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How do I financially prepare for my rental property?????

As a residential phoenix property manager, I am always surprised by the number of people considering becoming landlords without the expectation of any costs exception their mortgage.  Unfortunately this mind set can cause tremendous stress to the tenant, landlord and property manager.  No one can predict what the actual repairs will be during the lease and landlords can
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"It was already like that when i moved in"

MOVE IN/MOVE OUT When you have a new tenant moving in to a rental property either you as an owner or your property manager should conduct a move in inspection with the tenant and a move out inspection when the lease expires. Your report should be consistent with the kind of detail you would need
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What’s the best way to find a good Property Manager?????? Since I own a property management company in Phoenix Arizona, my friends and family who live in different states are always asking me really what is the best way to screen property management companies???  Several of my disappointed friends tell me that they thought they
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Rent Check Statistics for March 2013!

RENT Check™ is ARMLS’s monthly publication showcasing the Valley’s residential single family leasing market. It features the Rent Check Quotient™ (RCQ™) derived by dividing the # of leases by the # of closed sales as reported in STAT. Elevated lease activity is stoked by high foreclosures, which turn home owners into renters, and investor sales
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It's Monsoon Season in Arizona – Is Your Rental Home Ready?

Roofs are one of the most neglected parts of a home, in regards to repairs.  With monsoon season upon us, is your home prepared for the wind, rain, and trees?  “Large trees may pose risks during monsoon storms.”  Maybe a small leak during the winter was apparent, then the rain stopped and you put the
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Rental Home Market is Hot in the West Valley!

For real-estate agents, home buyers and especially home sellers, the West Valley is burning up, especially for homes less than $150,000. That heat is strongest in the market for homes of $100,000 to $150,000, forcing new buyers to move to higher ranges.Distressed properties, those houses owned by people facing foreclosure or short sales, still make
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