by Maureen Laupp | May 11, 2020 | Coronavirus, COVID-19, Landlord, Market Changes, Multi-family, Property Management, Property Manager, Rentals
Even though the COVID-19 pandemic has impacted the economy in many ways, the National Multifamily Housing Council reports that as of May 6th, 80% of apartment households had paid their rent. This may still be 1.5% less than May 2019, but it is over a 2% increase from...
by Maureen Laupp | Apr 28, 2020 | AZREIA, Business Planning, Coronavirus, COVID-19, Fair Housing, Financing, Investing, Landlord, Market Changes, Multi-family, Property Management, Property Manager, Rentals, Strategy
We have all heard the phrase “live in the present and forget about the past,” but rarely do we hear the opposite of that. Currently we are in a challenging situation in regard to managing our properties and are being forced to do things in unfamiliar ways. ...
by Maureen Laupp | Mar 5, 2019 | AZREIA, Did You Know..., Investing, Landlord Tenant Law, Legal Procedures, Property Management, Property Manager, Small Business, Strategy
Question: 60 days before my tenants’ lease expires, I always send a renewal letter telling them what their options are: they can sign a new lease, they can stay on a month-to-month lease at a higher rental rate, or they can terminate their lease. Recently, I sent out...
by Maureen Laupp | Feb 12, 2019 | AZREIA, Did You Know..., Landlord, Legal Procedures, Property Manager, Rentals, Small Business, Strategy
What information can you ask for, and what information should the old landlord provide? In the rental industry, it has become common practice that when landlords qualify potential applicants, they send out rental verification forms to previous landlords. This is a...
by Maureen Laupp | Dec 20, 2018 | AZREIA, Creative, Did You Know..., Investing, Landlord, Landlord Tenant Law, Legal Procedures, Property Management, Property Manager, Rentals, Strategy, Zona Law Group
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...
by Maureen Laupp | Dec 13, 2018 | AZREIA, Did You Know..., Landlord Tenant Law, Legal Procedures, Property Manager, Rentals, Small Business, Zona Law Group
Question: My tenant moved into my single-family home four months ago and still has not put the utilities in their name, as required by the lease. Can I shut off the power? Answer: In Arizona, there is never a situation where the owner can turn off the power. Under...
by Maureen Laupp | Nov 27, 2018 | AZREIA, Did You Know..., Investing, Landlord, Landlord Tenant Law, Legal Procedures, Property Management, Property Manager, Rentals, Strategy, Zona Law Group
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...
by Maureen Laupp | Nov 13, 2018 | AZREIA, Creative, Did You Know..., Investing, Landlord, Property Manager, Rentals, Strategy
More than three-quarters of Americans now view renting as more affordable than owning a home, the latest sign that rising mortgage rates and higher home prices will continue to pressure home sales. Some 78% of people now say that renting is more affordable than...
by Maureen Laupp | Sep 13, 2018 | AZREIA, Creative, Did You Know..., Fix and Flip, Investing, Lender and Bank Practices, Property Manager, Rentals
Renovation Financing Did you know that PrimeLending has over 18 diverse types of renovation financing available for primary, second, and even investment homes? Most traditional mortgage companies try to stay away from the complexity of renovation financing because of...
by Maureen Laupp | Aug 30, 2018 | Did You Know..., Investing, Landlord, Landlord Tenant Law, Legal Procedures, Property Manager, Zona Law Group
Q: When I send out my security deposit accounting to a tenant, am I required to include all of the invoices I have for the work done? A: This is a common question we get. You are not legally obligated to send the invoices with the security deposit accounting after...