Costs That Landlords Don’t Notice They’re Accruing
Being a landlord comes with a myriad of responsibilities and financial considerations. While most landlords are aware of typical expenses such as property maintenance, insurance, and taxes, there are several hidden costs that often go unnoticed. These lesser-known expenses that landlords may unintentionally incur can greatly impact a...
Why Single-Family Homes Are Best for New Investors
Purchasing a rental property as a new investor can be as exciting as it is daunting. While you may be eager to get started, it can also be tricky to know what kind of property to invest in first. In our opinion, the smartest investment for any new rental property owner is a single-family home. Although multi-family properties can be...
Why You Should Invest in Real Estate over the Stock Market
When it comes to investments, each one is going to have different results and levels of risk and commitment involved. Choosing the best option can help you increase your annual income in addition to making you more financially stable. But which one should you commit to? Today, there is a wide variety of investments available to cho...
Is a Month-to-Month Lease Better for Landlords?
Finding the right leasing agreement for your rental property can be challenging as a landlord. While traditional yearly leases are often the norm, another option has been gaining popularity in recent years: month-to-month leases. These agreements allow tenants to rent a property month-by-month, with no long-term commitment required. ...
How Do Real Estate Investment Trusts (REITS) Help Property Investors in Phoenix, AZ?
A Real Estate Investment Trust, commonly referred to as a REIT, is a company that owns or finances real estate across a broad portfolio. To qualify as a REIT, the company will have to meet several requirements. These companies can offer a number of benefits to Phoenix investors who want to grow their portfolio or even get started in real ...
How to Know if Your Rental Meets Safety Standards
As a landlord, you have a responsibility to ensure that your rental property is safe and secure for your tenants. Not only is it your legal obligation, but it is also the right thing to do. However, with so many safety standards to adhere to, it can be challenging to know where to start. From electrical wiring to fire safety measures...
How to Calculate the ROI of Your Phoenix Property Investment
High return on investment (ROI) is the ultimate goal of any real estate investment, whether it is a residential property, a commercial unit, or a vacation rental. It indicates the amount of money you earn after deducting associated costs. Calculating ROI is important as it helps you understand the earning potential of your properties and ...
Why Pet Screening Is Always a Good Idea
It seems everywhere we go nowadays, we see people bringing along their pets. It is no wonder then that the demand for pet-friendly rental homes has skyrocketed. If you are a full-time landlord, it would be profitable to welcome tenants with pets. Remaining flexible and practicing an open pet policy can increase your rental earning.Wi...
How to Transition from Part-Time to Full-Time Landlord
In the beginning, you may have decided to become a part-time landlord to gauge how you liked it. You may now want to shift from being a part-time to being a full-time landlord. Check out this article to find out how to make the transition.What are the Pros of Being a Full-Time Landlord?Not everybody is comfortable handling the responsibil...
How to Handle the Sale of a Tenant-Occupied Rental Investment in Phoenix, AZ
The Phoenix rental market is a thriving seller’s market, and you might want to sell your rental property for several reasons. However, handling the sale of the property can be tricky and awkward when your renters are still residing there.At Service Star Realty, we have over 60 years of combined experience during which we have helped...
