Top Property Management Companies in Phoenix

Phoenix is one of the fastest-growing cities in the South, with thousands of new residents arriving every year and builders racing to keep up. In 2025 alone, more than 21,188 new units are expected to open, ranking Phoenix as the fourth busiest metro for new construction. 

For landlords, this sudden growth makes property management in Phoenix more important than ever. Vacancy rates have climbed to nearly 12%, and filling a unit quickly is no longer guaranteed. Every empty unit can cost thousands in lost rent, and higher-paying tenants now expect excellent service, fast communication, and well-maintained homes.

The right property management company can take the stress out of owning a rental by handling tenant screening, maintenance, rent collection, and legal compliance for you. Instead of worrying about vacancies or late payments, you can enjoy a mostly hands-off investment experience. In this guide, we’ll look at what makes the Phoenix market unique, explain what property managers do, and go over the criteria for choosing one who can help you protect your investment and maximize returns. 

Overview of the Phoenix Rental Market

Phoenix’s young population, job growth, and diverse housing options all play a part in its active rental market, while affordability challenges and constant development create risk for landlords. Understanding these dynamics is essential to keeping your property occupied and profitable. 

Housing Types

Phoenix offers a wide range of rentals. Each property type comes with its own challenges and tenant expectations: 

• Single-family homes: These rentals are in high demand across suburbs like Buckeye, Gilbert, El Mirage, and Surprise. More space and good schools attract families who expect quick maintenance turnaround and long lease terms.

• Multifamily properties: Phoenix is adding thousands of new apartments to keep up with demand, especially in Midtown, Downtown, and the East Valley. With so many units hitting the market, owners face tough competition. Multifamily rentals need efficient systems for leasing, rent collection, and tenant communication, and the right property management keeps all of that on track.

• Luxury condos and apartments: Luxury properties in Tempe, Downtown Phoenix, and Scottsdale cater to professionals and retirees seeking convenience and upscale amenities. These tenants often expect faster service, making responsive property management vital.

• Affordable rentals: Phoenix faces a shortage of more than 59,000 affordable homes for low-income households. At the same time, the city now ranks 9th in the country for building the most affordable units, with over 1,000 already under construction and 2,688 more expected in 2025. These tenants tend to prioritize fair treatment, respectful communication, predictable rent, and responsive maintenance. 

No matter the property type, the top property management companies in Phoenix know how to adapt their strategies and communication style to meet the unique needs of each unit and tenant, ensuring satisfaction and long-term profitability for landlords. 

Location

Location affects rental success just as much as the property itself. Suburbs like Glendale and Peoria are seeing renter households rise sharply, with Glendale now at 42% renter households. Many of these renters are families looking for affordability and good schools. Meanwhile, Downtown Phoenix and Tempe attract students and professionals who pay premiums for access to jobs and nightlife. Because tenant needs vary by area, the best property management companies must know how to adjust their marketing, pricing, and leasing strategies to keep properties competitive across the Valley. 

Seasonal Trends

Rental demand in Phoenix often changes with the seasons. Families usually move in late spring and summer before school starts, while winter brings retirees and snowbirds looking for short-term stays. Demand peaks from May through August, making timing critical. Property managers help landlords list at the right moment and adjust pricing so units fill quickly and avoid costly vacancies.

Economic Growth 

Phoenix’s rental market is fueled by strong job growth in healthcare, tech, and education. In 2024 alone, the healthcare industry added nearly 21,000 jobs, making it one of the fastest-growing industries in the region. Education continues to boost demand as Arizona State University enrolls over 80,000 students on its Tempe campus, many of whom depend on rentals. Tech and manufacturing companies like Intel and TSMC also bring in thousands of high-income renters with high housing expectations. 

Demographics

With more than 1.65 million residents, Phoenix’s renter base becomes more and more diverse by the day. Families still dominate single-family homes in the suburbs, while students and young professionals drive demand near ASU and more centrally located neighborhoods. Retirees, many relocating from colder states, increase demand for seasonal and 55+ rentals, especially in the East Valley. Each group values different things, from schools and yard space to walkability and low-maintenance living. Investing in property management in Phoenix is all about finding a partner that can keep every type of person satisfied. 

Understanding Property Management in Phoenix

Owning a rental property in Phoenix comes with opportunity, but also its share of challenges. Vacancy rates are higher than they used to be, tenants have more choices, and local and federal laws can be complex if you’re managing on your own. The right property management company takes the weight off your shoulders by handling the day-to-day tasks and protecting your investment. Here’s a breakdown of the main responsibilities property managers take on in Phoenix: 

Marketing and Tenant Placement 

In a metro adding tens of thousands of new properties, the way a property is marketed can determine how fast it rents. Property managers create listings with high-quality photos, post on high-traffic platforms, and use data to set competitive rates that match neighborhood demand. Timing is essential because every week a unit sits empty means hundreds in lost income. Managers reduce this risk with fast tenant placement and thorough screening that checks employment, credit, and rental history. The goal is to find reliable tenants who will stay longer and take care of the property. 

Rent Collection

Even one late or missed payment can disrupt your business. The top property management companies put systems in place to make the process easy, including online payment portals and simple ways to communicate with tenants. They also handle late notices, fees, and, if necessary, start the legal steps for eviction while staying compliant with the law. For landlords, this means rent gets paid on time, without having to have awkward conversations or send constant reminders. 

Maintenance

Phoenix’s desert climate makes maintenance crucial. High summer temperatures often strain air conditioning units, while pools and landscapes need regular attention to stay safe and appealing. Property managers work with trusted local contractors to handle both preventative care and emergency repairs, extending the life of essential systems like HVAC and plumbing. Regular inspections and quick responses keep tenants happy and protect the value of the property. For owners, this means fewer surprise costs, fewer late-night calls, and a property that stays in good condition year after year.

Legal Compliance

Arizona is considered more landlord-friendly than some states, but compliance is still important. Security deposits must be returned within 14 business days, landlords must give tenants at least two days’ notice before entering a unit in non-emergency situations, and eviction procedures must follow exact steps set by the courts. On top of that, Phoenix has local ordinances for short-term rentals, requiring permits and nuisance compliance. Property managers know these rules inside and out, keeping leases legal, handling disputes properly, and protecting landlords from costly mistakes.

Tenant Relations 

Happy tenants are more likely to renew their leases, and lease renewals save landlords money by reducing turnover. Communication styles and expectations vary widely in Phoenix, where renters range from students and families to retirees. A property management company acts as the main point of contact, answering questions, resolving complaints, and keeping tenants informed of new rules or events. Strong tenant relations not only improve retention but also lead to better reviews, making it easier to attract future renters.  

Criteria for Choosing a Property Management Company

When it comes to property management in Phoenix, every landlord will need something different. Here are the most important factors to consider while making your decision:

Experience 

Look for a property management company that has experience managing the specific kind of property you own. Single-family homes in Buckeye or Gilbert will require a much different strategy than luxury apartments in Scottsdale or condos near ASU in Tempe. The top property management companies understand the trends in different neighborhoods, from suburban family demand to student turnover, and tailor their approach accordingly. A partner with in-depth local knowledge helps maximize your revenue and minimize vacancies. 

Fees

Property management in Phoenix usually comes with several types of fees, and it’s important to know about each of them before signing a contract. 

• Monthly management fees are typically 8-12% of collected rent, but some companies may charge a flat fee instead. 
• Leasing or placement fees are a one-time charge for finding and screening a new tenant. 
• Maintenance markups can add extra costs on top of existing vendor bills for repairs or landscaping. 
• Lease renewal charges may be added each time a tenant signs a new lease.

The top property management companies will clearly explain how their fee structure works and show how they protect your bottom line. 

Technology

Technology is a big advantage in today’s market. Online portals let tenants pay rent, put in maintenance requests, and receive updates instantly, while landlords can track finances and property performance. Consistent protocols for approving repairs, handling emergencies, and delivering updates is also important. A tech-savvy property management company reduces delays, improves communication, and keeps operations running smoothly in an unpredictable rental market. 

Reputation 

Reputation is one of the best indicators of future performance. Look for reviews, references, or case studies that show how quickly a company fills vacancies, how they handle maintenance requests, and how satisfied their current clients are. Positive ratings and references show that the company knows how to keep tenants happy while protecting the landlord’s interests. Talking to other local property owners can also reveal whether a company delivers on its promises.

Tenant Handling 

Strong tenant relationships reduce vacancies and turnover. While enforcing the rules is important, so is offering good service and communicating respectfully. The top property management companies know how to cater to different tenant needs, enforce leases fairly, and foster positive relationships that encourage renters to renew rather than move out. 

Risk Management 

Property management in Phoenix is about protecting your property, income, and reputation. A good manager ensures you’re covered by the right insurance, screens tenants carefully, and follows the correct eviction procedures when necessary. Just as important, they must be licensed and understand Arizona’s landlord-tenant laws, deposit rules, and city ordinances. Even one mistake can put your entire investment at risk. 

Making the Final Decision

Once you have a few companies in mind, it’s time to decide which can deliver the best results for your business. Start by putting proposals side by side and making a checklist of what you absolutely need versus what you can live without. Pay close attention to the details in the contract, including the minimum length of commitment, how cancellations are handled, and any extra fees that may be added for services like advertising, lease renewals, or tenant placement. You may prefer a longer contract if it comes with lower monthly costs or bundled services. When in doubt, consider starting with a shorter, more flexible contract as a trial run. 

Keep in mind that not every company provides the same services. Some are best equipped to manage single-family homes, while others specialize in HOAs, luxury units, or larger, multi-family properties. Full-service companies usually charge a percentage of the rent collected, while smaller providers might have a lower base rate with extra charges for each specific service you want added. 

If you have the chance, tour a few properties that the company already manages and speak with current clients. The condition of those rentals and the way tenants describe their experience can give you a sense of what to expect. Always confirm that the company is bonded and insured, which will protect you if they make a mistake. 

Finally, don’t ignore red flags and trust your intuition. A team that’s organized, responsive, and professional during the selection stage is usually the one that will handle challenges effectively once they take over your property.

Takeaway: The Top Property Management Company in Phoenix

Finding the right partner for property management in Phoenix comes down to your investment goals and property type. Strong managers bring together market knowledge, efficient operations, reliable maintenance, and transparent financial reporting. Whether you want a hands-off experience or only need selective help with a few services, there are plenty of property management companies in Phoenix that can meet those needs. Taking the time to do your homework can make a once-stressful obligation a profitable source of income that gives you peace of mind. 

If you want the best property management in Phoenix, you’ll want to bring Evernest on board. Our local team understands the market inside and out, handling everything from tenant placement and marketing to repairs and compliance. Reach out today to let us take the reins!