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 …
Continue reading “Property Maintenance that’s Worth the Cost”
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”
Here’s the latest rental activity and trends for the Phoenix Metro area for November 2022… Closed Rental Units: 2,186 (46.32% increase year over year) Median Lease Rate: $2,085 (0.48% decrease year over year) Average Lease Rate: $2,286 (1.06% increase year over year) Average Days on Market: 37 (68.18% increase year over year)
December is a perfect time to reflect on the outgoing year and prepare for the year ahead. If you achieved your property investment goals for 2022, congratulations! Take time to celebrate those milestones and think about how to keep that momentum going into the New Year. But, even if you didn’t achieve your goals, give …
Continue reading “Setting Property Investment Goals for 2023”
In an ideal world, every tenant would pay rent on time, treat their unit with care and respect, and fulfill each lease clause throughout a long, uncomplicated tenancy. But unfortunately, property owners don’t live in an ideal world, nor do their renters. Sometimes a tenant damages property or breaks a lease in a way that …
Continue reading “When Should I be Lenient with my Tenants?”
One of your responsibilities as a rental property owner is to keep your unit well-maintained and up-to-date. But while renovations make your property more attractive to potential tenants, they can also be hard on your budget and cut significantly into revenue. The good news is that not every upgrade comes with a painful price tag. …
Continue reading “How Can I Upgrade my Rental Property Without Breaking the Budget?”
The holiday season brings so much cheer, goodwill, and nostalgia. Even driving down the street feels more festive with reindeer, snowmen, icicles, and more adorning yards and storefronts. But as a rental property owner, the prospect of holiday trimmings can be stress-inducing if you fear that you and your tenant may have very different ideas …
Continue reading “What Holiday Decorating Guidelines Should I Set for My Tenants?”
Here’s the latest rental activity and trends for the Phoenix Metro area for October 2022… Closed Rental Units: 2,182 (42.06% increase year over year) Median Lease Rate: $2,100 (0.00% increase year over year) Average Lease Rate: $2,324 (0.69% increase year over year) Average Days on Market: 33 (65.00% increase year over year)
