Property Management

The city of Phoenix is the capital of the state of Arizona in the United States. It is the state's largest city with over half of the total state population living within the city itself. As per the U.S. Census Bureau's latest estimates, Phoenix is the sixth-largest city in the United States. In the past ten years, the metropolitan region has grown by thirty four percent, making it the eighth fastest growing metropolitan region in the nation.

Historically speaking, the city’s economy was primarily agricultural but in the last two decades, the economy has diversified itself a lot because of the ever-growing population. Being the state capital of Arizona, lot of residents in the city are state government employees. More recently, a number of technology and telecommunications companies decided to relocate to the area.

Also, the Phoenix housing market has gone through a big housing boom. The home prices have increased and gone upwards as high as 50% in the past one year. The current median home price in Phoenix is of $268,000. The strong population growth has consequently led to rise in home prices and lots of people are hence forced to live in professionally managed apartments. Some of the professional management companies in Phoenix can be found below:

1. Parker Finch Management

Parker Finch Management Company manages homeowners and condo association with more than fifty units. Parker Finch Management has a team of very highly trained and educated managers who undergo some rigorous training programs and well versed with compliance inspection procedures and other intricacies of property management. Parker Finch Management extensively leverages technology in their operations and with a more professional team assigned to each community they tend to excel in their service offerings.

2. Ogden & Company

Address: 5725 N. Scottsdale Road Suite C-100, Scottsdale, AZ 85250

Just like the Parker Finch Management Company, Ogden & Company also manages homeowners and condo association with more than fifty units. Some of the services provided by Ogden & Company tend to include:

o Community Inspection: A manager from the Ogden & Company performs inspection on a monthly basis and provides a detailed report to the property owners.
o Maintenance of common facilities of the property are performed by the Ogden & Company. This also tends to include securing vendors, negotiating with them and working with the tenants to plan out a convenient time for carrying out any repair work.
o Collection of rents and management of delinquent payments as well as tenants.
o Preparation of detailed monthly reports to inform the owners of the financial performance of the property.

The law in Arizona tends to suggest that a management company with some broader responsibilities regarding property management or management of an association may prepare legal documents that are incidental to the management of the property pursuant to the Rule (c) (19). Nevertheless, if a company does nothing but prepare eviction notices or notices of breach of contract for property owners, such work would not be incidental to the company’s regular course of business and would not fall within the exception established by Rule 31 (c) (19) regardless of whether such a company might have called itself a management company or not.

Article Source: http://www.realestatepropertyarticles.com.

About the Author:
Susan Shaw is a contributing real estate editor at http://www.realestatepropertyarticles.com/. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.