Property Management Blog

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...

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 ...

Tuesday, October 10, 2017

New Tenant Home Buying Program
Service Star Realty has created an innovative, new program to help tenants, investors and everyone involved. The innovative new program required extra focus to come to life, so we brought Richard Noeltner on to our team of realtors. He will be exclusively focused on making, running and implementing this program within our property managem...

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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