Blog

Jan
18
Resident Retention: 5 Simple Ways to Retain Residents

Resident Retention: 5 Simple Ways to Retain Residents - Article Banner


As a rental property owner in Phoenix, Scottsdale, Mesa, Gilbert, or around the East or West Valley, you know how important it is to keep your rental property occupied. This needs to be part of your long-term investment strategy. Vacancy means lost income, and the longer your property stays empty, the more it costs you.


There’s more to it than just avoiding vacancy, however. You’re not trying to simply fill the space. Instead, you want to retain the good tenants that you’ve placed. Retaining tenants is just as important as attracting them in the first place. Not only does it save you the time and money of finding new renters, but it also creates some stability for your prop...


Nov
30
Negotiation Tips and Strategies for Purchasing an Investment Property

Negotiation Tips and Strategies for Purchasing an Investment Property - Article Banner


Some real estate investors make an offer on a property with confidence and courage; knowing that they are likely to get everything they want. But, if you’ve never purchased an investment property before, or you’re not sure of yourself during the process of making an offer and negotiating the terms, you might be wondering just how much you should push and just how much you should accept as inevitable.


Good negotiation skills are important when you’re buying real estate, even if you have a great real estate agent on your side who is doing most of the negotiating for you. Learning how to measure your seller’s strengths and weaknesses to negotiate properly can save you a ...


Nov
16
Risks and Rewards of Investing in Mesa Real Estate

Risks and Rewards of Investing in Mesa Real Estate - Article BannerThe East and West Valley are full of opportunities for real estate investors, and if you’re thinking about buying Mesa real estate, you’ll enjoy a lot of the rewards that come with such an investment. You’ll earn consistent rental income and set yourself up for long-term returns that only improve as your asset appreciates and you earn equity while tenants pay down your mortgage.


Mesa real estate investments are going to make you money, whether you’re buying a single-family home that you plan to rent out to long-term tenants or you’re diversifying your portfolio with different types of rental properties across the Phoenix area. This is a growing market with a sur...


Nov
12
HOA Pros and Cons

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The topic of HOA’s is a very opinionated one. People seem to either love them or hate them. Here are some pros and cons to consider before purchasing, renting, and/or investing in a property in an HOA.


PROS:


Amenities




  • pools, gyms, a community clubhouse, or landscaping can be ideal for convenience and may be cheaper than paying for these services individually





The neighborhood will look good




  • HOA typically maintains common areas and community areas and has rules about keeping lawns manicured restrictions on parking boats and other large vehicles on the street, and limitations on exterior paint colors.





Deals w/ neighbors for you




  • If you hate having to confront neighbors, whether it's for being...


Sep
09
How to rent your investment property at top dollar

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Improve curb appeal


Make sure the property looks the best, both inside and out. Take flattering photos, make sure landscape is cleaned up and maintained, and exterior paint is clean and fresh.



Update appliances


Look to keep appliances matching and in good condition. Be sure they are installed and vented properly and maintained.



Keep up on maintenance and repairs


Regular maintenance is important as it keeps down on big issues and surprised down the road.



Add value


New interior/exterior paint, new flooring, updated kitchens and bathrooms, energy-efficient appliances, etc.



Keep competitive with the market


Know the current market and market values and stay competitive. Know how aggressive you are w...


Aug
07
Jun
13
Jun
04
Investors NEED a Reserve Fund

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As an investor, it is important to be prepared for the unexpected.



Now more than ever we are seeing the grave importance of protecting the future of your investment by building a reserve fund. Your reserve fund is your “emergency” cash fund. A reserve fund should be large enough to cover unexpected situations, not only maintenance that comes up. The amount you want to set aside can vary and depend on property type, size, age, and size of the portfolio, however, a good starting point is 2-4 months’ rent. Remember, a reserve fund for rental properties is an investment itself.



An easy way to calculate a reserve fund for a portfolio with 1-10 properties, add up the following e...


Mar
07
TOP INSURANCE MISTAKES INVESTORS MAKE


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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...


Feb
07
Simple Kitchen Upgrades that make a big difference

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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...