11
Oct

Phoenix Property Manager

Learning to Invest in Real Estate

If you find yourself with some extra cash you may want to consider investing your money in real estate. A rental property is a great way to earn extra income, provide for you family and build a nest egg for the future. Before you decide to get into the rental property business learn as much about the industry in order to avoid making bad investments and to see if owning an investment property is the right choice for you. Dave Zundel of Homelovers, a property manager in Phoenix, offers some good advice for first time investors to follow.

How Do I Begin?

Each investment into the real estate business is unique. It is not wise to try and use the same strategy on each investment; what works for one purchase may not work for the next. The first thing you should do is set long-term goals and be clear about what kind of earnings you expect from your property. Then you can build a plan that will help you reach your investment goals. After you make your investment plan you can start searching for the right properties for you.

How Do I Choose a Property Management Company?

Property management companies help you with the management and maintenance of your rental property. Select a property management company that is stable and has a good reputation in the industry. Make sure that they provide excellent customer service since they will deal with your tenants and are a representation of you. It is very important that they address every issue that a tenant has with respect and promptness. Also look for a company, such as Homelovers, that has invested in real estate. Having experienced the tenant/landlord relationship helps the company have a better understanding of the trials that property owners and renters face. The company should help you get and keep tenants in your rental property in order to make money from your investment.

What Challenges Do Property Managers Face?

Often times, a property manger has a difficult time doing his or her job because the owner of the property has problems relinquishing the control of day-to-day decisions to the manager. When choosing a property manager, it is important to establish a trusting relationship; after all they are going to be representing you to your clients. If you find it difficult to allow someone to have a good bit of control of your property, a property manager may not be the best option for you.

Finding and Keeping Good Tenants

Now that you are the proud owner of a rental property, finding and keeping good tenants is your goal. Proper screening of prospective tenants is the best way to ensure that you will have a tenant who is respectful of you and your property and who can pay their rent on time. Don’t be too eager to rent to just anyone, be vigilant in your screening process. Another way to attract good tenants is to keep your property looking great. Keep it clean, make sure everything is in working order and that it looks as good as possible. A good rental product will attract the best tenants. Price also plays a large part in finding a good renter, don’t over price or under price your property, those few dollars either way can be the deciding factor when it comes to finding the right client.

Why Choose Phoenix for a Rental Property?

The population of Phoenix has exploded over the last 50 years. The main reason for that is the warm climate that exists year round in Phoenix. Also, Phoenix is located where very few natural disasters occur. As a property owner you don’t have to worry about damage from tornados, hurricanes and earthquakes and renters will feel safe and secure knowing that a natural disaster is not going to destroy their belongings.

Contact Homelovers

The team at Homelovers has a special offer available to property management. During the first 12 months Homelovers offers their services to new property owners for $50.00 a month flat management fee. This allows you to get to know the company and decide if they are the right company for you.

Homelovers

4001 E Broadway Rd.
Suite B19
Phoenix
AZ
85310

(800) 555-3065

Monday – Friday 8:00am – 5:00pm

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