Landlords often devote most of their time to a small percentage of their tenants. Whether these renters are endlessly complaining, asking for rent extensions, or requesting maintenance at night, a demanding tenant drains your financial and emotional resources. Here are some ideas for improving your interactions with these challenging renters: Listen to understand. Open communication …
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The rental market can be unpredictable. Some available units fill almost instantly one year, while vacancies sit open for months the following year. However, rental properties are only beneficial investments if they’re occupied by rent-paying tenants, so a tough market may require extra effort and creativity. 7 tips to make your unit stand out Rental …
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Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – June 2024 Typical Rent: $1,889 (1.1% increase year over year) Single Family: $2,341 (2.4% increase year over year) Multifamily: $1,631(0.1% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – United …
Getting started as a landlord can be intimidating as you navigate maintaining a rental property while working with individual tenants. There’s also enough new terminology to make anyone’s head spin! Read on for the definitions of twenty common real estate expressions to get you started. Abatement is a lease term or legal provision allowing a …
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No one wants to live in a smelly home, and tenants are no exception. Foul odors in a rental unit can originate from many sources including smoke, pet accidents, mold, and burnt food. But unless a landlord removes all traces of these foul smells, he’ll struggle to secure a new renter. So, how can you …
What Is a Landlord’s Responsibility When Someone Gets Injured on His Rental Property? Injuries can happen anywhere. Potential risks abound, from slippery sidewalks to falling tree branches to loose railings. But when injuries occur on a rental property, responsibility gets murky. The landlord’s duty to provide a habitable unit includes keeping the property structurally sound. …
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – May 2024 Typical Rent: $1,895 (1.0% increase year over year) Single Family: $2,330 (2.2% increase year over year) Multifamily: $1,638(0.0% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – United …
While preventative maintenance minimizes rental unit repairs, property damage will inevitably occur. At a minimum, landlords must ensure their rental units are safe and habitable. Yet, many leases and laws invoke a higher standard. So, when a tenant submits a repair request, how quickly must a landlord handle it? Unfortunately, no blanket response covers all …
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If you own rental properties to earn passive income, The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom will be helpful! The author, Justin Donald, built his wealth through a series of passive investments and now shares his secrets via his books and Lifestyle Investor podcast. The Lifestyle …
As property values rise nationwide, property taxes continue to keep pace. While tax rates vary, a property’s assessed value heavily influences the property tax equation. Every jurisdiction has an appeal to handle inaccurate property assessments, but simply wanting a lower tax bill isn’t sufficient to file an appeal. So, when should you file a property …
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