Property Management Blog

High return on investment (ROI) is the ultimate goal of any real estate investment, whether it is a residential property, a commercial unit, or a vacation rental. It indicates the amount of money you earn after deducting associated costs. Calculating ROI is important as it helps you understand the earning potential of your properties and ...

It seems everywhere we go nowadays, we see people bringing along their pets. It is no wonder then that the demand for pet-friendly rental homes has skyrocketed. If you are a full-time landlord, it would be profitable to welcome tenants with pets. Remaining flexible and practicing an open pet policy can increase your rental earning.W...

In the beginning, you may have decided to become a part-time landlord to gauge how you liked it. You may now want to shift from being a part-time to being a full-time landlord. Check out this article to find out how to make the transition.What are the Pros of Being a Full-Time Landlord?Not everybody is comfortable handling the responsibi...

The Phoenix rental market is a thriving seller’s market, and you might want to sell your rental property for several reasons. However, handling the sale of the property can be tricky and awkward when your renters are still residing there.At Service Star Realty, we have over 60 years of combined experience during which we have helped...

Tenant turnover is a problem for Phoenix real estate investors because it’s expensive, especially now, when the costs of maintenance and materials are so high. Lowering your tenant turnover will maximize your ROI and help you avoid vacancies.To keep that turnover rate low, it’s important to ensure your best Phoenix tenants are...

When you own a rental property, it is your responsibility to ensure that your tenants are comfortable in their dwelling space. As a landlord, you need to maintain a good relationship with your tenants because they are the major source of your income for the long-term. Keeping your tenants happy and satisfied should be among your top...

The Residents Benefits Package is a comprehensive set of added services designed to offer an enhanced rental experience for your tenants and a simplified Phoenix property management experience for landlords. For tenants, it can be a good way to build a better future, improve their credit history, add funds toward future closing costs, and...

Whether or not to furnish a property is a choice each landlord must make, given that furnishing a rental house would need time, additional work, and money.Offering a furnished or partially furnished rental home has several advantages, including higher rent, but there are also some drawbacks. Some tenants prefer a furnished unit so t...

Your goal as a Phoenix rental property owner is to maximize the earnings from your real estate investment. You want to prioritize landing a top-quality tenant to achieve this. When there are no tenants in your property, this causes extra expenses with no income. It is vital to take action right away and advertise your rental home.Ev...

While it may appear that you are saving time when you skip tenant screening, in the long run, this is not advisable. Screening the renters in your Phoenix rental home is critical if you want fewer problems and more protection for your rental. This is the stage where you assess if the applicant is suitable as a tenant.It is important to k...