Tuesday, May 01, 2018

How to Get Good Tenants to Renew

When you have a good tenant, the first goal is to get them to stay. Finding a replacement takes time, and there is no guarantee that you will find a tenant who is just as good. While there are tenants who have to move because of financial reasons or other factors outside of their control, there are some things that your Phoenix property management team can do to help you keep your top tenants.  Read More »

Monday, April 30, 2018

How do you issue a 1099 to a Trust?

One of the benefits of a living or revocable trust is that it allows an individual to remove property from his or her probate estate by transferring the property to a trust. Because the trust, and not the decedent, owns the property at death, the property passes under the terms of the trust and outside probate. One question I frequently get is, “What are the complications associated with transferring the property to the trust during life, and particularly, does the trust have to file a separate tax return?” The living trust usually does not file a separate tax return. Under the Internal Revenue Code, a revocable trust qualifies as a “grantor trust.” Under the Grantor Trust Rules, the trust is “disregarded” and all the items of income or expense are reported on the Grantor’s Form 1040, as if the trust did not exist for tax purposes, as long as the trust retains its “grantor trust” status.   Read More »

Wednesday, February 07, 2018

Housing Market Forecast Indicates Ongoing Growth Into 2018

The recent forecasts for the Phoenix housing market show that price appreciation may slow down in the coming months. Considering the tremendous volatility of the housing market over the last decade, this could be a good thing.  Read More »

Monday, February 05, 2018

Yearly Operating Budget for Your Property

Have you ever heard a successful business that did not have a yearly operating budget? A budget compared to the actual monthly income and expenses tells us if we are achieving our financial goal. As a normal operation, budget needs to be reviewed yearly and adjusted during the year. Without tracking and measuring your performance, it is hard to know how well you are doing.  Read More »

Tuesday, November 28, 2017

When Do I Hire a Property Manager? Phoenix Investor Tips

A question we get often is – how soon in someone’s investment career they should hire a property manager? Some investors believe they need three or five houses in their portfolio before it’s worth employing a property manager. If you’re not going to hire a property manager right away, you need to consider a few things.   Read More »

Tuesday, November 14, 2017

How a Property Management Company Protects Your Investment Property in Phoenix

When you own and rent out Phoenix real estate, you want to make sure your investment is protected. A good property management company can do that for you. Today, we’re discussing how we protect your property.   Read More »

Tuesday, October 31, 2017

Should I Allow Pets in my Rental Home? – Property Management Phoenix, AZ Education

Pets are a concern that most homeowners have. In general, you have to understand that over 60 percent of the rental population has pets. So when you say no to pets, you’re cutting your market by more than half. It will take longer to rent out your property, and you may rent it for less. So, there’s a cost in not renting to people with pets.   Read More »

Tuesday, October 17, 2017

What a Good Property Management Company Will Do to Market Your Property | Phoenix Best Practices

A good Phoenix property management company will do a few strategic things to effectively market your property and find you a great tenant fast.   Read More »

Wednesday, October 11, 2017

The Art of Increasing Rent

We discovered over the years that mandatory rent increase is not always the best thing. Service Star Realty boast a 75% tenant renewal rate year after year. This means that on average, a renter will stay in your rental home for 4 years while we are managing it.  Read More »

Wednesday, October 11, 2017

New Tenant Home Buying Program

Service Star Realty has created an innovative, new program to help tenants, investors and everyone involved.  Read More »