Should I Accept a Partial Payment from my Tenant?
This is a loaded question, the answer is maybe. The problem with accepting a partial payment is that you cannot then turn around and evict them, at least immediately. Example, you accept $500 on the 4th of the month and then try to evict on the 20th. If the tenant shows up in court the…Read More
Questions to ask your Property Manager
If you are considering a property manager there are things you should consider and look at beyond the fee that they charge. Just like any other industry, there are good, bad, and everything in between. Some place their value on a ultra low price and some pride themselves as a quality service and charge accordingly.…Read More
If you Own a Rental Property you may be Subject to Transaction Privilege Tax
I attended a meeting yesterday with fellow NARPM (National Association of Residential Property Managers) members and the AZ Department of Revenue where they discussed the upcoming TPT (Transaction Privilege Tax) filing and licensing changes. First, this is a boring subject for most so I will keep it short and sweet with bullet points on what…Read More
New Tax Implications Favorable for Investors
The following article was presented to ARMLS members on 11/15/17, with tax debates underway and changes likely, I thought it was worth sharing. As it stands the changes look good for Arizona, investors and renters. There have been numerous articles written over the past week about the new tax implications. In his daily observations…Read More
Common Ways Landlords Fail
This business is easy to succeed but also easy to fail. As a professional property manager I see a common theme among some landlords that maybe should be using a property manager instead of trying to handle it themselves. Here is a short list of common fails. But we are also solution oriented so I…Read More
How Hard is it to Transfer my Property to a Property Manager?
We are asked how hard is it to transfer my property to a Property Manager fairly often. Simply put it is not hard at all but the process is a little different depending on what your situation is. Here are a couple scenarios and how we go about handling the transfer. If you have a…Read More
Property Management Strategies to Maximize your ROI
Whether you use a property management company or not there are property management strategies to maximize your ROI. Even if you are a owner managing your own property I encourage you to consider these items. First is to limit turnover. The idea here is to find great tenants that are happy and want to stay…Read More
Red Flags of a Problem Tenant
The idea is to identify the red flags of problem tenant so you don’t end up in a long lease with a tenant that will cause you unnecessary headaches. One of the benefits of hiring a property manager is we get lots of experience dealing with problem tenants and our experience allows us to minimize…Read More
Trouble with my Tenants what do I do?
We often receive inquiries from owners that are self-managing their properties and are having trouble with their tenants. All is well and good until something goes astray and then it’s a mess of the owner. Maybe it’s a maintenance item, or a tenant that does not pay, a crime committed on the property, etc. There…Read More
Why Should I Hire a Property Manager?
There are many reasons why a professional property manager is imperative to your long term investment. Here are just a few items that should be considered when trying to decide whether you should hire a property manager or self-manage your property. If you look at all these items, there’s a dollar figure that can be…Read More