A Guide to 1031 Exchanges in Phoenix

A Guide to 1031 Exchanges in Phoenix

If you’re a real estate investor in Phoenix, Arizona, it’s important to understand the city’s most important real estate terms, laws and ordinances. This includes certain tax laws that may affect your investment. For example, you may be planning to sell your property in Phoenix. If so, you should be familiar with the 1031 tax-deferred exchange and understand how it works so you can use it to your advantage. At Taylor Street Property Management, we believe understanding the 1031 exchange laws are a great tool an investor has their disposal. W…

Continue Reading...

How to Know if Your Rental Meets Safety Standards

How to Know if Your Rental Meets Safety Standards

Keeping your property safe for your renters is part of your obligations as a landlord. To protect yourself and your tenants, you should focus on ensuring safety standards are followed when it comes to your rental unit. By thoroughly inspecting your home, you can prevent any costly damage from building up and hopefully safeguard the value of your rental property. At Taylor Street Property Management, we believe that showing you how to keep your property safe is a great way to keep your renters happy and keep your bottom line healthy. Contact us…

Continue Reading...

How to Calculate the ROI on A Property Investment

How to Calculate the ROI on A Property Investment

Buying an investment property can be one of the best decisions you can make! If you go about the process the right way, you can set yourself on the journey to financial freedom. You can use this potential income to pay down debt or save up for your retirement. But buying a real estate is a journey. You’ll need to do your proper due diligence in order to avoid potentially costly mistakes. A key part of this process is calculating the return on investment (ROI) of a property in order to ascertain whether it’s going to be worthwhile or not. Afte…

Continue Reading...

How to Attract Long-Term Tenants

How to Attract Long-Term Tenants

It’s true that property investments and leasing are good sources of passive income. However, without long-term tenants on your property, this cannot be achieved. With long-term tenants, you’ve assured a more steady stream of income. It also means saving money and time that would go towards finding new tenants. But to land qualified, long-term tenants landlords have to put in continuous effort to ensure their renters are satisfied. This guide will provide you with some tips and tricks to land and keep long-term tenants and boost your ROI. Off…

Continue Reading...

How to Be a Long-Distance Landlord

How to Be a Long-Distance Landlord

A real estate investor may not necessarily stay where their investments are. Circumstances such as work relocation or finding an affordable property in a better area may be hard to ignore. So, instead of selling your old home, you may have chosen to convert it into a rental to earn passive income on the side. In the past, this may have been a significant challenge, but with today’s technology, communication, coordination and rent collection is considerably easier. Still, operating a rental home when you’re not living in close to it has its ow…

Continue Reading...