Blog

Jan
12
Important things to do as a rental property investor


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Keep up on Repairs


The longer you wait on repairs, the more expensive and extensive they become. Physical issues at a property tend to just worsen over time and then need to be done quickly.


If repairs are taken care of in a timely fashion and before they are too extensive, this will ultimately save you money in the long run.



Inspect Property Annually


This not only keeps tenants on their toes and keeps them accountable; it shows them that you actually care about the property. This also allows you to see how the property looks and encourage the tenants to let you know if there are any issues they haven’t brought up. This will not only help you keep the property in good condition but also keep an eye on the tenant and see if there is anything going on that may not be permitted.



Allow Pets


It is thought by many landlords to not allow pets at their rental properties. While this opinion is understandable something to consider is More than two-thirds (68%) of American households own a pet. If you aren’t open to pets, you are ultimately automatically turning away about 32% of possible renters. It’s better to simply regulate pets, collect pet rent, pet deposits and specify what kind/size/breed of pet you allow.



Set Aside Money


You should always have a cash reserve. Most expenses don’t come evenly every month; they tend to happen at the same time in sudden bursts. It’s important for investors to set aside a certain amount of their rental income every month to cover large expenses that may come up or vacancies.















Working with a property manager who understands the business and can help advise, assist and handle a lot of these items can be extremely beneficial. Check out our services and contact us today for more information about managing your investments!



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


NO WALK-INS - Please contact us directly to schedule an appointment.


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


NO WALK-INS - Please contact us directly to schedule an appointment.


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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