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Utility Companies:

Electric-

SRP (Salt River Project) - 602-236-8888 (services Mesa, Gilbert, Chandler, Phoenix, Tempe, Apache Junction & Queen Creek)

APS (Arizona Public Service) - 602-371-7171 (services certain areas of Chandler, Gilbert, Phoenix, Scottsdale)

Water/Sewer/Trash -

City of Mesa - 480-644-2221

Town of Gilbert - 480-503-6800

City of Chandler - 480-782-2280

City of Tempe - 480-350-8361

City of Phoenix - 602-262-6251

City of Phoenix - 480-312-5650

Town of Queen Creek - 480-358-3450

Johnson Utilities - 480-987-9870

Gas –

Southwest Gas - 877-860-6020

City of Mesa – 480-644-2221

Internet/TV/Phone Providers (call for service areas):

Century Link - 877-720-3428

Cox Communications – 623-594-1000

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One of the simplest definitions of rental property investing is getting paid for what you own, rather than just paying to own it.

Benefits of investing in Single Family Homes:

• Income: unlike with stocks and bonds yielding about 2%, it’s possible to generate in the low double digits in returns

• Tax benefits: (https://www.tctproperties.com/blog/post/top-5-landlord-tax-deductions)

• Flexibility: unlike multifamily homes which demand upfront costs, with single family homes you can choose how many you want to add to your portfolio and your own costs

Make sure you do it right!

• Choose the right property: know what you are looking for; college town, family living, low maintenance, LOCATION, LOCATION, LOCATION, etc.

• Do the Math: make sure you understand your monthly costs and plan for maintenance costs as well. Even though it’s a rental, there is still maintenance that needs to be done and it’s important to understand and budget accordingly

• Hire a Property Manager: Shop around, find who works for you. Once you research and find companies you may be interested in, interview with them to find the perfect fit!

Are you ready to invest and start building wealth with real estate? TCT can help, call us today!

References:

https://www.forbes.com/sites/financialfinesse/2017/08/09/should-you-invest-in-rental-real-estate/#4839edf25c15

http://www.noradarealestate.com/blog/advantages-of-single-family-rental-properties/

Wondering how much it cost to move? There are a lot of factors to take into consideration. Local vs. out of state, full service, packing services, weight, distance, etc.

According to HomeAdvisor here are some average moving costs:

Weather, cost of living, New Businesses and Job Prospects, Easy Escapes, the outdoors, and more!

Phoenix, Arizona is ranked #19 in Best Places to Live

Nicknamed the “Valley of the Sun” the Phoenix area sees more sunshine than any other metro area in the country. That may be enough reason alone to live here. Arizona offers a little of everything; enjoy the warm weather in the valley and only a couple hours up north experience the snow.

Weather - It doesn’t get much better than 300+ days of sunshine a year. Even when it’s hotter than ever outside, the weather is still beautiful at 120°.

New Business and Job Prospects - Over the past few years Arizona has experienced quite a bit of new businesses relocating to the valley. A couple major companies who have expanded in Arizona are Apple and their $2 billion investment in Mesa and Google launching their driverless cars.

Easy Escapes - Even with its never ending beauty, sometimes the desert can get repetitive. Lucky for us, only a few hours in any direction you can visit the mountains, beach or even Las Vegas!

The Outdoors – Whether you enjoy hiking, relaxing by the pool, amusement park rides , or just going to the park, Arizona has it all!

Sporting Events – Arizona has even grown with our sporting events offered in the desert. Home to the Arizona Diamondbacks , Arizona Cardinals, Phoenix Suns, Arizona Coyotes and our newest additions Phoenix Rising. We are even the home of spring training for the Chicago Cubs, White Sox and Cincinnati Reds.

AZ Quick Stats

Why do you love living in Arizona? Comment below.

Paying taxes is part of life, fortunately there are some beneficial deductions landlords can take advantage of. Here are 5 common deductions.

1. INTEREST

Interest can be the one of the biggest deductibles for landlords. Common deductions include interest from mortgage payments as well as credit cards used for goods or services with the rental. Find out more about interest deductions.

2. DEPRECIATION

Landlords can get back some cost through depreciation of their rental home. Here's how depreciation works.

3. REPAIRS AND MAINTENANCE

Reasonably, the cost of repairs and maintenance can also be deductible in the year they are incurred. See here what is considered a deductible repair/maintenance and what an improvement/upgrade is

4. INSURANCE

Insurance premiums are also deductible. This includes, fire, flood, theft as well as landlord liability.

5. LEGAL AND PROFESSIONAL SERVICES

From attorneys, to accountants, to property managers…. You can deduct these fees as operating expenses.

Check out some other articles for more ways to save on your deductions.

Landlordology - Deductions for landlords

Houselogic - Tax Deductions for rental homes

Sparkrental - 16 deductions

Fires, theft, weather damage…these things happen, and they’re just as likely in a rental as they are in a house you own. To protect themselves, Homeowners get homeowners insurance. So if you rent, consider Renters insurance. It’s a good precaution in a risky universe.

Here’s why Renters insurance is so important! It works to cover your:

• Personal propery – coverage for your things (clothes, furniture, electronics, etc.) up to your coverage limit.

• Personal liability– coverage if you’re ever legally responsible for an injury or property damage, like if you drop some water and a guest slips and sues.

• Medical payments– coverage for medical expenses if someone (other than a resident) gets hurt in an accident at your place.

What exactly does renters insurance cover?

The benefits seem to be clear: To get great protection you need renters insurance and why wouldn’t you when it’s so affordable and worth it.

If you have a question that is not answered below, feel free to reach out to us online (link to contact us page).

Owner FAQ’s:

- How much involvement is required once TCT starts managing?

TCT is a full service property management company. We will take care of everything from marketing, finding a tenant, executing a lease to normal maintenance upkeep.

- What sets TCT apart from other management companies?

TCT is a local smaller company who can give you the personal service you deserve.

- Who handles after hour repairs?

We do! We have a 24 hour emergency maintenance line

- What do property managers do?

• Move in/out inspections

• Coordinate repairs/cleaning/request proposals/etc

• Monthly financial reports and Direct deposits

• Marketing your property

• Annual walk-throughs and drive-by inspections

• Eviction management

• HOA Violation follow-up

• Extensive tenant screening including criminal background check

- How often do I hear from you?

We like to say the less you hear from us the better. We will contact you for major repairs, special tenant requests and/or renewals/leases.

- When will I receive rent each month?

We do our monthly distributions on the 10th of the month (if that day falls on a weekend, whatever the following Monday is).

- How much are management fees?

8% of rent or $85 (whichever is greater)

- Can you start managing my property today?

YES! Contact us today at info@tctproperties.com to get more information

Tenant FAQ’s:

- What are tenant responsibilities?

Normal upkeep of the property; change out AC filters, landscaping, pest control, change light bulbs, change batteries, etc.

- Can I make modifications to the property?

Any modification requests to the property must be made in writing and will be ultimately be at the owner’s discretion

- Do you have an emergency maintenance line?

We do! We have a 24 hour emergency maintenance line

- What is considered an emergency?

An emergency is defined as a maintenance problem that will cause a safety hazard to residents, or an imminent damage to property. A few examples would be flooding (that cannot be stopped), AC is out and it is over 100 outside. Electrical/gas issues, please confirm with the utility companies prior to calling TCT

- How do I pay my rent?

Cash is NOT ACCEPTED, for security reasons.

• You can activate your tenant portal and pay online eCheck (Free) / Credit Card (Convenience Fee)

• Mail/drop off at the office, be sure to put your address on the memo line

- Lost my keys what should I do?

You may call the office during business hours to see if we have a spare you can copy, otherwise, you will need to call a locksmith at your own expense to have the property rekeyed (and you must provide TCT with a copy).

- Am I responsible for paying my roommates share of rent if my name is on the lease too?

Yes. If your name is on the lease, you are legally responsible.

- Can my landlord do periodical visits to check in on the property?

Yes, the landlord/property manager can schedule visits to the property.

Generation Z is defined as people born from the mid-1990s to the early 2000s. Generation Z make up 25% of the U.S. population, and have quickly become the largest generation since the Baby Boomers.

What Generation Z is looking for:

• Technology: They are the first generation to live their entire lives in a world of smart phones, internet connectivity and social media platforms.

• Mobile Capabilities: Not only does Generation Z rely on the internet for most needs, they also use mobile devices to search for goods and services to a much greater extent than their predecessors.

• Electronically: Given their highly mobile lifestyle, property management should be prepared to exchange all information with Generation Z electronically as a rule of thumb. This likely includes leasing documents, utility/vendor information, renewal documentation, rent payments, and all property communication.

• Quick Turn Around: Given their connectivity, Generation Z is used to getting what they want, when they want it. Waiting days for communication from on-site community staff isn’t going to fair well.

Although this generation hasn’t hit the rental market in full force yet, over the next few years you’ll be seeing a lot more of them! Are you ready for Generation Z?

For more articles, visit:

https://www.rainmakermfh.com/blog/renting-generation-z-multifamily

https://www.naahq.org/news-publications/4-things-know-about-generation-z

Who are Millennials? : roughly a person born in the 1980s or 1990s

• There are about 80 million or about 25% of the population

• 35% of Millennials are self-employed

• Gadgets and the latest amenities are top priority

• Convenience is key

Millennials no longer live by the conventional wisdom that once you have financial resources, you should buy a home and start building equity. Some reasons why:

• Desire for flexibility and mobility

• Value experiences over material possessions

Mortgage Professional America reports that homeownership among those 35 and younger has fallen from 43.6% to 35.9% in the last 10 years.

Millennials are just looking to have their slice of the “American dream” while maintaining their freedom and flexibility. They are finding the best of both worlds in single-family rentals. Gone are the days when the two options were to live in an apartment or buy a house. By renting a single-family home, millennials get beautiful neighborhoods, a yard and a two car garage, but can pack up and move fairly quickly if needed.

No matter what the reason, it's pretty clear that renting is becoming the popular choice.

According to the National Association of Home Builders, the rental market for the 55+ community is at an all-time high.

• Baby boomers are the fastest-growing group of renters, Census figures show.
• More than 5 million baby boomers are expected to rent their next home by 2020.
• Many boomers want amenity-rich full-service buildings like millennials, brokers tell CNBC

In specific areas, such as Arizona and Florida, there is a huge opportunity in housing for retirees. Experts say that the shift is, at least in part, a result of the long-term decline in homeownership caused by the Great Recession. Another reason is their children are now older and have moved out. Older Americans are taking advantage of the sellers' market to cash in on their family homes and downsizing. While the oldest Boomers are in their early seventies, many residents of this generation plan on aging in place.

So what does this all mean? It seems pretty clean there is and will continue to be an impressive am...