Surprises in life appear in many forms. Traffic accidents, natural disasters or wedding anniversaries…. In many cases, one cannot anticipate or plan for things they are not expecting. The same holds true for property management. Based upon personal experience as well as the experience of others, here are a few surprises many of our investors/landlords [...]
Maintenance can be difficult to plan for with residential homes. Vandalism, inclement weather, irresponsible tenants, poor installation/repair and time make it unclear when components of a home will need serviced. Although one cannot foresee everything that could go wrong with a home, it is important for landlords to understand their responsibilities to maintain their investment [...]
The number of rental properties in the Phoenix area continues to climb as investors show no signs of slowing down their acquisition appetites. A combination of strict lender requirements and ongoing trustee sales have decreased homeownership percentages. Investors are, in many cases paying cash for these real properties and then leasing them back to residents [...]
The year 2009 was when Arizona attracted many investors to purchase homes through trustee sales. Three years later, companies bidding for investors have fine tuned their processes and streamlined their efficiencies in order to make things extremely competitive when purchasing properties this way. One of the more challenging aspects in this approach is estimating the [...]
It is no secret; investors are coming to Arizona to purchase rental properties. While each may be acquiring property for different reasons (future primary residence, vacation home, investment home) most share a common goal; find great tenants as quickly as possible. Here are some 3 lessons I have learned in the last couple of months [...]
With the astounding volume of foreclosures in 2011, the population of tenants continues to increase. According to an article in propertymanager.com1, NAR claims that vacancy rates will drop from 5.0% in the 4th quarter of 2011 to 4.3% in the 4th quarter of 2012 in the multi family housing sector. The same article also states [...]