Paradise Valley is a small, affluent town in Maricopa County, Arizona, United States. According to the 2010 census, the population of the town was 12,820. Despite the town’s relatively small area and population compared to other municipalities in the Phoenix metropolitan area, Paradise Valley is home to eight full service resorts, making it one of Arizona’s premier tourist destinations. It is also known for expensive real estate.
It should not be confused with Paradise Valley Village, an official municipal designation, in northeast Phoenix. For instance, Paradise Valley Community College, Paradise Valley High School, Paradise Valley Hospital, Paradise Valley Mall, and Paradise Valley Golf Course are all located several miles to the north of the town, in Phoenix. The town’s name along with all the other various entities bearing the same name comes from the expansive area known as Paradise Valley, that spreads from north of the Phoenix mountains to Cave Creek & Carefree on the north and the McDowell Mountains to the east.
Paradise Valley is the wealthiest suburb of Phoenix. It is known primarily for its many resorts and expensive real estate. However, its history dates back to a more agrarian society.
After the initial European settlement, Paradise Valley was first used for cattle grazing. In the 1880s, when the land was being surveyed so it could be developed into agricultural lots, the name “Paradise Valley” first came into use, being given by surveyors from the Rio Verde Canal Company and its manager at the time, Frank Conkey. According to the official town website, this name may have been chosen due to the abundance of spring wildflowers and Palo Verde trees. Mainly an agricultural area during the 1800s and the first half of the 1900s, the area began to be settled after World War II, on large one to five acre lots for which it became known.
As the neighboring settlements of Phoenix and Scottsdale began to grow and annex adjoining areas, the residents of what would become Paradise Valley were concerned that the qualities they most valued would be lost if they were consumed by their larger neighbors. These residents formed “Citizens Committee for the Incorporation of The Town of Paradise Valley, Arizona”, which collected enough signatures to take to the Maricopa County Board of Supervisors. The petition was granted by the Supervisors, allowing the town of Paradise Valley to be incorporated on May 24, 1961. (Adapted from Wikipedia.)
Property management, especially in a town like Paradise Valley, can prove to be a difficult endeavor without professional help. As a result, property management companies have become common in the Phoenix area. When choosing a property management company, the property manager has the sole intention of having all aspects of the property well taken care of. After all, the Paradise Valley property owner stands to reap benefits from the services offered by the companies as compared to trying to handle the property by him or herself.
One of the benefits of hiring of the right property management company is an increase in the income of the property. The company will be responsible for marketing the property and bringing in potential clients. Those properties which have no proper marketing strategy in place find that they incur losses by having unoccupied units on the property. A good company will have the necessary knowledge of the local markets and therefore will know the best pricing strategy to use to attract potential clients.
Better time management is also a benefit when working with a property management company like Cariño Properties. You, the owner will likely spend a lot of time trying to deal with the different unforeseen aspects of management such as marketing and the general maintenance of the property. With our help, all these issues are taken care of, allowing you to spend your time on more important matters.
A good PM company can also actually lower expenses – something most owners are eager to see! This is because the property management professional has all the necessary knowledge of the market and will even know who to go to for services, such as those associated with maintenance, and who will charge fair prices. Also, a good PM company will take care of issues that could easily turn into lawsuits, as they are conversant with the laws of the land.
Besides reaping all of these rewards, the property owner can be assured that the property will achieve the best returns, especially when there is trust between the property owner and us, Cariño Properties, your property management company. We work hard to strike up good relationships with the property owner as well as with the tenants, as they want to continue handling the property in question. Therefore our staff will not leave anything to chance as we work diligently to meet the needs of the property owner.
Contact Cariño Properties today to schedule your no-cost appointment!