Mold is difficult to detect, expensive to remove, and is responsible for a myriad of health issues. The silent cause of damage to structures and a host of symptoms and health concerns. Landlords are compelled to offer dwellings free of health hazards, including the presence of mold. If left unchecked, the harm mold inflicts …
Mold Prevention Tips for Landlords
A Great Day at Community Food Bank
The Rentals America Tucson team recently volunteered at Community Food Bank of Southern Arizona. The team filled 2800 food bags, breaking a record! If you would like to donate or learn more about Community Food Bank of Southern Arizona, please visit www.CommunityFoodBank.org About Community Food Bank The Community Food Bank of Southern Arizona responds to the …
The Pros and Cons of Renting to College Students
Many a rental property owner comes face to face with the question: Should I rent to college students? For some, the very thought conjures images of loud, late-night parties and disorderly conduct. Others might offer property destruction and late rent payments as cause for steering clear of student tenants. Even though these commonly held notions …
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Rentals America Returns to United Food Bank
The Rentals America Cares volunteer team was happy return to United Food Bank on March 16th to help sort food donations. We had a great time and packed nearly 8,000 pounds of food! Cedric, one of the volunteer leaders, shared several personal stories about his experience with United and Feeding America. It was great to …
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February 2022 Rental Market Update
Here’s the latest rental activity and trends for the Phoenix Metro area for February 2022… Closed Rental Units: 1,812 (13.61% increase year over year) Median Lease Rate: $2,100 (19.66% increase year over year) Average Lease Rate: $2,270 (20.30% increase year over year) Average Days on Market: 25 (7.41% decrease year over year)
Tips for Determining How Much Rent to Charge
Both first-time and experienced landlords face the dilemma of establishing rental prices for their property. Set the rent too high, and units will sit empty, earning nothing while still accumulating expenses via utilities, taxes, insurance, etc. Charge too little in rent, and red ink will dominate your profit and loss statement again. The prospect of …
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What Happens When a Tenant Dies?
Yes . . . What does happen? Some landlords have never considered facing that situation, while other property owners consciously choose not to think about that scenario. Still, all would have to admit that it’s better to be prepared than to be caught off guard. So, how about we dive into answering that very question. …
Book Review: What Every Real Estate Investor Needs to Know About Cash Flow . . .And 36 other Key Financial Measures – Frank Gallinelli
If you are a real estate investor, this is the book! As one reader says, “It’s a must-have reference for anyone from new to seasoned investors.” Gallinelli divides his book into two parts. In part one – Chapters 1-6, Gallinelli discusses the various topics investors need to understand. In chapters one and two, we discover how …
January 2022 Rental Market Update
Here’s the latest rental activity and trends for the Phoenix Metro area for January 2022… Closed Rental Units: 1,513 (6.20% decrease year over year) Median Lease Rate: $2,100 (23.53% increase year over year) Average Lease Rate: $2,306 (22.53% increase year over year) Average Days on Market: 26 (13.04% increase year over year)
4 Tips for Keeping Tenants Happy
FACT: Empty rental units do not make money -they cost money in lost revenue and new-tenant renovation/improvement costs. In addition, they can eat up big chunks of a landlord’s time. Long-term tenants are the key to increasing revenue and profitability. Period. But how to achieve tenant longevity is the question. Some of the reasons tenants …
