What Types of Fees Can I Expect When Using a Property Management Company in Phoenix?
All of the fees you pay for professional property management in Phoenix are negotiable. Nothing is set in stone, and each company charges what they feel is right for their services. Today, we’re talking about how that works. Flat Fee or Percentage FeeSome management fees are flat fees, and others are a percentage of the gross month...
Why Tenants Prefer a Property Management Company – Phoenix Landlord Education
Tenants prefer working with a professional Phoenix property management company instead of self-managing owners. There are so many services we offer investors, and the hidden value you receive is that the best tenants are more attracted to properties managed by professional companies. There are several reasons for this. Maintenance Respon...
What Kind of Communication Can I Expect When Using a Property Management Company in Phoenix?
Communication is an important part of owning and managing rental property, and today we’re talking about what you can and should expect when it comes to communicating with your Phoenix property management company. Set Communication Expectations EarlyCommunicating your preferences to your property manager is a good idea. It a...
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...
