Going into the new year, just about everyone has heard the big news: The real estate market is slowing down. Crazy annual price spikes are waning, more properties are hitting the market, and there are fewer buyers to compete with. Everyone is wondering what that means for 2019. Will all long-frustrated, aspiring homeowners finally be able crack open […]
Over the years, we at WZP Legal, have presented at AZREIA and written numerous articles for this newsletter, about the importance of fair housing laws. Whenever we give a presentation, AZREIA members come to us with a “quick question” and ask us what is the best thing they can do, to avoid violating fair housing […]
Rising construction costs and a tight labor market are slowing a nearly decade long apartment boom…
….likely easing a burgeoning glut at the top end of the market that has been forming across the U.S. Multifamily building permits have fallen each month since March, according to federal data. That type of slowdown suggests there should be […]
Question: My lease automatically goes month-to-month when it expires, unless the tenant or I give notice. If I want to increase the rent, what do I have to do?
Answer: An increase in the rent, is basically you terminating the old lease, and starting a new one, using all the old terms except for increasing the […]
Landlords often participate in Section 8 or other subsidized rent programs. They figure that jumping through the extra red tape and government regulations, is worth getting their funds guaranteed on the first of the month. We generally don’t take a position on whether clients should participate in Section 8 or not, or any other subsidized […]
As a rental property investor, you need to have a working knowledge of many different subjects. You may not have to become an expert, but it is good to have a basic understanding when it comes to roofing, landscaping, plumbing, electrical, HVAC, taxes, insurance, and of course, the Arizona Landlord-Tenant Act. While a really great […]