Blog

Jul
12
PROPERTY MANAGER MYTHS

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#1: A Property Manager Won’t Take Care Of My Home As I Would

A professional property management company cares about your home. They want to protect your investment and help add value if possible. Property managers can bring fresh perspective and knowledge of the area and market and may increase the monthly income.


#2: Renters Will Destroy My Home

It’s hard not to think about all the horror stories of tenants completely destroying rental properties, but in reality that truly doesn’t happen that often. Although it’s impossible to prevent all tenant issues, using a property manager can help find more qualified and responsible tenants.


#3: Property Managers Are Too Expensive

A good property manager may be able to actually increase your net income. Since they are familiar with the rental market they can suggest a more competitive rate to max out the best results. They also have the ability to advertise to a large network to help get tenants in place quicker. Also, be sure to learn what expenses as a landlord are tax deductible.


#4: They Won’t Screen The Tenants As Thoroughly

Hiring a professional property manager means they have to adhere to certain laws and rules when it comes to screening potential tenants. They are also aware of Federal Fair Housing guidelines which will ultimately protect you as an owner.


Mar
29
The Best Property Management

The Best Property Management

Uploaded by TCT Property Management Services on 2019-03-11.


Dec
21
Happy Holidays from TCT!

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As the end of another year approaches we wanted to pause and take a moment to express how grateful we are to our clients, customers and affiliates for the opportunity to serve you. We wish you a warm and happy Holiday Season enjoying family and friends. May peace and happiness greet you in the new year!

-TCT


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Jul
26
Rental Myths vs. Reality

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1. YOU'RE THROWING MONEY AWAY

WHILE YOU MAY NOT BE GAINING EQUITY IN A HOME, YOU ARE PAYING FOR SOMEWHERE TO CALL HOME, WHICH IS NOT THE EQUIVALENT OF THROWING MONEY IN THE TRASH

2. YOU HAVE NO NEGOTIATING POWER

RENT PRICES AND LENGTHS OF LEASES ARE OFTEN NEGOTIABLE. DON’T BE AFRAID TO ASK THE PROPERTY MANAGER OR LEASING AGENT TO SEE WHAT THE OWNER WOULD CONSIDER.

3. IT'S DIFFICULT TO GET OUT OF A LEASE

ALTHOUGH YOU ARE RESPONSIBLE FOR THE LEASE, DEPENDING ON THE LEASE TERMS, LEASE BREAK POLICIES CAN DIFFER. RESEARCH YOUR LEASE OR AS THE LANDLORD/PROPERTY MANAGER FOR MORE INFORMATION

4. THE LANDLORD IS RESPONSIBLE FOR ALL REPAIRS AND REPLACEMENTS

AGAIN, DEPENDING ON THE LEASE TERMS, THIS CAN DIFFER FROM RENTAL TO RENTAL. BE SURE TO UNDERSTAND THE LEASE AND WHAT IS COVERED BEFORE SIGNING

5. A LANDLORD CAN END YOUR LEASE EARLY

THE LANDLORD HAS TO FOLLOW THE LEASE, UNLESS THEY SELL THE PROPERTY TO AN INVESTOR WHO WILL KEEP THE RENTER IN PLACE THROUGH THE LEASE DATES.

KEEP IN MIND, WHEN IN DOUBT, ALWAYS ASK YOUR LANDLORD OR PROPERTY MANAGER BEFORE MAKING AN ASSUMPTION.


Jul
18
Restricted Breeds - A Thing of the Past

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About two years ago Arizona became the 20th state to completely do away with breed-specific legislation - laws that ban or otherwise regulate dogs by breed.

However, HOA’s and insurance requirements can vary.

Some other helpful information:

  • The law in Arizona (and most other states) says that when a dog bites,

The dog is always GUILTY, even if he was provoked by someone or something

  • Renters insurance carried by the tenant, usually covers dog bite lawsuits

  • The Landlord’s insurance policy usually protects the landlord when a tenant’s dog bites. In most cases, the landlord is not the responsible party, and the insurance pays for lawyers to get Landlord removed from any lawsuits.

  • In one year, State Farm pays over $60 million (total) for dog bite claims

  • Pet damage to a house, whether chewing, scratching, or urine or feces, is not covered by insurance. This is not always normal pets. I once saw a home where a Parrot had destroyed the doors, walls, and molding by chewing on these.

  • If a dog bites and there is an insurance claim, the insurance company will usually require that the tenant or homeowner get rid of that particular dog. For homeowners….not tenants… the insurance company will sometimes allow the owner to keep the dog, but the owner must sign a bite exclusion that says that their dog is no longer covered by their insurance.


Jul
13
How Often To Inspect?

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As a property manager it’s a good idea to inspect properties regularly.

When should you inspect?

  • Move In - done before a new lease begins, ensures all previous work has been completed and property is move in ready. Then again by the tenant once they move in to notate the condition of the property when the moved in.

  • Annual - done with a tenant in place to note the condition of the property; one, two or even three times a year is normal.

  • Move Out - accesses the overall condition once a tenant moves out

Remember a quick 5 minute inspection can prevent major expenses down the road.

This is a great time to see potentially unreported issues and point them out and advise the tenant these are things that need to be reported so they can be addresses, check for unauthorized occupants, unauthorized pets and just overall maintenance and upkeep.


Jun
14
Tenant Maintenance Responsibilities

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Here are some common things that are a tenant’s responsibility when it comes to maintenance. A good rule of thumb is if anything was caused by misuse or neglect, it is the tenant’s responsibility to take care of.

  1. Carpet Stains or floor damage beyond normal wear and tear
i.e. Spills, pet accidents, bleach, nail polish, etc.
  1. Plumbing Clogs
Plunging/clearing clogged toilets, drains and garbage disposal
Common causes: hair, trash in disposal, floss, QTips, wet wipes (are not flushable)
  1. Replacing light bulbs
To include regular and fluorescent, light fixtures, ceiling fans, refrigerator, pool, etc.
  1. Change out AC Filters every 30 days
  1. Replacing batteries
Including but not limited to garage remotes, smoke detectors and thermostats
  1. Simple fixes
Such as resetting a breaker or GFI or reset buttons
  1. Damage to walls/ceilings
i.e. drawings, scuffs, odor, etc.

TCT Property Management Services, LLCLess

TCT Property Management Services, LLC

2500 S Power Road #121

Mesa, AZ 85209

T: (480) 632-4222

F: (480) 632-4226

E: info@tctproperties.com


Office Hours: Monday - Thursday 8:30AM-5:00PM, Friday 8:30AM-4:00PM

2500 S Power Road #121

Mesa, AZ 85209

T: (480) 632-4222

F: (480) 632-4226

E: info@tctproperties.com


Office Hours: Monday - Thursday 8:30AM-5:00PM, Friday 8:30AM-4:00PM

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Se habla Español

Jennice Doty, Designated Broker


For AFTER BUSINESS HOURS maintenance EMERGENCY, please call 480-632-4225 and the on-call property manager will assist you

Jennice Doty, Designated Broker


For AFTER BUSINESS HOURS maintenance EMERGENCY, please call 480-632-4225 and the on-call property manager will assist you

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Associations & Affiliations

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