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...
Resident Screening: The Importance of Landlord and Employment Verification for Your Phoenix Investme...
Resident Screening: The Importance of Landlord and Employment Verification for Your Phoenix Investment Property For you to get the best renters possible, you need to use the best management company. As a Phoenix property manager, we use employment verification as a part of our application approval process. Thanks to our careful scree...
How Does Landlord Insurance Work in Phoenix and Why Do You Need It?
Owning investment property in Phoenix can be profitable and lucrative. However, it can also be risky. Landlords take on a lot of liability, and they want to be sure one of their largest assets is protected.Insurance is essential.Today, we’re explaining what kind of insurance you need as a landlord, and why.Insurance is Part of Risk ...
Property Management Market Update for Landlords
Cromford Market Update After the initial shock of dealing with the COVID-19 pandemic, businesses have responded with impressive ingenuity. There are now delivery and curbside options at restaurants and retail shops throughout the nation. While investors were initially spooked by the uncertainty of the pandemic, the economy is beginni...
Phoenix Property Managers: How Do You Settle Security Deposit Disputes?
One of the most common reasons for disputes between landlords and tenants is that they don’t agree on deductions made from the security deposit. Legally, landlords are permitted to charge the deposit for damage as well as any cleaning fees, unpaid rent, or overdue utilities. They are not permitted to charge for wear and tear. N...
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 ...
