Tempe Property Management

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Why Hiring Tempe Property Management Matters

Tempe is defined by Arizona State University, the nation's largest public university with 75,000+ students. The city offers distinct rental markets: student housing near ASU, young professional housing in Downtown Tempe, and family homes in South Tempe. A professional property manager with Tempe expertise navigates these local dynamics while handling tenant screening, rent optimization, and maintenance coordination.

$1,650

Average Monthly Rent

-2.5% Year-over-Year

Source: RentCafe

7.5%

Vacancy Rate

Competitive Market

Source: Steadily

92.5%

Occupancy Rate

Stable Demand

Source: Local Market Data

What Sets Tempe Apart

ASU is nation's largest public university (75,000+ students)

Light rail connects to downtown Phoenix and Mesa

Tempe Town Lake provides waterfront lifestyle

Mill Avenue offers walkable entertainment district

What Makes a Top-Tier Property Manager in Tempe

A top-tier property manager in Tempe understands the local market dynamics and delivers results that matter. SmartRentPro's 100-point certification system identifies the best:

Customer Satisfaction (55 points): Verified reviews and ratings, review volume, historical rating stability, owner-specific feedback patterns, and communication indicators.

Operational Maturity (25 points): Portfolio size, staffing levels, years in business, service model, and capacity to support long-term owners.

Property Performance Systems (20 points): Business technology adoption, leasing and maintenance tools, and automation and reporting accessibility.

Only companies scoring 80+ earn SmartRentPro Certified™ status—representing the top 1% of property managers nationwide.

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Tempe Property Management Tips & Challenges

Student rentals have high turnover but consistent demand

Professional rentals near Mill Ave attract young workers

South Tempe offers family homes away from student density

Lease timing must align with ASU academic calendar for student housing

Extreme heat requires HVAC systems rated for 115°F+ with $3,000-$6,000 replacement costs every 8-10 years

Monsoon season causes annual roof and drainage damage—budget 1.5% of value for maintenance reserves

Pool maintenance adds $150-$300 monthly—expected amenity in most Phoenix-area rentals

Tempe Property Management FAQs

What is the average property management fee in Tempe?

Tempe property management fees range from 8-12% of monthly rent. Student housing specialists may charge differently. Expect $130-$200/month depending on property type.

Is Tempe a good market for student rentals?

Tempe offers consistent student demand from ASU's 75,000+ students. High turnover (annual), heavier wear, and academic calendar constraints are tradeoffs. Higher returns but more intensive management required.

How does Tempe compare to Mesa for rental investment?

Tempe commands $150-200/month higher rents due to ASU and light rail. Mesa offers more family-focused markets. Tempe has higher vacancy due to student housing oversupply; Mesa is more stable.

What Tempe neighborhoods have the best rental demand?

Downtown/Mill Ave attracts students and young professionals. South Tempe draws families avoiding student density. Papago/Camelback area has professional commuters. Corona del Sol school zone adds family appeal.

Does Tempe have rental regulations beyond Arizona state law?

Tempe follows Arizona state laws. Some additional enforcement on party houses near ASU. No Tempe-specific rental registration. Arizona's landlord-friendly laws apply.

Research & Editorial Review by SmartRentPro Research Team
Specialists in U.S. residential property management markets and local rental regulations.
Updated January 2026.