How busy is the Mid-term rental market in Arizona?

[Natalie Tran]

I bought a property in Mesa in Sept, 2022 over price. Selling it now seems to be not a good idea as I will lose 50% of my capital. Considering having it for rent month by month and waiting for the equity gain. Having a property management company seems to be a good option for me since I am living out of state. I have talked to Evolve. They gave me very optimistic figures. However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants. Some landlords complained about having no bookings for months. That scared me - a newbie. Could anyone please advise a good management company for mid term rental in Arizona? I see many listings around my place. Some have been on the market for weeks. If you are running a mid term rental property, how is your business? Does the revenue good enough at least to cover the mortgage payment?

Much appreciate for your advise!