It can be tricky to determine how much to rent your Phoenix house for, no matter how experienced you are. After all, if you ask for too much, you risk extending a vacancy and having no tenants willing to pay up. But if you ask for too little, you risk selling yourself short and not … Continue reading “How Much Can I Rent My House for in Phoenix, AZ?”
Tenant screening is a vital part of running a successful rental property business. After all, the rent your tenants pay each month is where your money comes from. If they don’t pay, you don’t get paid. Worse yet, if they damage your property, you could end up in a time-consuming legal battle trying to recoup … Continue reading “8 Warning Signs You Should Never Ignore During Tenant Screening”
One of the most important things property management companies in Phoenix recommend landlords do is collect a security deposit. Though not required by law, a security deposit protects you from costly expenses should your tenant fail to pay rent or damage your property. And trust us, all property management companies in Phoenix will tell you … Continue reading “5 Reasons Every Landlord Should Collect a Security Deposit”
Self-managing a Phoenix rental property is often a lot more work than owners expect. In fact, managing your rental may be so much work that you’ve considered looking into property managers in Phoenix. If this is the case, it’s a good idea to find out exactly what a property manager handles first. After all, not … Continue reading “7 Important Responsibilities Property Managers in Phoenix Can Help Landlords With”
Property owners near Chandler, AZ (or anywhere else for that matter) never want to deal with vacancies. After all, any time your investment property is empty, you lose money. But the truth is, vacant properties are a part of the rental property business. And dealing with them is your responsibility. That said, you don’t have … Continue reading “How to Market Your Vacant Rental Property – Top 5 Tips”
Having a universal lease agreement you use with every tenant sure makes things a lot easier. This is especially true if you self-manage your rental property and already have a lot on your plate. Plus, if you’re in a rush to fill a vacancy, it can be tempting to print out a lease agreement template … Continue reading “The 4 Most Common Rental Agreement Mistakes Landlords Make”
One of the worst things that can happen to a landlord trying to run a profitable income property business is to have a non-paying tenant. When this happens, your Phoenix property manager must start the eviction process. And this can take months to resolve. Meanwhile, you’re not collecting rent and aren’t able to place a … Continue reading “What to Do If Your Tenant Files for Bankruptcy in Phoenix”
Investing in a rental property has the potential to generate a lot of positive cash flow for you. But only if you successfully collect the rent each month. That’s why establishing a consistent process for collecting rent from your tenants is crucial to your success as a landlord. The easier you make it for your … Continue reading “Getting Paid: How to Collect Rent from Your Mesa, AZ Tenants”
Becoming a Phoenix landlord isn’t a hobby, it’s a way to make money. And if you do it right, owning rental property has the potential to net a steady, passive income that you can rely on. Unfortunately, many landlords make costly mistakes that dip into their profits and hurt them financially. Whether you’re new to … Continue reading “These 7 Mistakes Are Costing Phoenix Landlords Big Time”
The way you welcome new tenants into your rental property can set the tone for the rest of the lease term. After all, you want your tenants to feel like they matter as they move into what they’ll now be calling home. Up until now, you’ve looked deep into your tenant’s life. You’ve asked for … Continue reading “How to Create a Welcome Package Your Tenants Will Remember”
