Property Manager

NMHC Rent Payment Tracker Finds 80.2 Percent of Apartment Households Paid Rent as of May 6

2020-05-11T21:01:16+00:00May 11th, 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 April 6th, 2020. [CONTINUE READING] The NMHC [...]

Successfully Using the Past to Manage in the Present

2020-04-28T16:34:24+00:00April 28th, 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.  Social distancing has changed the way we show [...]

Legally Speaking…

2019-03-01T16:22:53+00:00March 5th, 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 one of these letters but then started [...]

Rental Verification – When COURTESY Creates LIABILITY

2019-03-05T23:43:58+00:00February 12th, 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 good way to get some insight into how the applicant will be as a [...]

THE APPLICATION STANDARD IS YOUR FRIEND

2020-05-18T18:09:15+00:00December 20th, 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 they can do, to avoid violating fair housing [...]

Legally Speaking…

2020-05-18T18:09:53+00:00December 13th, 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 Arizona law, you should serve a [...]