Investing in the rental market can be a prudent way to build up your financial portfolio. Like anything worth doing, however, there’s the wise and thoughtful path and the hit or miss impulsive path. Taking time to study the industry and industry tools before you jump in pays off. Frankly, with the changes in technology, …
Investing in the Rental Market 101
Rental Property Clean-Up
Reducing the time between tenants is essential – after all, an empty rental doesn’t produce income. A plan for efficient repairs, updates, and cleanup makes a difference, whether you do it yourself or hire professionals. A thorough deep cleaning not only attracts tenants, but often reveals areas that need further attention. Furthermore, in our current …
June 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for June 2020… Closed Rental Units: 2,134 (8.43% increase year over year) Median Lease Rate: $1,675 (4.69% increase year over year) Average Lease Rate: $1,839 (2.97% increase year over year) Average Days on Market: 29 (26.09% increase year over year)
Do’s and Don’ts for Landlords – Part 2
You and your tenant: In Part I, we shared do’s and don’ts for investing in a rental property. In today’s blog, we talk about what happens after you sign the dotted line, and the rental game begins. Do’s Remember, this is a business relationship. You are ‘selling’ a product/service – a place to live with …
Do’s and Don’ts for Landlords – Part 1
Before you invest: Stepping into the rental property market can be a great opportunity. These do’s and don’ts will help you know if it’s the right opportunity for you. Do’s Study the market – and yourself. Take time to answer the following questions. We’re not talking quick responses. Do the research. What is the best …
Celebrating July 4th Safely
“We must be free not because we claim freedom, but because we practice it.” – William Faulkner As you and your family and friends celebrate our nation’s 244th birthday, pause to give thanks for a country that still stands 244 years after our founding fathers penned those memorable words, “We hold these truths to be self-evident, …
Our Partnership with CarbonFund.org
We’re pleased to announce that we’ve recently partnered with CarbonFund.org. We believe that we all have a responsibility to care for the world we live in. While business activity can contribute negativity to the environment, we feel that businesses can also make positive and meaningful steps towards preserving our earth with their actions. With that in …
May 2020 Rental Market Update
Check out recent rental activity and trends for the Phoenix Metro area for May 2020… Closed Rental Units: 2,034 (15.37% increase year over year) Median Lease Rate: $1,600 (3.23% increase year over year) Average Lease Rate: $1,764 (3.34% increase year over year) Average Days on Market: 29 (16% increase year over year)
Creating Curb Appeal
Attracting and retaining reliable renters in your rental property can be a challenge. Many landlords put a lot of thought into layout, flooring, the right colors, lighting, and the list continues. While these are essential, it is equally vital to take time for landscaping, or in other words, curb appeal. Before a potential tenant steps …
Choosing the Rental Price for Your Property
You’ve invested in a rental property, and you’re looking for a worthwhile ROI. You want a rental price that will attract potential tenants, but also ensure you’re getting a fair rate and return on your investment. So, how do you find that sweet spot? Start with Comparative Market Analysis (CMA) In other words, how much …
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