Blog

HOW CAN YOU AVOID MAKING THEM?

1. 
   

   LOOK AT COST ONLY: DON'T JUST LOOK AT THE COST OF THE INSURANCE POLICY. IN MOST CASES YOU "GET WHAT YOU PAY FOR". YET MANY REAL ESTATE INVESTORS ONLY CONSIDER THE PRICE. THE POLICY MAY HAVE EXCLUSIONS AND ONLY COVER VERY FEW THINGS.

   
   


2. 
   

   CHECKING THE A.M. BEST RATING: THE A.M. BEST COMPANY IS THE PREMIER COMPANY THAT COLLECTS DATA AND EVALUATES THE FINANCIAL AND OPERATING STRENGTH OF ALL INSURANCE COMPANIES IN AMERICA. HOWEVER, ONE THING YOU SHOULD BE AWARE OF: A.M. BEST OPERATES WITH REVENUES RECEIVED FROM THOSE VERY SAME INSURANCE COMPANIES THAT THEY ARE EVALUATING. THEREFORE NEARLY 91% OF ALL INSURANCE COMPANIES HAVE SOME KIND OF "A" RATING.

   
   


3. 
   

   LOCATION OF THE AGENC...

Upgrading the kitchen at your rental property can be much easier than you think. Here are some simple upgrades you can do without having to do a complete remodel, but make a huge difference.

Cabinets: Whether you resurface them, change out the fronts, or just update the paint/stain, this will make a major difference in the overall appearance of your kitchen.

Backsplash: Simple backsplashes can make an amazing difference. Just adding a bit of texture, color or even something simple add to the character of the kitchen.

Countertop: From complete replacement to simply resurfacing, there are many options for countertop upgrades to do. Making countertops easy to clean, neutral and s...

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 al...

Real estate Wednesdays started in 2013. Marlene Klotz-Collins, volunteer and member of the Salvation Army's National Advisory Board welcomed Joseph and JoAnn Callaway to the organization's Phoenix Advisory Board. When Marlene told JoAnn and Joseph that the army had to pay workers to ring bells at many locations, JoAnn quickly volunteered herself and Joseph as well as the whole homeownership industry. After planning for months, more than 1,000 real estate agents, property managers, title company officers, and lenders come to ring bells at more than 180 Phoenix locations.

We have been volunteering at a local Safeway for the past 6 years and it has grown to be part of our holiday season. We w...

Our second annual pie giveaway was a success! We just about 50 clients/tenants/vendors come by and pick up a complimentary pie. For those who don't know the story behind the pie giveaway, Jennice Doty has a love for pies and has always wanted to do some sort of event to give them away. Last year was the first year for our pie giveaway and we had a great response.

JENNICE SAYS SOME OF HER BEST MEMORIES GROWING UP WERE MAKING PIES WITH HER MOM. “WHAT AN ACCOMPLISHMENT IT WAS FOR ME TO MAKE A COMPLETE PIE FROM CRUST TO FINISH. IT WAS AS GOOD AS MOM’S PIE! MY SISTER AND I LAUGHED UNTIL WE CRIED WHEN SHE TRIED TO MAKE MOM’S FAMOUS PIE CRUST FOR THE TENTH TIME, EVEN WITH ME GU...