Property Management Blog

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...

Monday, September 18, 2017

5 Ways to Make Money from Your Phoenix Real Estate | Rental Property Investment Advice
People invest in Phoenix real estate because it provides multiple ways to make money. Today, we’re talking about the five revenue streams a real estate investment can offer.Achieving Cash FlowMany people see cash flow as the main goal of property investment. They want to be sure the investment pays for itself and provides a monthly...

Monday, September 4, 2017

How to Handle a Security Deposit for Rental Properties
When you’re managing a tenant’s security deposit, you want to protect the condition of your property while avoiding a dispute with the tenants about how much is owed to them. The best way to prevent any disputes is by setting great expectations that are clear, to the point and are in writing.Document Property ConditionCreate ...

Monday, August 21, 2017

Cash Flow 101: Key Differentiators of Positive and Negative Cash Flow on Phoenix Rental Properties
A lot of investors have purchased properties back at the top of the market with negative cash flow. You might be wondering about how that negative cash flow affects you, and if the property is still a good investment. Yes, properties with negative cash flow can still be good investments. Today, we’re talking about positive versus n...

Tuesday, August 15, 2017

How You Should Market Your Rental Property | Ask the Property Management Expert
The members of today’s society are part of an instant gratification type of group. To effectively market your property and find a tenant, you need to be online. About 90 percent of all people look for rentals online. It’s not like the old days, where you put an ad in the newspaper.Property Management Phoenix: Online Advertisi...

Monday, August 7, 2017

Is It a Good Deal? Tips to Consider When Buying Investment Property in Phoenix, AZ
When you want to know if a property you’re thinking about buying is a good deal, you need to first consider your goals. The deals you’re looking for will depend on whether you need a lot of cash flow or if you’re earning a good income and you want to focus on appreciation for your retirement later in life. As a company ...

Monday, August 7, 2017

Preparation is Key in Handling Maintenance
Summer is very busy in the maintenance department here at Service Star Realty: repairs are on the rise with the AC system under duress, pool equipment running twice as long, and this can be of concern. How much do you as an investor need to budget on repairs and maintenance of your rental home? This can be one of the biggest unforeseen fa...

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