Property Management Blog

Escaping the Nightmare of Tenant Advocacy GroupsOne day, you receive a letter from your tenants that says something about a health and safety notice. You plan on getting around to reading it, but the notice slips from your mind. A few days later, your tenant moves out and escapes from their current lease without paying any costs. What is ...

One of the greatest benefits of having insurance is peace of mind. It takes the worry out of an unexpected repair and reduces the financial worry of maintenance. However, not everyone believes in insurance or home warranties.What Kind of Vendors are Home Warranties Using?One consideration to keep in mind is that insurance is a multi...

When it comes to tenant screening, all properties must follow the Freedom of Information Act (FOIA). Without it, Phoenix property management companies and landlords would be renting without the accurate information they need. This act ensures that you can always obtain objective, factual data about your applicants.  On March 16, 2019...

 When you have an investment property, are you going to hire a professional property manager or do it yourself? We talk to over 100 self-managing owners every year, and they usually reach out when they’ve run into a problem. We do our best to point them in the right direction, but the problem is usually one that’s cr...

By Richard Hart, EA, CAAImagine you could invest $200,000 in a piece of real estate today and sell it 20 years from now for nearly $500,000 without paying a dime in taxes. If you buy that real estate with funds held in a Roth IRA, that could happen, and you could even get low tax results with funds held in a regular IRA. Can you really do...

In Arizona, the eviction process may take only 26 days. In other states, it can take over three months. In order to meet that 26-day timeframe, there are certain criteria that must be met. Before you begin an eviction, it’s very important that you know the court processes and you prepare for what is going to happen.Five Day Notice t...

Obviously, your first goal with any investment property is to earn money. You want your investment to cover the cost of repairs and insurance, and hopefully, your investment brings in a steady income stream as well. There are a few simple ways that you can prepare yourself to make sure that your investment earns the income you need. You n...

 Looks can be deceiving. One of my neighbors always has the nicest gadgets, latest cars and best vacations. He earns an above-average income, so his family lives a comfortable life. Until the topic of retirement came up the other day, I never realized that his comfortable lifestyle was due to a lack of savings.    The crazy...

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...

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...