With a new year rounding the bend, it’s time to prepare your rental property business for 2024! Begin by assessing what went well in 2023 and where there was room for improvement; then adjust your plans accordingly. Every landlord’s goals will vary based on his location, unit types, intended tenure at a given property, and …

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As of December 30th, 2023, Source of Income will now be a protected class in Tempe, Arizona joining the City of Phoenix and the City of Tucson.  This means that a Tempe property owner cannot have blanket prohibitions against residents based solely upon where their funds for rent come from, such as Section 8 or …

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From the initial application to the move-out walkthrough, a landlord’s ability to communicate well with renters greatly influences a successful tenancy. But what if an applicant speaks a different language? How can a landlord and tenant agree on rental terms, resolve maintenance issues, and share concerns or changes if they can’t understand each other? Entering …

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Here’s the latest rental activity and trends for the Phoenix Metro area for November 2023: Closed Rental Units: 2,249 (2.88% increase year over year) Median Lease Rate: $2,095 (0.48% increase year over year) Average Lease Rate: $2,256 (1.31% decrease year over year) Average Days on Market: 44 (18.92% increase year over year)

Affordable housing should provide safe living spaces for people with limited income. Low-income accommodations are always in demand, especially in an economy where costs are rising, and incomes are struggling to keep up. Owning a property dedicated to low-income housing can benefit your real estate business and the surrounding community. But what do landlords considering …

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Your rental unit is pristine, the price is fair, and you offer the latest amenities. There’s only one problem: the neighbors. Potential tenants often consider the community’s general “feel” in addition to the rental unit’s specifications. A neighbor who throws disruptive parties, owns a ferocious dog, or neglects his lawn can drag down a whole …

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A lease agreement is critical to any landlord’s rental property investment. It entitles a tenant to pay a fee for inhabiting a unit while defining each party’s rights and obligations. Beyond being a mere formality, a lease agreement is a binding contract that protects both landlord and tenant when questions arise, or something goes wrong.  …

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For many people, taking a dip in a pool is the ideal way to enjoy hot, sunny weather. Whether for relaxation, exercise, or fun, spending time in the water is a luxury many homeowners and renters seek. Consequently, a property with a pool can be a profitable investment, but there are downsides, as well. The …

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Every landlord quickly learns that real estate investment involves many financial considerations. Whether you’re considering a new investment, comparing properties, preparing taxes, or determining rent increases, knowing financial terms and equations is critical. Fortunately, this book can help!   In 50 Real Estate Investing Calculations: Cash Flow, IRR, Value, Profit, Equity, Income, ROI, Depreciation, More, author …

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Here’s the latest rental activity and trends for the Phoenix Metro area for October 2023: Closed Rental Units: 2,406 (10.27% increase year over year) Median Lease Rate: $2,100 (0.0% increase year over year) Average Lease Rate: $2,300 (1.03% decrease year over year) Average Days on Market: 41 (24.24% increase year over year)