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 impor...

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 P...

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, that...

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 r...

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...

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 f...

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 price...

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 ...