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Property Management Blog

Monday, December 10, 2018

The Best Tips for Making Money in Real Estate
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...

Wednesday, November 14, 2018

Developing Passive Rental Income for When You Retire
 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...

Tuesday, September 4, 2018

Fair Housing
Why Is It So Important for a Property Manager to Understand and Tell Clients About Fair Housing Regulations?    As Phoenix property management company, understanding Fair Housing laws is important. All licensed real estate professionals must understand these legal requirements and inform clients about them. This is especially im...

Wednesday, August 1, 2018

When Should You Start Advertising a Property?
When Should You Start Advertising a Property?Phoenix property management companies approach listings in different ways. One property manager might list a property as soon as possible. For another property management team, the preferred approach is to wait until the property is vacant, turned over to show ready condition. Start Ads Ri...

Wednesday, July 11, 2018

Transitioning Properties from One Property Manager to the Next
From time to time, we all have to bring a new property from one Phoenix property manager to another. If it has not happened to you yet, it will happen at some point. The biggest problem is making this transition smoothly. Unfortunately, some of these transitions happen worse than others. Earlier this year, we had an example of all th...

Monday, June 11, 2018

Property Laws & Regulations Landlords Need to Know When Renting Out a Home in the Phoenix Area
There are a number of laws and rules you have to follow when you’re renting out an income property. It’s a broad subject, and today, we’re talking about a few interesting things that need your attention. We’ll also tell you where to find this information, and how to catch up fast.Fair Housing LawsTreat everybody e...

Monday, May 28, 2018

What Income Property Owners Should Look For in a Phoenix Property Management Company
<br /> There are a few signs which may tell you that it’s time to consider firing your current property manager. You can also use these signs when you’re seeking a professional management company for your rental property. Pay attention to communication, vacancy rates, fees, and credibility. Commun...

Monday, April 30, 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 m...

Sunday, April 29, 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 freq...

Sunday, February 4, 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...

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