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Does your Property Manager Protect your Rental Property?
Do you or your property manager have preventative measures in place to protect your very valuable rental property? Today I wanted to discuss Air Conditioners and in particular condensation drains. The air conditioners job is pretty straight forward, it simply takes incoming air that travels through an air filter, cools it, and returns it to…
Read MoreShould 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 MoreQuestions 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 MoreTips on Finding Great Tenants
Let me start by saying tenants get a bad wrap, or maybe are stereotyped for being somehow not as worthy or good as homeowners which creates fear amongst owners. Stereotyped as dirty, mean, won’t pay rent, will damage the property, etc.. Sure, it happens, but more often than not they are great, pleasant people, especially…
Read MoreIf 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 MoreNew 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 MorePhoenix West Valley Real Estate Market Report
For this of you that own properties in the west valley, here is a nice report showing what has ben happening in the real estate market. Additionally, our sales team did a great blog on the current market that is worth a read, you can find it here: http://www.jennifersanchezteam.com/market-conditions/5-trends-we-are-seeing-in-our-real-estate-market/
Read MoreHow 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 MoreProtect Yourself with a Property Manager
There are many reasons why you should use a property manager but in this blog I simply want to discuss one of them. Take a look at the image here on this page. I received this the other day regarding a property I have for lease that is being marketed online through many sources. As…
Read MoreEviction Process Q&A
One of the biggest benefits, other than finding good quality tenants is aligning yourself with a property management company familiar with the eviction laws and process. Disclaimer… I/we are not attorneys and this blog should not be construed as legal advise. We do however have some of the best attorneys in the state that work…
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