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 …

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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 …

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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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Maintaining your rental property is a given. From minor repairs to major renovations, these repairs and improvements can be deducted from your taxable income. The key is knowing the difference between a repair and an improvement. Repairs can be fully deducted in the year you experienced it. Improvements, however, must be depreciated over multiple years.   …

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The rental market has continues to show strength with limited inventory and strong year-over-year rent rate growth.  Here’s the latest rental activity and trends for the Phoenix Metro area for January 2021… Closed Rental Units: 1,612 (5.23% decrease year over year) Median Lease Rate: $1,700 (9.68% increase year over year) Average Lease Rate: $1,882 (8.04% increase year over …

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To say 2021 will be a year of massive shifts and innovations in the property management industry is an understatement. Successful businesses are beginning to think on their feet and out of the box, using innovative technology is one of 2021s biggest survival trends.    Property management businesses that traditionally rely solely on in-person communication are shifting gears –working with tenants, …

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