Property Management Blog

Thursday, June 7, 2018

Are you ready for the rental market of the future?
Technology continues to quickly make inroads into today's property management world. It is no longer enough to simply list your rental properties with your local MLS, Zillow and Trulia as you wait for renters to find you. Technology and the changing expectations of millennials is driving more change in Phoenix property management. Whi...

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...

Saturday, May 26, 2018

Determining Proration Amounts
One of the things your Phoenix property management has to deal with after a tenant moves out is the security deposit. Some of the charges are clear like an uncut lawn or a stove with missing drip pans. Other problems require more work. For these charges, our property management team uses a technique known as proration. Proration l...

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...

Tuesday, February 6, 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. Currently, the real estate predictions for 2018 indicate that Phoenix could enjoy a fairly normal year when it c...

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, November 13, 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.Tenant PlacementThe first step is to place the correct tenant in the property. You don’t want to lease your home to jus...

Monday, October 30, 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 pe...

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