In our experience servicing rental properties in Phoenix, purchasing a Home Warranty Policy on your rental is a poor idea especially if you are interested in retaining your tenant for longer than the initial 12 month lease term. Home Warranty companies typically utilize sub...
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Overall the percentage of distressed sales through out Maricopa County is down by 45.7% from last year. Short sales are down 55% from last year and lender ROI sales are down 26%. There are however still some areas such as Goodyear, Buckeye, Maricopa and Queen Creek that sti...
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With the crazy adjustments in the stock market and large global cities on the verge of filing bankruptcy, investment property continues to be a valuable place for cash heavy investors. Additionally, with interest rates rising, several hot cities should see a small increase ...
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The Myths & Realities of Rental Property Accounting in Metro-Phoenix
By Lisa Borchard Thursday, August 15, 2013
Because of all of the licensing and tax rules/regulations in many cities within Metro Phoenix, it can get very confusing to figure out exactly what you need to do in order to be in compliance. One of the myths I hear as a property manager is that rental tax is only required when ...
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It Did What? 8 Secrets About the Best Things to look for in a Rental Property
By Lisa Borchard Sunday, July 28, 2013
623-748-7800info@rpmwestvalley.comwww.rpmwestvalley.com Real Property Management West Valley specializes in property management services and therefore we are constantly being asked where and what are the best properties for rental homes. The where question is very difficult...
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City of Phoenix offers educational classes for landlords.......
By Lisa Borchard Monday, July 22, 2013
The City of Phoenix is the only city that offers a certified Landlord/Tenant Counseling Program in the state. If you are a new landlord than knowing the rules and requirements of tenant management is imperative. Additionally, you may be having some difficulties understandin...
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INTEREST RATES AND YOUR RENTALEven though interest rates have risen over the summer they are still well below rates in the past causing home purchases to be very attractive. Additionally, those who are now three years from their foreclosure can now purchase again and in some ...
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Phoenix Rental Statistics May 2013
According to RENT CHECK which is the monthly publication from the Arizona Regional Multiple Listing System, the median lease price for metro Phoenix in May 2013 was $1,074. Additionally, the average lease was $1225 and average days on the...
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So your tenant's just moved in and they are calling regarding bed bugs - can you hold them responsible??? Can you assume that THEY brought the bed bugs in?? Not unless you want to risk paying high damages in court! Not only are landlords responsible for treatment BUT they ...
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The best tenant reasons for not paying the rent on time......
By Lisa Borchard Tuesday, June 11, 2013
I thought I would share these entertaining reasons why a tenant can't pay their rent on time as I figure that if a landlord hasn't received their rent by the 12th of the month they can probably use a good laugh.....I hope you enjoy. "I can't pay my rent because m...
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