Investing in home rentals has proven to be a well-chosen source of passive income. With that rent check, however, also comes responsibilities. Add them to a schedule already filled with your day job, civic commitments, and time with family and friends, and life can get hectic. Learning to manage your time well is no longer …
Time Management
Making Your Rental – Your Home
Renting a home, townhouse, or condo has many appealing aspects. Renters get to save on upkeep and recurring expenses, taxes, insurance, and maintenance. They have less responsibility, greater flexibility, and aren’t as impacted by fluctuating real estate as property owners. On the other hand, renters have rules to follow – particularly on what they can …
February 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for February 2020… Closed Rental Units: 1,750 (1.98% increase year over year) Median Lease Rate: $1,550 (3.68% increase year over year) Average Lease Rate: $1,717 (4.89% increase year over year) Average Days on Market: 28 (3.6% decrease year over year) Rentals America provides full-service property management for residential …
Spring Check-Up
Spring in Phoenix – where the weather is great, swimming, golf, and hiking are high on the list, and baseball comes out swinging – not to mention blooming cacti and wildflowers. Life is more than playing, however, and as a rental property owner, it’s time to check off the Springtime maintenance list. Interior Check-up: Schedule time …
Budgeting to Thrive in Your Rental Property Investments
Setting a budget can be challenging. If you’ve invested in rental properties, it’s a critical component for turning a profit. The key is to have a solid understanding of all potential expenses – the expected and the little surprises; the major and the minor ones that can mess with your numbers. Fixed Expenses: Some of these …
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January 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for January 2020… Closed Rental Units: 1,701 (1.49% increase year over year) Median Lease Rate: $1,550 (5.08% increase year over year) Average Lease Rate: $1,742 (4.81% increase year over year) Average Days on Market: 34 (6.25% increase year over year)
Managing the Cost of Maintenance
Investing in a rental property can be a sound investment, but purchasing the property and finding tenants is only the beginning. Properties require upkeep, inside and out, to keep a smooth-running successful business model. By planning and taking preventative steps, property owners can keep costs to a reasonable level. Consider the following crucial areas with …
Give Your Tenants a Valentine
In today’s market, customer service and appreciation are essential pillars of rock-star businesses. It can make all the difference between merely surviving or thriving. For landlords, your tenants are your customers. What better time than Valentine’s Day to share a little love and extend a token of your appreciation to your tenants. Sure, it involves …
Before the Lease – Understand the Details
Ok, admit, most of us have done it – we are signing papers involving a significant event in our lives. It goes like this: “Now, this document just says blah, blah, blah and we only need your initials.” We nod our head, scan the document, and sign our initials. We continue to nod, initial and …
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Eco-Friendly Rentals
Eco-friendly. It’s more than a fad. Tenants are looking for ec0-friendly units, and landlords are discovering the benefits of delivering them. Afterall, eco-friendly homes and apartment complexes have lower water, heating, and cooling costs. Energy-efficient HVAC systems can save more than 30-35% in fuel and energy costs. There are multiple ways to increase the eco-friendliness …
