What Tax Form Do I Need for My Rental Income? | Advice for the Phoenix Landlord
What Tax Form Do I Need for My Rental Income? | Advice for the Phoenix LandlordAs a Phoenix property management company, our goal is to make managing rental properties as easy as possible. Unfortunately, the Internal Revenue Service (IRS) does not always cooperate with that goal. If you are about to file your 2020 taxes, you may receive o...
Budgeting For Your Phoenix Rental Property's Maintenance & Repairs
Budgeting for rental property maintenance is an important part of owning and successfully operating a rental property. When we talk to property owners about how to do this, we always highlight the several factors that can go into setting and sticking to a budget. It’s also important to understand what the tenants are responsib...
Tax Implications of Investing in Phoenix Rental Properties
Budgeting for Investment Property Hidden Costs | Expecting the Unexpected
Advice for the Phoenix Landlord | What will happen with the Real Estate market in 2021?
Market Update - Where Will the Market Go in 2021? As we look ahead to 2021, we see a number of promising signs for property owners in the area. Like always, our team has been analyzing the latest data about the ongoing strength of the marketplace. Even in this time of unprecedented changes, our team has managed to keep our eviction ...
Market Update for your Phoenix Real Estate Invesment
Cromford Market Update - Oct/Nov 2020 While the restaurant industry has been hit hard by COVID-19, rental properties have grown in value. Right now, the demand for homes is up 36 percent. Rental prices have increased by 17 percent since April. Since rental prices are still increasing, it is important that property owners do not get s...
Should I Own My Phoenix Investment Property under a Limited Liability Company?
The best way to protect yourself when you buy Phoenix investment property is by owning it through a Limited Liability Company, or an LLC. Even if you have the property in a family trust, you want to have it in an LLC before you but it into the trust.Today, we’re explaining how that helps you as a landlord and an investor.Protect Yo...
Reconstructing Your Records After a Disaster | Advice from a Phoenix Property Management Company
How do I recreate my records after a disaster? Wildfire season has only begun, and it has already devastated many states. While most of our owners are fortunate and never have a major problem with their properties, this is not always the case. At our Phoenix property management company, we have seen several homes burn down from disasters...
Where are the Best Areas in Phoenix to Buy a Rental Property?
Before you invest in a Phoenix rental property, you need to know how you can expect it to perform financially. You also need to be sure it fits your portfolio and your investment goals.Whether you’re buying your first rental property or adding to a growing portfolio, we recommend that you surround yourself with professionals and ga...
A Phoenix Property Management Guide to Swimming Pool Maintenance and Liability
Renting out a Phoenix property with a swimming pool can be a good idea. The summers are hot and long, and tenants may be willing to pay a little extra to live in a well-maintained home with a pool.The problem isn’t the pool itself. For landlords, the problem is maintaining the pool and reducing the liability that often comes with sw...
