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 …
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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 …
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 …
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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 …
“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 …
So, you just received an email from your tenant. He is renting your single-family unit and plans to stay but wants more storage space for lawn care items, outdoor furniture, and toys. Should you accommodate your tenant? Does this mean you can increase the rent? What if you install it, and then they move out – leaving it full of junk? …
Continue reading “Should Landlords Invest in a Storage Shed? Yes or No…”
Here’s the latest rental activity and trends for the Phoenix Metro area for June 2021… Closed Rental Units: 1,700 (20.34% decrease year over year) Median Lease Rate: $1,975 (17.91% increase year over year) Average Lease Rate: $2,154 (17.13% increase year over year) Average Days on Market: 17 (41.38% decrease year over year) About Rentals America Rentals America provides full-service …
If a tenant pays the rent on time, takes care of the property, obeys the rules, and adheres to the lease agreement, of course, you want that tenant to stay long-term. It’s a no-brainer. After all, only occupied rental units make money, and finding new tenants costs time and money while creating a lot of hassle …
Continue reading “5 Tips to Encourage Tenants to Renew Their Lease ”
