2
Jul

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2
Jul

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Dec

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11
Oct

Residential Property Management Phoenix

Investing in Real Estate

Investing in real estate is an exciting way to expand your income potential.  As with all investments, there are risks involved so it is a good idea to educate yourself about the business before you invest your hard-earned cash into a property.  There are several important questions you should ask before investing that will help you understand the market and make it easier for you to make the leap into residential property management in Phoenix.

How Do I Invest In Real Estate?

Every investment is different and one investment strategy is not going to work for all properties or investors.  When considering an investment property, you should decide exactly what you want, need and expect from your investment and set some long-term goals to work towards.  Then you can establish a plan to follow in order to achieve your goals.  Once you set goals and build a plan, it is easier to focus on searching for the right investment properties that will allow you to achieve your financial goals.

How to Find the Right Realtor?

A realtor is someone who is going to help you find potential investment properties.  A good realtor will take the time to get to know you and to find out more about what sort of properties you are looking to buy.  Beware of realtors who are eager to take you on as a client without asking you questions about what kinds of properties you are looking for.  Save yourself time by getting to know your realtor and giving him or her a clear, precise idea of what types of investments you want to make.

What to Look for in a Property Management Company?

When choosing a property management company, look for companies like Homelovers that have a proven track record and are well established in the industry.  It is also a good idea to find companies who have owned investment real estate themselves.  This allows them to understand the situations that you will get into as an investment property owner.  Choose a company that has a strong customer service department and a good marketing staff that handles incoming calls for tenant inquiries.

Why Invest in Phoenix?

Sunshine! Yes, that’s the number one reason that many people find the idea of buying investment properties in Phoenix to be very intriguing.  Twelve months of sunshine and warm weather appeals to many people, in particular the aging baby-boomers who are entering into retirement and want a warm escape from those cold climate zones.  Also, Phoenix is lucky to be in a location that has very few natural disasters, which basically guarantees the safety of your rental properties as well as your tenants all year round.

How Do I Contact Homelovers?

Homelovers

4001 E Broadway Rd., Suite B19
Phoenix, AZ  85040(602) 792-5333

Monday – Friday 8:00am – 5:00pm

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11
Oct

Property Manager Phoenix

Questions About Renting Properties

Once you have found and purchased a property that you plan on using for rental income it is important to find a good tenant for your property.  Also, it is wise to determine how the property will be maintained. If you are a handy person, you may want to take care of maintenance and upkeep and repairs on the property yourself. Eventually, you may find that maintaining your property, especially if you have more than one, can be quite time consuming so another option is hiring a property manager in Phoenix.

How Do You Handle Maintenance?

Anyone who owns a home knows that at some point, something will break or clog at the worst possible time. One of the most important things you must keep in mind when hiring maintenance people is that you need them to be available 24 hours a day, 7 days a week, 365 days a year, including nights, weekends and on holidays. No one likes to wait for a repair so it is important that your renter have their needs taken care of as soon as possible. Dave Zundel, of Homelovers, recommends that you hire handymen and contractors that are licensed, bonded and insured. Although it may seem economical to hire lower priced workers, as the old saying goes, you get what you pay for, so be willing to pay for good work. Avoid hiring people without checking into their backgrounds; you want to take the safety of your property and the renter into consideration before sending someone of questionable character into the home. Also, smaller maintenance providers are often unable to offer guarantees and warranties on their work or on the products they use.  Hiring a property management company to take care of your maintenance issues is another option.  These companies have staff and established maintenance crews that will be ready and able to assist you and your renters at any time of the day or night.

How Do I Find a Good Tenant and Keep Them?

Now that you have a rental property, it is time to find a tenant. There are several things that will help you find a good tenant. First, try to make your property as appealing as possible. Even if your property is located in a less than perfect location, that doesn’t mean that it has to look less than perfect. Second, make sure that you price the property right. Just a few dollars too high can cause people to avoid your property leaving it vacant for more days than you would like. If your price is right, you have a better chance of attracting the more desirable tenants. Third, have an extensive and vigilant screening process. In many cases difficulties with renters could have been avoided if the investor had been more careful about who they were renting their property to.  Try to find out as much about the renter as possible before signing that lease.

How Do I Choose a Property Management Company?

If you do decide to work with a property management company, look for a company that has been around for a while and that has a good reputation in the industry. Many companies, like Homelovers, are investors in the real estate industry as well which makes them more familiar with the ups and downs of dealing with renters. Make sure that the company that you choose has a good marketing staff and that they have a good customer service staff. These are the people who will handle any difficulties that your renters have so they should be kind, courteous and helpful.

How Do I Contact Homelovers?

Homelovers

4001 E Broadway Rd., Suite B19
Phoenix, AZ  85310

(602) 792-5333

Monday – Friday 8:00am – 5:00pm

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11
Oct

Property Management Phoenix Arizona

Finding the Right Property Management Company

Once you have purchased an investment property and have found a tenant your next step should be focusing on how to properly maintain and manage the property.  If you are like many investors, you probably have a full time job that occupies most of your time leaving you with little or no time left over to spend on your property.  One solution to this problem is to find a great property management company.  A property management company will maintain and manage the property and help take care of the needs of the tenant.  Dave Zundel of Homelovers is familiar with property management in Phoenix Arizona and he has a few questions you should ask when looking to find the right property management company for you.

What Do You Look For in a Property Management Company?

Almost anyone who has a real estate license can manage a property.  It’s not uncommon for real estate agents to turn to property management to supplement their income when the real estate business slows down.  Unfortunately, many real estate agents do not have the skill set required to successfully manage investment properties.  Also, they tend to leave the property management market once real estate sales pick up.  Expertise and stability are two of the main qualities that you should look for in a company.  Choose a property management company that has been in the industry for a long time and has a proven track record.  You want to find someone who is very reliable and dependable and who has shown that they are going to work hard and do a good job for you.

Does the Property Management Company Own Real Estate?

When choosing a property management company look for one that has experience in owning their own investment real estate properties.  It can be difficult for someone who has not had renters to understand how to handle any difficulties that occur.  Having dealt with renters and the problems and issues that arise with them helps the company understand any challenges that you may face with your tenants.  They will be better able to assist you and your tenants if they have previous experience in working with renters in the past.

What Does a Good Property Management Company Do For You?

Companies like Homelovers, who are investors themselves, focus on providing good customer service that gives clients a good experience.  Marketing plays a large part in allowing investors to maximize their investment.  The goal of the company is to limit the amount of days vacant and to help the investor make as much money as possible from their property.

How Do I Contact Homelovers?

Homelovers

4001 E Broadway Rd.

Suite B19
Phoenix
AZ
85310

(800) 555-3065

Monday – Friday 8:00am – 5:00pm

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