Property Management Blog

Monday, May 29, 2017

Should I Rent or Sell My Home? (Part 1)
Selling the property may make sense in some cases, but you may end up missing out on tax benefits. When you rent your home, you are basically using tax-free money to cover the costs of an appreciating asset. If you do your taxes the right way, you can essentially earn tax-free cash from your rental property as it appreciates. If your rent...

Tuesday, May 16, 2017

How to Screen for the Best Tenant for your Phoenix Rental Property | Management Tips
It’s super-important to get good tenants in your rental property who pay rent on time and take care of the home so you don’t have any damage to deal with when they move out. Today, we are sharing a few pointers about screening so you can get the best tenant. Phoenix Property Management: Applicant Pool Make sure you have...

Monday, May 1, 2017

OUR 1ST QUARTER NUMBERS ARE IN!
Days on the market to find a tenant = 10 Days Lease renewal rate to keep your tenant for another year = 73% We are following up on our traditional year-end newsletter we sent to you at the beginning of January. In that letter, we evaluated our company's progress in 2016, highlighted a lot of our strengths and mentioned a couple of plac...

Sunday, February 14, 2016

Why my Property Manager needs to be Additional Insured
Insurance is provided as protection to prevent loss in the event of an unforeseen circumstance. No matter what sphere of insurance you are speaking of, the ultimate goal is immunity. As a Landlord you deserve a sense of wellbeing knowing that your Property Management Company is just as protected as you are. Many homeowners inquire as to...

Thursday, January 28, 2016

Who is living in my house?
A question frequently asked by home owners: “What are your criteria when approving applications?” Service Star Realty realizes placing the right tenant in your rental is one of the most important responsibilities we have as property managers: a good tenant will fulfill their lease term, give proper notice and allow us to plan...

Thursday, January 14, 2016

No Heat Calls
After some research and realizing why we are receiving so many service calls on “No Heat” or “System is blowing cool air” and why most of these calls come in early morning or late nights, I have discovered the process of how the heat pump works: When the outdoor temperature drops below 42 degrees in the valley, ...

Sunday, January 10, 2016

What will make my property rent faster?
Pricing: Yes, this is the obvious one. Pricing needs to be competitive for the specific neighborhood, area of town, or school district. Market analyses needs to consider not only what other homes rented for but also how long it took to rent them out. There are several different pricing techniques, however, Service Star finds that perhaps...

Saturday, January 2, 2016

Designations for Property Managers through NARPM
Do you want some assurances that the property manager you hire has received some focused education and property management experience? Arizona requires property managers to be licensed, but property management education is not a big part of the licensing education. Fortunately there are organizations that offer educational courses and...

Sunday, December 6, 2015

10% For Maintenance
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 factors when you purchase an investment property and can make your investment a success as well as a disaster. Yes, it starts with the home inspection to make sure you will not have any immediate expenses...

Wednesday, April 30, 2014

Having the Proper Insurance for Property Investors
Many real estate investors consider property insurance a necessary expense and while shopping for the lowest rate available, they often overlook what protection they truly need as a Landlord. Landlord policies are more complex and less standardized than Homeowner policies for owner occupied properties. That's why it is crucial that yo...

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