8
Jul

Thinking Like A Leader

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by Mike Sargent, Co-founder/Real Estate Investor

Jack Welch, former CEO of General Electric, and one of my all-time favorite thought leaders, has some meaningful things to say about “Thinking Like a Leader” in the following article:

How To Think Like A Leader

25
Jun

Tips on Keeping Tenants and Rentals Cool in the Heat

rental management in Arizona

It can be difficult to keep your rentals cool when your adversary is the famously overbearing Arizona summer. Those unaccustomed to living in the desert can find it very oppressive. Extremely hot temperatures can unfortunately mean life or death to many heat-sensitive individuals, mainly the very old and the very young. Many landlords of properties where central air conditioning is not a possibility have trouble coming up with ideas for cooling off their rentals in this critical situation. Here are some helpful tips from landlords like you, to help fellow landlords who are trying to keep their tenants cool in sweltering situations that could potentially turn deadly.

  1. Install one window air conditioning unit in each property. If you cannot afford to install central air conditioning in your property, or it is simply not possible to do so, you should definitely consider the expense of installing a window air conditioning unit in all of your properties. In desert summers, you cannot be too careful about keeping people cool, and knowing you have provided at least one cool room for your tenants will give you peace of mind.
  2. Keep popsicles in the office and community room. Many landlords and property managers in Arizona have reported that this keeps morale high, as well as being a fun way to stay okay in the heat. Keeping a small freezer or cooler full of popsicles in community areas can help your tenants stay chilled and hydrated.
  3. Consider putting in an ice machine, or ice-making fridges. An ice machine helps you encourage your tenants to stay cool. With an ice machine, tenants always have the possibility of cool drinks or ice baths available if they need them. Having buckets of ice available is a nice touch and a selling point in
  4. Consider creating a fan bank for tenants to use. If you have a large closet in a community area, consider leaving a clipboard and a pen hanging on the outside of it. Put a bunch of box and oscillating fans inside, all numbered and labeled as your property. Have tenants write down which fans they take, so you can keep track of as many of them as possible. This will give you inexpensive peace of mind, as fans are not extremely expensive, but they make a huge difference in the temperatures of AZ summer rentals.
  5. Install a pool, or provide a key for tenants regarding nearby water parks. Installing a pool can take up a lot of time, space, and money, but it is one of the best defenses against heat stroke. If you do not feel it is necessary for a pool, or the resources seem to be too much, consider providing a key of water parks and pools nearby.
  6. Keep window screens in excellent shape. Opening windows is a great way to catch some breezes indoors, but screens must be implemented to keep out insects.
  7. Install energy-efficient appliances. If an appliance uses less energy to run, then the appliance will put out less heat. Less heat output from appliances means less heat in the apartment.
27
May

What Makes a Property Management Company Great?

property management service in phoenix

Many Arizona property management firms have come about in the last seven years, as the rental market has become more ripe for buyers. As more of these companies form, the market becomes flooded with possibilities for second home owners to choose from. If homeowners decide to find rental managers in Phoenix to take care of the day-to-day practices for them, it can be difficult to determine which companies are the best when all the companies you’re considering hiring have a similar amount of industry experience. However, here are some of the qualities that can set one company far ahead of the rest.

A dedication to customer service. In this business, it is essential that the people who are running the show with tenants are interested in the well-being of the people who they look after. Everyone wants to be remembered by the agencies they do business with. When you hire a Phoenix property management service who employs a genuine people person, your tenants will actually look forward to interacting with them, even regarding the hairy business of rent, and so will you! Read the rest of this entry »

8
May

New Zillow Competitor?

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By Noel Pulanco, REALTOR®

Broker/ Real Estate Investor

This new service claims to provide a better estimate of a property’s value. We’re working with many investors who have taken advantage of the Phoenix area’s fast recovering market to either refinance and reinvest or sell and walk away with profits. If you’d like us to evaluate your situation, let us know.

Meanwhile, check this link out:

“Redfin Takes On Zillow’s Zestimates With New And Improved Home Value Tool”

22
Apr

Refreshing Your Phoenix Rentals Between Tenants This Spring

Phoenix apartment cleaning
So you’ve received word that you are going to have to find a new tenant for one of your units. While dealing with upcoming vacancies can be a bit uncertain, there are ways you can stave off those anxious feelings: by performing some upgrades and upkeep on your Phoenix rental properties! As the sun comes out, it will illuminate all the darkened corners of the room, for better or worse! Here are some ways you can really make your units shine once they’ve been vacated and get them completely ready to be reoccupied by a new tenant.

  • Out with the old, in with the new. Embrace this spring cleaning philosophy! If there is any clutter left behind, dispose of it! Get your unit completely emptied so you can get down to the nitty gritty of critical appraisal.
  • Scrub, scrub, scrub. Get that unit brushed up and looking fine. Don’t be afraid to enlist the help of professionals if the mess is beyond your skill level. Don’t be worried about it, either; it happens to everyone eventually in the home ownership and rental industry at some point!
  • Get energy efficient. If your unit’s still rocking some avocado green appliances from the 70s, you may want to consider replacing them with some EnergyStar appliances. These will save you or your tenant on utility bills and in some cases can get you tax breaks. Also consider getting your windows and doors resealed periodically to save on heating and cooling costs, and keeping your window screens cleaned and repaired to encourage tenants to open their windows on warm evenings, instead of constantly running the air conditioner.
  • Clean those gutters! Gutters provide relief from heavy rainfall on roofs, but if a gutter is blocked, it can build up enough pressure to create water damage inside the Phoenix rental. Water damage can be among the most expensive damage to repair, so making sure the gutters are free of blockages and debris is essential to maintaining the value of your home.
  • Repaint and refloor. Some landlords choose to scrimp and only repair or replace small sections of paint or flooring, but the tenant can usually tell the unit hasn’t been fully rehabbed. It presents a better picture to prospective tenants if you do the entire project, in between tenants, without exception. You want to present yourself as having pride of ownership, so it will hopefully attract tenants who share the same values.
  • Remember what your tenants always forget and put fresh batteries in all the smoke detectors. Seems simple, but it’s quite easy to forget!
  • Clean up the exterior while you’re at it. Doing a simple pressure wash on your home exterior, decks, sidewalks, pathways and drives can brighten up the look of your grounds quickly. Replace and/or repaint shutters, doors, and frames yearly. Fill in cracks and holes with caulk as they appear. Invest in some minimal gardening work to bring in tenants who enjoy doing outdoor work.

What are other important areas that need to be addressed between tenants? Let us know in the comments!

5
Apr

Real Estate Market Returning to “Normal?”

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by Dave Zundel, Co-founder, Realtor ®, Investor.

Almost daily, we see glowing numbers from major news outlets showing a dramatic recovery in the real estate market both in Arizona and nationwide. One might fear that we are heading into the same overheated market of 2005-6 that got us into so much trouble. This author makes a good case that numbers indicate that we are, in fact, returning to a “normal” market. Read on…

http://tinyurl.com/HLMayNews