A fixed-term lease is typically the norm for landlords and tenants entering a rental agreement — and for a good reason. Landlords appreciate a stable rental income, and tenants usually want to settle into a homey unit for more than a month or two. But month-to-month leases also hold an important place in the property …
Continue reading “What are the Pros and Cons of a Month-to-Month Lease?”
Your rental property is cleaned and spruced up. Finally, you’re ready for a tenant to move in and start producing a steady stream of income for you. But how do you reach potential tenants to let them know your unit is available? Here are some ways to get the word out. Classic Signage: While physical …
Continue reading “Where Should I Advertise my Rental Property?”
Whether or not stated, every rental agreement contains an implied covenant of quiet enjoyment. The promise is implied because it’s a fundamental tenant right under state law and can’t be waived, no matter what is specified in the lease. There is often confusion as to what quiet enjoyment actually means though. Let’s take a closer …
The White House has published a memorandum entitled “Blueprint for a Renters Bill of Rights“. While the Blueprint does not create any new law, it does set forth certain actions that federal agencies intend to take regarding landlord-tenant matters. Assuming property owners and managers are already following the law as written, no immediate changes are …
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Here’s the latest rental activity and trends for the Phoenix Metro area for December 2022… Closed Rental Units: 2,131 (40.91% increase year over year) Median Lease Rate: $2,020 (3.12% decrease year over year) Average Lease Rate: $2,280 (1.74% increase year over year) Average Days on Market: 41 (70.83% increase year over year)
Theft is a scary prospect for landlords and tenants alike. Beyond the loss of valuables and the hassle of replacing doors or locks, an intrusion compromises safety and violates a person’s feelings of protection and well-being in their home. So what security improvements will make a burglary less likely on your rental property? Here are …
Continue reading “How Can I Theft-Proof my Rental Property?”
A screening process with minimum requirements for income, rental history, or credit score is one of the best ways landlords can secure tenants who can pay rent on time. But what about situations where a potential renter doesn’t quite meet those standards but would otherwise make a great tenant? Or what if a tenant lacks …
Continue reading “What is the Difference Between a Guarantor and a Cosigner?”
Property maintenance: a subject that often causes grumbling among landlords, and with good reason! Keeping a property in good repair requires significant time, work, and money, and your efforts can feel futile if tenants aren’t appreciative or fail to take good care of the unit themselves. But despite the drawbacks, maintenance is a necessary extension …
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The Rentals America Cares volunteer team packed about 1,300 emergency food bags on December 12th. The food drive was also a success thanks to donations from Quality Stucco, Turn Pros, Saenz Maintenance, Tibbitt’s Pools, and AC Rangers. We collected nearly 200 boxes or cereal and 100 jars of peanut butter! In addition to that, the …
As a caring, responsible landlord, the safety of your tenants is a high priority. Maintaining high safety standards will not only allow your tenant to enjoy the unit they’ve rented in peace and security but will also go a long way toward preventing property damage and protecting you from legal claims. But before stressing the …
Continue reading “Establishing Safety Guidelines with your Tenants”
