Part of the slow down at the moment is the holidays. Fewer renters want to move right before the holidays, so homes tend to be harder to rent during this time. Once January begins, the same properties suddenly receive a lot of applicants. While the holidays are a factor, there is also a small tapering off the rental prices co...
Which is Better for Phoenix Property Owners – Getting the Highest Rent or the Most Income?
All owners want to earn the highest rent possible. However, the highest rent doesn’t necessarily equate to the most income per year. Many owners will come to us with a certain figure in mind that reflects what they think their house is worth. Maybe someone down the street rented their home for a certain amount, and the owner we&rsq...
Why Is It So Important for a Property Manager to Understand and Tell Clients About Fair Housing Regulations? As Phoenix property management company, understanding Fair Housing laws is important. All licensed real estate professionals must understand these legal requirements and inform clients about them. This is especially im...
The Top 4 Things That Renters DislikeWhether you are renting a simple studio or a small villa, there are common frustrations that will keep a renter from picking your property. Broken appliances, old fixtures and hideous walls are just a few of the common issues. Renters hate finding a rental unit with dirty exteriors and old flooring bec...
When Should You Start Advertising a Property?Phoenix property management companies approach listings in different ways. One property manager might list a property as soon as possible. For another property management team, the preferred approach is to wait until the property is vacant, turned over to show ready condition. Start Ads Ri...
What Can Phoenix Landlords Do When Tenants Break HOA Rules?
We receive a lot of questions regarding HOA violations. Today, we’re explaining the three things you need to remember when you have a tenant who receives a notice from the HOA. Provide the Tenant with Homeowners Association RulesStart by making the tenant responsible in your lease agreement for obtaining the rules from the HO...
Recently, we started working for a new property in Phoenix. Previously, it had been managed by a brokerage company that did property management on the side. Unfortunately, we quickly discovered that there were some major problems at the property. As a Phoenix property management company, we have seen some unusual situations, ...
Should Phoenix Landlords Hire Licensed Home Contractors for Rental Property Repairs?
Does your vendor need to be licensed? The answer is yes and no.Licensed Vendors and Your Income PropertyFirst for the yes portion. Whenever you have a repair that is critical or professional in nature, hire a licensed professional. This may be when you need an electrician or a plumber or an air conditioning technician. Those individuals ...
From time to time, we all have to bring a new property from one Phoenix property manager to another. If it has not happened to you yet, it will happen at some point. The biggest problem is making this transition smoothly. Unfortunately, some of these transitions happen worse than others. Earlier this year, we had an example of all th...
Do Phoenix Property Owners Need to Renovate to Successfully Rent Their Homes?
Owners who are preparing to put their properties up for rent often ask us about renovations, and whether they need to make the home picture perfect for the next tenant. The property does not have to be picture perfect. Before you invest in any renovations, think about why you’re making the upgrades. If you’re gettin...
