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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 18, 2018

Which is Better for Phoenix Property Owners – Getting the Highest Rent or the Most Income?
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...

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, 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...

Monday, November 27, 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 th...

Monday, October 16, 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.Rent Ready PropertyMake sure your property looks its best when you’re preparing for showings. If your property is not looking its best, it will sit on the market and get stale. After too man...

Tuesday, October 10, 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. We do increase rents every time we lease a property or renew the lease but we ...

Monday, October 2, 2017

What Questions to Ask When You Hire a Property Manager in Phoenix, AZ
When you’re looking for property management in Phoenix, there are a few important questions you can ask that will make a difference. Today, we’re helping you make a good decision by sharing some of the types of questions that will be helpful to you. It is a big decision as your property manager will be taking care of your inv...

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