You’re sitting peacefully watching a movie with your family on a Saturday night when your cell phone’s ringtone blares with texts and calls about an emergency maintenance request. Your night has just taken a thrilling turn of helping the tenants in your Chandler, Arizona rental and trying to find a solution to their problem quickly.
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So, you want to start investing in Phoenix real estate to create a passive stream of income. That’s great news! How hard could it be when so many people do it. Some of those people even become real estate tycoons eventually. Well, we all have to start somewhere and invest in our very first property.
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The world of real estate is fast-paced and has a language all its own. As a first-time property investor and landlord, it’s important to become familiar with real estate terminology. Not knowing the basics of real estate language could lead you to make some uneducated and grave mistakes. Fortunately, you just have to learn and
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One of the most frustrating parts of being a Phoenix landlord is dealing with late-paying tenants. You already have the responsibility to maintain the property, make sure tenants are satisfied, and pay the bills. Chasing renters down for their rent is just one more inconvenience. When tenants are consistently late paying their rent, your first
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There is a lot to learn as a new landlord, and it’s easy to make mistakes. Even seasoned property owners can let things slip through the cracks if things get overwhelming as they often do when it comes to running a property. As a professional property management company in Phoenix, we know the most common
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At Real Property Management Phoenix Valley, we strive to help property owners avoid the headaches that come with rentals. Running a rental property is not an easy job with all the details that come into play like rent collection, inspection, maintenance, and the resolution of any issues that arise. Professionalism and communication are key in
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Between the ages of 25 and 40, Millennials make up one of the biggest cohorts of renters. According to this Statista study, 48% of renters in 2020 were Millennials. No matter which type of rental you offer, you need to appeal to this group. At Real Property Management Phoenix Valley, we are well-versed in managing
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When you set out to become a Phoenix landlord it’s likely you didn’t realize just how much work was involved. From tenant screenings to rent collections, property inspections to tenant complaints, self-managing a rental is a lot of work. That said, there is a solution. If you’re ready to take control of your time and
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Earning income without having to do much work is everyone’s dream. And while there are not many jobs in the world that allow for passive income, rental properties often come to people’s minds when they think of making money without having to work. In fact, many people are under the impression that owning a Phoenix
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As an experienced landlord, you likely collect a security deposit and first month’s rent from all your tenants. As a first-time real estate investor, it’s time you realize the importance of collecting these two things. However, whether new to the rental property business in Phoenix or not, you might be wondering whether to collect last
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