Inside Pack your “inspection kit.” Include a small tub of spackling, putty knife, marker and labels, small, lightweight electrical item, notepad, and pen. Go through and clean the rental – this is a fast clean to make repairs and maintenance easier. We’ll discuss a final professional cleaning later. Complete a thorough examination –starting at the front door and …
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Summer is coming soon, and the heat is rising in the Southwest. Preparing now will save you much landlord stress later. Of course, high on the list is ensuring your AC is ready to beat the heat waves. Have your ductwork professionally cleaned. It not only improves airflow, which cuts down on utility costs, but …
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Rentals America celebrates Earth Day every day. We care deeply about the communities we serve and the planet as a whole. We are a proud CarbonFree Corporate Partner with Carbonfund.org. We are committed to sustainability and reducing our environmental impact whenever possible. As you can imagine, our team members drive quite a bit to keep …
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Here’s the latest rental activity and trends for the Phoenix Metro area for March 2021… Closed Rental Units: 1,687 (5.38% decrease year over year) Median Lease Rate: $1,799 (12.44% increase year over year) Average Lease Rate: $1,929 (9.66% increase year over year) Average Days on Market: 23 (3.57% decrease year over year)
One of the essential principles to successful real estate investment is learning about it before jumping on board. You don’t dive into a pool without knowing the water depth. Neither should you dive into the rental property market without seeking expert advice. There are, of course, multiple sources, but one that we highly recommend is the book Building Wealth One House at …
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When someone owns a business, they typically say their customers are their boss, and 5-star customer service is the key to company growth. The same principle applies when you are a landlord. The best way to engage and then retain great tenants, thereby keeping your investment producing cash flow, is to deliver top-notch customer service to your tenants. In …
Building a portfolio of rental properties is a step toward financial security. However, it is not as simple as just buying one property, and then another, and another . . . A well-developed portfolio begins with a specific financial goal and an organized plan to achieve it. For example, Zach has three children. The oldest one …
Here’s the latest rental activity and trends for the Phoenix Metro area for February 2021… Closed Rental Units: 1,595 (8.86% decrease year over year) Median Lease Rate: $1,755 (13.23% increase year over year) Average Lease Rate: $1,887 (9.90% increase year over year) Average Days on Market: 27 (3.57% decrease year over year)
The issue at hand– You have a chunk of money (perhaps you received an inheritance, an annuity matured, you sold an asset, etc.), or you have a monthly increase (a raise, a debt paid, a rental property mortgage paid off). The question– Should I pay down/off my home mortgage, pay off a current rental property mortgage, or invest in …
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In previous articles, we discussed tax deductions for landlords and repairs vs. improvements. Today we‘ll offer insight into ‘safe harbors.‘ The IRS offers three variations, which can help landlords sidestep the “Is this a repair or an improvement issue.“ Safe harbor for small taxpayers Safe harbor for routine maintenance De Minimis safe harbor Safe Harbor for Small Taxpayers (SHST) The SHST permits …
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