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Conducting rental inspections is a key responsibility for landlords. Regularly inspecting your Phoenix rental property can help you ensure your property is well maintained. Additionally, the inspections ensure that small issues are addressed quickly before they become bigger and therefore more costly to repair. That being said, as a landlord, you have a duty to respect your tenant’s right to privacy. Conducting the inspections too often could lead to potential harassment claims. So, how often should you inspect your Phoenix rental property? Th…

Landlords can rely on having a fixed passive income when they’ve attracted long-term tenants to their rental homes. Having rented out your property for some time, you may arrive at the point where you want to increase your rental rates. On paper, raising the rents can be a good idea. After all, who doesn’t want to earn more from their investment property? But you also need to entertain the other possible consequence of a higher rental price. Some tenants would find that it exceeds their monthly budget and won't renew their lease. If you have …

Keeping your tenants happy can be difficult, but it’s an important responsibility that comes with being a landlord. Happy tenants will likely to review their lease, which reduces the amount of time and effort you have to put into finding new ones. Additionally, happy tenants are usually less likely to damage your property, making repairs easier for you. As a landlord, you want to attract quality tenants who will pay rent on time, take care of your property, and stay as long as possible. However, it’s equally as important to find ways to keep yo…

When talking about rental properties as a landlord, you might come across the term, “normal wear and tear”. This generally means the foreseeable depreciation coming from the occupation of a property. This is natural and is not considered a devaluing of the rental as a result of a tenant’s neglect or abuse. Property owners are responsible for dealing with “normal and tear”. If you suspect that a tenant may have caused property damage, you need to be familiar with the term wear and tear first to spot the difference. This will help you hold the ri…

After converting your property into a rental, the next thing to focus on is landing great tenants. To ensure that you’ll protect your earnings, it’s essential to welcome the right tenants into your unit. The best tenants pay the rent on or before the due date, leave a minimal wear and tear in your property, report property issues right away or file for maintenance requests, and honor the quiet enjoyment of other tenants or neighbors. But how do you land such a tenant? Keep reading to find out! Recommended Tips to Land Tenants Two ways are open…