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 …
June 2024 Rental Market Update – Phoenix
A Landlord’s Guide to Basic Real Estate Terms
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 …
Continue reading “A Landlord’s Guide to Basic Real Estate Terms”
5 Ways to Deodorize Rental Units
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?
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. …
May 2024 Rental Market Update – Phoenix
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 …
How Quickly Does a Landlord Need to Make Repairs?
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 …
Continue reading “How Quickly Does a Landlord Need to Make Repairs?”
Book Review: The Lifestyle Investor
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 …
When (and How) Should I File a Property Tax Appeal?
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 …
Continue reading “When (and How) Should I File a Property Tax Appeal?”
7 Tips for Building Your Landlord Resource Network
No matter how many units you own or who maintains them, being a landlord is rarely a solitary endeavor. Bookkeeping, tenant interactions, and upkeeping buildings require multiple skills. Hiring the right professionals can mean the difference between a thriving, growing business and a catastrophe. 1. Consider who you need in your network. Think through your …
Continue reading “7 Tips for Building Your Landlord Resource Network”
April 2024 Rental Market Update – Phoenix
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – April 2024 Typical Rent: $1,887 (1.1% increase year over year) Single Family: $2,310 (2.5% increase year over year) Multifamily: $1,625 (0.2% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
Continue reading “April 2024 Rental Market Update – Phoenix”
