What Can I Pay for with the Security Deposit for My Phoenix Investment Property?
Arizona law is pretty clear when it comes to security deposits; there are limits to how much you can collect and there are timelines for how long you can take to return the deposit at the end of a tenancy.Following those regulations isn’t usually a problem for Phoenix landlords. What gets tricky is knowing what you can and cannot de...
Who's Responsible for What When Your Tenant Breaks the Lease? | Phoenix Landlord Education
When a tenant breaks the lease and moves out of your rental property earlier than expected, it creates a financial hardship for you, and a lot of stress.At Service Star Realty, we don’t run into this situation very often because we have a strict tenant screening process which ensures we are placing tenants who will follow the terms ...
From an Accidental Landlord to a Confident Investor - Part 3
When someone comes into my office, they immediately start asking questions. I tell them that their questions are very important, and we will get to them in a moment. First, I want to ask the client an important question. What is their intention with their real estate? Is it for a short-term or long-term play? If it is a shor...
What to Do If the Tenant is Not Paying Rent | Options for Phoenix Property Owners
Hopefully, your tenant screening process is rigorous and detailed enough that you’re placing tenants in your Phoenix rental property who have a history of paying rent on time. The best way to avoid late rent payments is to screen tenants well before they even move in.However, even good tenants run into financial problems, and you mi...
COVID-19's Impact on Our Real Estate Market
COVID-19's Impact on Our Real Estate Market Recently, Airbnb announced that it would allow guests to get automatic refunds for reservations they made on or before March 14, 2020. At the moment, Airbnb lets guests cancel any reservations that were planned to occur between now and May 31, 2020. While this response to the COVI...
From an Accidental Landlord to a Confident Investor - Part 2
We really wish more people could get excited about buying and keeping real estate. They could see what it can do for them. What we do as professional property managers is to try to educate them about the benefits of real estate. Most people think that it is just about cash flow. Trying to get cash flow isn't actually that easy....
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...
