Best Areas to Invest in Phoenix and Surrounding Areas

Best Areas to Invest in Phoenix and Surrounding Areas

Phoenix is booming, and as a landlord, you know a smart investment can mean serious returns. But with so many exciting neighborhoods, picking the perfect spot can be overwhelming. This guide will crack the code, revealing the hottest areas for real estate investments in Phoenix and its suburbs. From student hubs to suburban havens, we'll unveil the hidden gems with strong rental markets and amenities that keep tenants happy. So, get ready to expand your portfolio and watch your rental income soar. Here are the 6 best areas to invest in rental …

Continue Reading...

Landscaping Tips to Make Maintaining Your Rental Property Easier

Landscaping Tips to Make Maintaining Your Rental Property Easier

Maintaining a rental property can be difficult on its own, and maintaining the landscaping is even more of a challenge, especially in the East and West Valley, where grass is nearly impossible. That doesn’t mean you shouldn’t be paying attention to your outdoor space. Every rental property will have a different exterior. Maybe there’s no more than a courtyard for you to manage at your rental property, or a small patio with no trees, grass, or bushes. Great. But, what if you’re renting out a single-family home that has some outdoor space? How ca…

Continue Reading...

Top Tips When Buying Investment Property in Phoenix 

Top Tips When Buying Investment Property in Phoenix 

As the capital and most populous city of Arizona, Phoenix is a ripe area for real estate investments. Whether you purchase a property to live in or invest in a rental unit, a real estate investment can offer you financial freedom and long-term wealth growth thanks to rental rates and property appreciation.  The greater Phoenix area is extremely popular among real estate investors for many reasons. Firstly, the culture, architecture, entertainment options, and amenities make for a great quality of life. Secondly, the Phoenix real estate market i…

Continue Reading...

Understanding the Landlord-Tenant Laws in Arizona

Understanding the Landlord-Tenant Laws in Arizona

Arizona is a landlord-friendly state, which is good news when you want to invest in properties without worrying about rent control and other strict provisions found in other states. There are laws that must be followed, however. The Arizona rental laws that you need to know when you’re renting out property can be found in the Residential Landlord and Tenant Act. This law pertains to standard rental housing (not mobile homes), and it references the rights and responsibilities of both landlords and tenants. If you’d like to familiarize yourself w…

Continue Reading...

Pros and Cons of a Month-to-Month Lease Agreement

Pros and Cons of a Month-to-Month Lease Agreement

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 TE…

Continue Reading...