Blog

Jan
16
MTM: Pros and Cons

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Month-to-month lease agreements provide both the landlord and the tenant with flexibility, but as with anything they also have some down sides











Pros for Tenants:


- Flexibility to move - one of the most common reasons for a tenant to sign a month to month or opt to go month to month is so they have the ability to move quickly.


- No specific end date - unlike a long term lease agreement, month to month leases allow you to give a normal (typically 30-60 day) notice and you aren’t burdened by lease break penalties


- You can (usually) switch to a long term lease -a lot of owners give the option to sign a longer term lease if plans change


- Can look for a home - this is often an ideal o...


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, ...


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 th...


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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