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PROPERTY MANAGEMENT BLOG

Friday, June 25, 2021

Tax Deductions You Can Claim on your Phoenix Rental Property
Property Management Blog
One of the benefits to owning rental property in Phoenix is that you can access a number of tax deductions. Talk to your CPA or tax accountant to make sure you’re taking full advantage of the write-offs available. They can offset your rental income and help with your overall tax exposure at filing time. Here are some of the mos...

Friday, May 28, 2021

How to Conduct a 1031 Exchange with Your Phoenix Investment Property
Property Management Blog
Many real estate investors with Phoenix rental properties have discovered the potential and the savings involved in a 1031 tax-deferred exchange. The term 1031 represents the section of the IRS tax code that allows investors to trade like-for-like real estate to defer the payment of taxes on some or all of the gains they earn when selling...

Friday, April 30, 2021

How to Diversify Your Real Estate Portfolio: Advice for Phoenix Rental Property Investors
Property Management Blog
If the idea of diversifying your real estate portfolio challenges you, we understand. When we talk about it with our own investors and owners, we often evaluate how it differs from our own investment goals and philosophy. As small, local real estate investors, we started out our investment career by using the principle of leverage. W...

Friday, July 3, 2020

What Questions Should I Be Asking a Phoenix Property Manager Before Hiring Them?
Property Management Blog
When you’re looking for a Phoenix property manager, you might think that the most important question you can ask is: “What are your property management fees?” This is a common question that we hear all the time, but it’s definitely not the most important thing to think about when you’re looking for a team of ...

Friday, June 5, 2020

What's the Difference Between Normal Wear and Tear and Tenant Damage in Your Phoenix Rental Property...
Property Management Blog
As a professional Phoenix property management company, we have a lot of experience inspecting properties after move-out and returning security deposits to tenants. Our expertise is a huge resource for the owners and investors we work with because the difference between tenant damage and normal wear and tear isn’t always easy to iden...

Friday, May 1, 2020

Allowing Support Animals in Your Phoenix Rental Property versus Pets
Property Management Blog
A lot of Phoenix investment property owners see their rental properties as mathematical equations. When it comes to the question of allowing pets, those animals are usually considered to be in the expense column.However, in many situations, allowing pets can actually earn you more money. Today, we’re talking about pets and support ...

Friday, April 3, 2020

Mesa Property Management Rent Collection Process
Property Management Blog
Your rent collection process starts with a strong lease. Your lease agreement must spell out how much rent is due, when it is due, and how a tenant can pay.Make sure you understand the Landlord Tenant Act when you’re putting together a lease agreement. You want to protect yourself and your property, as well as the tenant. You can&rs...

Saturday, March 28, 2020

Rental Home Inspections During the Coronavirus in Mesa | Letter to Landlords
Property Management Blog
BPM management (full disclosure: my daughter Anne) has asked me to write a note regarding property management in the time of COVID-19, particularly from the perspective of a local owner. Barbara and I are two of the larger clients for BPM.Every year at about this time I do a walkthrough of each of our properties. It is almost the only ti...

Friday, March 6, 2020

How to Properly Handle a Security Deposit Return in Phoenix
Property Management Blog
The security deposit is collected from your tenants before they move into your rental property and begin the lease term. The same deposit is returned at the end of a lease, after the tenants have moved out and you’ve established whether there was any damage to the property or remaining unpaid bills for which your tenants are respons...

Friday, February 21, 2020

How to Evict a Tenant in Phoenix - Rental Management Advice
Property Management Blog
There are many reasons to evict a tenant, but the most common reason is nonpayment of rent. If your Mesa or Phoenix tenant isn’t paying rent, start the eviction process as soon as possible. You should do everything you can to work with your tenants on getting the payment in, but be prepared to evict. You don’t want to lose any...

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