by Liz Nichols | Phoenix Business Journal
Avilla Palm Valley home kitchen and living area/Avilla Homes
With the Valley’s homeownership rate down more than 8 percent since 2005, one Phoenix-based home builder has created a solution for millennials and baby boomers who don’t want to be tied down by mortgages.
NexMetro Communities offers single-story, detached rental homes with backyards in its Avilla Homes neighborhoods. The homes and landscape are maintained by the property management company, which takes a lot of responsibility off residents’ shoulders, Executive Vice President Josh Hartmann said.