Phoenix Rental Market Heats Up!

By Lisa Borchard Sunday, March 30, 2014

Signs of a U.S. economic recovery are everywhere except the housing market. New-home sales fell to their lowest level in five months according to data released last week, while home prices appear to be losing their momentum. Also, higher mortgage rates and rapidly rising ho...

Monitor your ads, Avoid online scams

By Lisa Borchard Sunday, March 23, 2014

As a Phoenix Property Manager we monitor all of our rental listing daily. As an owner you may not realize the importance of monitoring your property listing. We have found that online predators will clone rental listing in effort to scam unsuspecting potential tenants. The clone...

What is the Right Approach to providing Appliances for Your Phoenix Rental Property?

By Lisa Borchard Monday, March 17, 2014

In the Phoenix rental market, providing appliances for your tenants is necessary and listing the house without will put your property at a competitive disadvantage. As a Phoenix property owner, being responsible for the appliances is unfortunate because appliance repair an...

Phoenix Property Rent Statistics

By Lisa Borchard Sunday, March 9, 2014

ARMLS (Arizona Regional Multiple Listing Service, Inc), publishes monthly rental statistics for the Phoenix Rental Property Metro area based on all leasing activity through MLS (Multiple Listing Services). For February 2014, closed rental units was 3625 so down slightly from ...

Are you overpricing your Phoenix rental property?

By Lisa Borchard Sunday, February 23, 2014

This is a very simple concept that many owners miss - if the market rent is $1000 you are not magically going to rent it for $1200 AND the longer the property sits vacant over priced the less actual monthly rent will receive. In Phoenix, listing your rental property for a pric...

Phoenix Property Management - Partial Payments

By Lisa Borchard Monday, February 17, 2014

Under Arizona law a landlord is not required to accept a short or partial rent payment. However, per A.R.S. &33-1371 "if the landlord does accept the lesser amount (than full rent), the landlord loses their right to seek eviction of the resident". Keep in mind that this does ...

Surprise, Surprise, Surprise!

By Lisa Borchard Sunday, February 9, 2014

So you have done all the research, gathered the facts on the neighborhood, the HOA, the taxes, and the current rental statistics and have decided to purchase in Surprise. A little known fact about the city of Surprise, in addition to the city rental taxes of 2.2%, the city also r...

Attracting & Retaining The Right Tenant in Phoenix

By Lisa Borchard Sunday, February 2, 2014

Getting and keeping a good tenant is the lifeblood of your Arizona Rental Property. Taking the right steps to getting a solid tenant is even more important in Phoenix due to a high transient rental pool. The first step to rental success is to list your vacant rental property...

Vacancy rates & changes in tenant demographics will pose greater challenges for Do-it-Yourself L...

By Lisa Borchard Monday, January 27, 2014

They are some telling indicators that renting out your property may be harder in 2014, especially by do-it-yourself landlords even as the overall economics of rental property investing is improving. Reasons why: a. More available inventory as newly-constructed multifamily h...

HOA's - Landlord & Tenant Responsibilites

By Lisa Borchard Sunday, January 19, 2014

As a Phoenix Property Manager, we know that not all Home Owners Associations (HOA) have policies and procedures in place when dealing rental properties so it is important to check out the HOA rules prior to leasing your home. If your home is in an HOA, you have certain rights and...