What Does a Good Professional Property Management Company in Phoenix Do?
A good Phoenix property management company will perform many duties for its clients, and today we are talking about three of those most essential responsibilities.Increasing RevenuesThe best way to increase your revenues is to avoid vacancy. Vacancy will kill your profits faster than anything else. You want to rent your property quickly ...
The Proper Way to Collect Rent on Your Phoenix Rental Property – Management Education
Phoenix property management includes collecting rent, and today we are talking about how to be very effective in collecting the rent on time every month. We’ll discuss late fees and the importance of consistency. Incorporate Late FeesIncorporate late fees in every lease agreement. The late fees you charge should be reasonable becau...
What Happens if My Tenant Damages my Phoenix Rental Property? Management Advice
There are a few things you can do to protect yourself against damage to your property. Today, we’re discussing the importance of talking to your tenants before they move in, inspections, and what kind of information you need to have on the application. Setting ExpectationsGo over every detail with the tenant when you’re revie...
From the Service Star Maintenance Director: After many seasons of working with various HVAC vendors I have seen the rise in cost on R-22 heating and cooling systems. After further research and corresponding with various companies I found this knowledgeable information. For the past four decades, the refrigerant R-22, also known as Freon, ...
Selling the property may make sense in some cases, but you may end up missing out on tax benefits. When you rent your home, you are basically using tax-free money to cover the costs of an appreciating asset. If you do your taxes the right way, you can essentially earn tax-free cash from your rental property as it appreciates. If your rent...
How to Screen for the Best Tenant for your Phoenix Rental Property | Management Tips
It’s super-important to get good tenants in your rental property who pay rent on time and take care of the home so you don’t have any damage to deal with when they move out. Today, we are sharing a few pointers about screening so you can get the best tenant. Phoenix Property Management: Applicant Pool Make sure you have...
Days on the market to find a tenant = 10 Days Lease renewal rate to keep your tenant for another year = 73% We are following up on our traditional year-end newsletter we sent to you at the beginning of January. In that letter, we evaluated our company's progress in 2016, highlighted a lot of our strengths and mentioned a couple of pla...
Why my Property Manager needs to be Additional Insured
Insurance is provided as protection to prevent loss in the event of an unforeseen circumstance. No matter what sphere of insurance you are speaking of, the ultimate goal is immunity. As a Landlord you deserve a sense of wellbeing knowing that your Property Management Company is just as protected as you are. Many homeowners inquire as to w...
A question frequently asked by home owners: “What are your criteria when approving applications?” Service Star Realty realizes placing the right tenant in your rental is one of the most important responsibilities we have as property managers: a good tenant will fulfill their lease term, give proper notice and allow us to plan ...
After some research and realizing why we are receiving so many service calls on “No Heat” or “System is blowing cool air” and why most of these calls come in early morning or late nights, I have discovered the process of how the heat pump works: When the outdoor temperature drops below 42 degrees in the valley, fro...
