Neighbor Danger: Survey from Real Property Management Reveals DIY Landlords May Put Neighborhoods at...

By Lisa Borchard Monday, June 2, 2014

Neighbor Danger: Survey from Real Property Management Reveals DIY Landlords May Put Neighborhoods at Risk DIY Landlords do not Adequately Conduct Background Checks, According to Survey SALT LAKE CITY (May XX, 2014) – Do-it-yourself (DIY) landlords, individuals who manage ...

The Six Most Important Aspects of Legal Notices for Phoenix Rental Properties

By Lisa Borchard Monday, May 26, 2014

All investors at some point will need to serve their tenant with some kind of legal notice however it is imperative to pay close attention and follow the following to ensure proper service. 1. The "WHO" - Be sure to address the notice to all lease holding residents not...

Is my property rent ready? Do I need to make some updates? Am I making the right updates?

By Lisa Borchard Sunday, May 18, 2014

Does your home need carpet, paint or both? These are often the difficult questions you have to ask when looking to get your home into rent ready condition. As a Phoenix Property Manager, we understand it may not be in your budget to go both this year but just doing one may mak...

Phoenix Property Rental Market Statistics

By Lisa Borchard Monday, May 12, 2014

ARMLS (Arizona Regional Multiple Listing Service, Inc), publishes monthly rental statistics for the Phoenix metro investment property area based on all leasing activity in which the home was advertised through the MLS. In March 2014, 3547 homes leased through the MLS mark...

Tenant Communication is Key

By Lisa Borchard Monday, May 5, 2014

Summer is nearly upon us, and many landlords experience a tenant turn-over in the summer related to school schedules. As a Phoenix Property Manager, we know that the summer is a busy time in the Phoenix rental market with tenants trying to get settled prior to the new school ye...

How to Handle a Bad Tenant?

By Lisa Borchard Sunday, April 27, 2014

What defines a bad tenant? Here are some characteristics. Does not payAlways pays lateDamages to the propertyRequests unnecessary maintenance weeklyBreaks things and then wants the owner to pay to fixReceives multiple HOA violations & finesIt is important that your prope...

3 Key Steps to Determine a Good Rental Investment

By Lisa Borchard Sunday, April 20, 2014

If you are considering becoming a landlord and have researched the neighborhood including crime statistics then it's time to run the three most important numbers to see if the property is a good rental. 1. Net Rental Income = Gross Income - (Operating Costs + Debt Payments)...

Inspections - Protecting your investment

By Lisa Borchard Monday, April 14, 2014

Now that some time has gone by since you placed your tenants you have a numbers of worries and responsibilities including the extensive drywall damage to the ceiling from the AC leak that the tenant failed to report in a timely manner. As a Phoenix Property Manager we know, th...

The High 5 of Tenant Screening

By Lisa Borchard Sunday, April 6, 2014

In our experience in renting properties in the Phoenix market, we have found that sticking to the basics is paramount. Let's high five it for you. 1. Communicate the properties features or drawbacks to eliminate the tire kickers and lookie loos. 2. Rental history - Loo...

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...