From an Accidental Landlord to a Confident Investor - Part 1
Over the years, we have seen a lot of people who own a house and can't sell it. We have also seen people who have inherited a property. Whatever the case, they are the people we call an accidental landlord. They have asked us for advice and what they should do with their property. They did not intentionally buy the proper...
What to Include in a Proper Phoenix Rental Agreement
A lease agreement is a binding contract that you’ll sign with your tenant at the beginning of the tenancy. This lease will be the first place you turn if there are any disputes, disagreements, or conflicts during the lease period, so you need to be sure it’s legal, binding, and protective of your rights and your property.If y...
Zillow Predicts Phoenix Real Estate Will Grow in 2020
Each quarter, Zillow releases the Zillow Home Price Expectations Survey. This survey involves asking more than 100 economists what their expectations are for the upcoming year for metropolitan areas across the country. In the recent survey, Phoenix was one of the best real estate markets for price growth. Phoenix Is Dealing With a ...
Things to Consider When Creating a Partial Rent Payment Plan | Phoenix Property Management Advice
Late rental payments are a nuisance for landlords, and you want to avoid them whenever you can.During your tenant screening process, be sure to look for tenants with a history of paying rent on time and following the terms of their lease. Establish a consistent and clear rent collection policy so your new tenants know what you expec...
Today's High Demand Represents the True Demand for Homes
Today's High Demand Represents the True Demand for HomesThe real estate market is hot right now, and it is still going to increase in value during the coming year. For property investors, it is too early to sell off real estate investments. A recent analysis by the Cromford Report shows the additional growth potential in the Phoe...
What to Do First If a Tenant in My Phoenix Investment Property Serves me with a 5 Day Health & Safet...
Arizona landlords are legally required to provide a safe and habitable home to their tenants. If there’s a repair that hasn’t been made that directly affects the property’s habitability, the tenant can complain to the local authorities and serve you with a Five Day Health & Safety Notice.This is disruptive to landlo...
Is It Better to Conduct Rental Inspections When Your Property is Occupied or Vacant? | Phoenix Prope...
Conducting rental inspections is an important part of owning and managing an investment property. As professional Phoenix property managers, we prefer to conduct inspections when the property is vacant. However, it’s not an either/or situation. You’ll need to complete inspections when tenants are in place as well as when the ...
Normal Wear and Tear vs Tenant Damage Many of our long-time readers already know that our team members go to the National Association of Residential Property Managers (NARPM) conference each year. We always return with so much additional knowledge. Our team has learned about everything from legal updates to new industry regula...
How Do 1031 Exchanges Benefit Phoenix Real Estate Investors?
One of the biggest questions on the minds of most real estate investors is: when is the right time to sell an investment property, and what is the best exit strategy?There are so many things to consider with this question, including all of the potential tax issues that come into play.Using a 1031 Exchange to Defer TaxesWhen you sell a pro...
State and county Population IncreasesRecently the U.S. Census Bureau released state and county population numbers. The time period for the change in population is from July 2017 to July 2018. Table two has the top five states for numeric population increase. Arizona was ranked fourth with a gain of 112,770 people. Amongst ...
A lease agreement is a binding contract that you’ll sign with your tenant at the beginning of the tenancy. This lease will be the first place you turn if there are any disputes, disagreements, or conflicts during the lease period, so you need to be sure it’s legal, binding, and protective of your rights and your property.If y...
Late rental payments are a nuisance for landlords, and you want to avoid them whenever you can.During your tenant screening process, be sure to look for tenants with a history of paying rent on time and following the terms of their lease. Establish a consistent and clear rent collection policy so your new tenants know what you expec...
Arizona landlords are legally required to provide a safe and habitable home to their tenants. If there’s a repair that hasn’t been made that directly affects the property’s habitability, the tenant can complain to the local authorities and serve you with a Five Day Health & Safety Notice.This is disruptive to landlo...
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Conducting rental inspections is an important part of owning and managing an investment property. As professional Phoenix property managers, we prefer to conduct inspections when the property is vacant. However, it’s not an either/or situation. You’ll need to complete inspections when tenants are in place as well as when the ...
