Author: Rentals America

Here’s the latest rental activity and trends for the Phoenix Metro area for August 2021… Closed Rental Units: 1,087 (47.23% decrease year over year) Median Lease Rate: $2,100 (20.48% increase year over year) Average Lease Rate: $2,265 (16.93% increase year over year) Average Days on Market: 18 (28% decrease year over year)

The property rental business can be both profitable and rewarding. But either of those hoped-for scenarios will only become a reality for the well-informed landlord. Being fully educated on the laws that govern the rental property industry and the rights of tenants is the first step to success in this business. Step two will be …

Continue reading “Must-Know Renters’ Rights for Every Landlord”

The residential lease has an important task to fulfill. As a legal contract, it should outline the terms and conditions and obligations that will govern the landlord/tenant relationship.    The lease or rental agreement must contain “the basics,” including—  A description of the property  The names of the occupants  The terms of the lease   The monthly …

Continue reading “The Rental Lease: Security in the Details”

On Thursday (August 26th, 2021), the U.S. Supreme Court invalidated the CDC eviction moratorium.  The underlying case was originally filed The Alabama Association of Realtors and contended that the CDC eviction moratorium was unconstitutional.  The case will now go through a slow appeal process, but during that time the eviction moratorium cannot be enforced. Here …

Continue reading “US Supreme Court Ends CDC Eviction Moratorium”

According to TownSteel, 2020 found 40% of Americans are implementing smart home devices, and more than 60% wanted to expand their current setup. This desire for smart connection is not limited to homeowners. Smart home features that help lower their utilities, increase their security, and make life more convenient are a big draw for tenants. They want the option to control …

Continue reading “Is Your Rental Property A Smart Home?”

It’s one of the downsides to owning rental properties. Sometimes tenants move out without cleaning out. Of course, you want to have the residence in tip-top shape and rented to a new tenant as soon as possible. So, what do you do with all the stuff?  Multiple Choice Pop Quiz:  A. It’s all junk – take it …

Continue reading “When Tenants Leave Personal Property Behind”

Here’s the latest rental activity and trends for the Phoenix Metro area for July 2021… Closed Rental Units: 1,938 (14.78% decrease year over year) Median Lease Rate: $2,000 (17.72% increase year over year) Average Lease Rate: $2,207 (16.96% increase year over year) Average Days on Market: 16 (38.46% decrease year over year)

Of course, you have your rental property covered on your homeowner’s insurance policy. That’s a given. But should tenants also carry renter’s insurance?  While many tenants and even a few landlords believe that the homeowner’s policy also covers the tenant’s personal possessions, that is not the case. Unfortunately, this fact often becomes painfully clear only after a mishap or disaster produces a claim that will not …

Continue reading “Renter’s Insurance: Yay or Nay?”

“Substantial wealth is possible through real estate investing. It is the single best way I know of to build wealth, and the BRRRR method is the single best way I know how to do it.”  That’s the advice from David M. Greene, author of the book we’re reviewing today. If you’re interested in successful real …

Continue reading “Book Review: Buy, Rehab, Rent, Refinance, Repeat (BRRRR) by David M Greene”

 Late yesterday (August 3, 2021), the Centers for Disease Control (CDC) issued a new eviction moratorium effective immediately and running through October 3, 2021.  Although this is a new moratorium, it basically matches the previously moratoriums with a small change regarding the spread of COVID-19 within counties. It applies to those counties that are considered …

Continue reading “CDC Issues New Eviction Moratorium”