Top Property Management Companies in Tempe, AZ 85281
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Unity Home Group® of Scottsdale
By brmsocial May 18, 2015
Unity Home Group® of Scottsdale is providing excellent Real Estate service. I will personally recommend them to anyone. ...read more
Unity Home Group® of Scottsdale
By viralkick May 12, 2015
I had great experience with Unity Home Group® of Scottsdale. They were professionals… ...read more
Regents Park Apartments
By TomRissmiller May 12, 2014
drug sales ask for ed. ...read more
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Renter Finances Improve: Is Home Ownership Next?
By RIS Media Source: Freddie Mac Renters are in better financial straits than they were just six months ago. Is homeownership next? The answer, according to a recent Freddie Mac survey, is unclear. Although 41 percent of the renters surveyed reported having more cash left over after payday, up from 34 percent in September 2016—and ideal for saving on a down payment on a home—only 15 percent reported working toward homeownership, down from 21 percent in September. Thirty-eight percent of those surveyed do not expect to move in the next two years, also up from September, and 37 percent are unsure of their moving plans, again up from September. Decidedly, 60 percent of the 35- to 49-year-old renters surveyed, as well as 55 percent of all renters surveyed, reported liking where they live, and staying put even if their rents rise. Fifty-nine percent reported planning to rent their next home—higher than the 45 percent who reported planning to own their next home. “It would appear from our new survey that renters today feel better about their finances, like where they are living, and view renting favorably,” says David Brickman, executive vice president of Freddie Mac Multifamily. “This is consistent with findings from earlier surveys that show a steadily growing number of renters have a positive view of renting.” Who, if it all, could become homeowners? The farthest leaps in financial confidence were observed in the rural renters surveyed, as well as baby boomer renters. Rents are expected to rise 1 percent over the next year, according to a recent analysis by Zillow. ...read more
By American Associates Property Management April 12, 2017
How to Prepare Yourself for Becoming a Landlord
By Ryan Tyson - RIS MediaEditor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: If you own some property that you are not actively living in, you might be thinking about renting the property out and becoming a landlord. Renting usable property is a great way to make some extra money, but if not done carefully, it can turn into a disaster. Here is a list of some of the most important things to learn before taking the plunge. Study Local LawsSince shelter is a basic human need, a large body of legal rules and regulations apply to the process. Rental laws vary a great deal from state to state, so you’ll need to find a good resource for researching these laws, unless you are already a lawyer yourself. While looking around online is a good start, you’ll probably also need to consult a legal professional, or at least some books on the subject. Your local library is an excellent resource to find any of the information without spending an arm and a leg. Set Up Your Maintenance TeamAs the rental owner, for the most part, you will be legally liable for keeping up the property in terms of basic maintenance. Between electrical, gas, water, HVAC, and other systems, a home is a bundle of potential maintenance issues waiting to explode in your face. Hiring good people to keep everything working properly is important to staying ahead of the curve, especially if you are renting out multiple properties; the more locations you are leasing, the more maintenance hours you will log. Of course, sometimes the problems will go beyond what a maintenance team can cover. For those cases, you’ll want a working relationship with a good local contractor. Get the Proper InsuranceHowever many steps you go through in your tenant screening process, the fact remains that problems can and will occur. Whether from unruly and careless tenants, freak accidents that cause serious damage, or simply from regular wear and tear, your property is at risk when you rent it out. You can protect your investment by making sure you are covered by the best home insurance possible, so you can recover against any losses. Protect your home further with a home warranty that can keep your pricey appliances covered in case of expensive damages. Set Up Your Lease ProperlyWith all the knowledge you’ve acquired in the previous steps, you should be well prepared to put together a strong lease at this point. This document is hugely important to beginning your time as a landlord right, since it outlines the rights and responsibilities of both you and your tenant. As such, it protects both people in the relationship from problems, intentional and otherwise. You’ll definitely want to get a lawyer involved in at least one draft of the document, and ask him or her how to make sure you aren’t put in a dubious legal position. Whether you are renting out a single property or operating multiple rental properties, the basic requirements for success are fundamentally the same. With a little work, you can turn that property into money in your pocket. ...read more
By American Associates Property Management April 03, 2017
What is Considered Normal Wear & Tear In A Rental
By Natalie Way | Nov 2, 2016 The one thought on every renter’s mind on move-out day (aside from “How the heck am I going to get this sofa through the front door?”) has to do with the security deposit. Will you ever see that money again? According to most leases, your only hope is to return your apartment in the same condition as when you took possession, beyond “normal wear and tear.” Still, though, this raises the question: What exactly is normal wear and tear, and what crosses the line? Read on to learn just what you need to fix, and what you can let slide. What qualifies as ‘normal wear and tear’ Unfortunately, when it comes to pinpointing wear and tear, there’s no specific laundry list of flaws that landlords will find acceptable to leave behind. It helps to think in terms of things you encounter in your own home on a daily basis. “Have you ever put a nail in the wall to hang a picture or scuffed the wall carrying in groceries?” asks Trent Zachmann, chief operating officer of Renters Warehouse, which manages residential real estate. (Of course you have!) “These kinds of things happen.” Normal wear and tear is light damage that occurs over time and doesn’t affect the use of the home or appliances; it’s just not aesthetically pleasing. Other examples of normal wear and tear are light scratches on wood floors, wear spots on carpet (but not stains), and loose railings or banisters. What tenants must fix According to Gary Malin, president of Citi Habitats, these are some of the most common things that renters would be responsible for fixing: Excessively scratched or gouged floors Broken windows or torn screens Broken or nonworking appliances Pet stains and odors Custom wall coverings such as paint or wallpaper Any installations like shelving, light fixtures, or window treatments The importance of a move-in checklist All landlords or property managers will have different expectations, and so on your move-in day it’s important to discuss the condition they expect you to keep your apartment in. Scratches and discoloration should be documented, so whip out your smartphone or camera and take photos of any flaws you see and make sure your landlord is aware of them so he knows you didn’t create them. Ideally, your landlord should provide a checklist of the property condition upon move in. But if not, Kimberly Smith of AvenueWest, which manages corporate housing, recommends creating your own (you can download a sample rental property checklist online). Ask your landlord to sign the document to make it official, include photos of flaws, and, if you want to be extra careful, search online and try to find out the life expectancy of various items. One biggie is the carpet. “The carpet is a great example of an amenity that many tenants and landlords dispute,” Smith explains. “To establish the expectations for the cleanliness of the carpet, first start with the total life expectancy.” Experts estimate that in a household of two to four people, carpet will typically last around three to five years. So if the tenant rents a newly carpeted place for five years and the carpet needs to be replaced when he moves out, then this is considered normal wear and tear. In other words, make yourself at home and don’t sweat the small scuffs. ...read more
By American Associates Property Management March 22, 2017