Arizona Security Deposit Laws

Arizona Security Deposit Laws

Arizona landlords have a right to require a security deposit from their tenants, and understandably so. Tenants security deposits help shield them to some extent against liabilities, such as unpaid rent, that may arise during the course of a tenancy. An example of a liability is property damage by a tenant. Generally, landlords expect their tenant to leave the rental unit the same way they found it, aside from normal wear and tear. Examples of damage exceeding normal wear and tear include: Stained carpet and linoleum Wall drawings Broken or m…

Continue Reading...

Renting Out Your Home in Phoenix: Everything You Should Consider

Renting Out Your Home in Phoenix: Everything You Should Consider

Being a landlord can be a lucrative investment venture. The potential passive income you get can help you diversify your income streams. Renting out a house does, however, come with its fair share of challenges. So, if this is your first time doing it in Phoenix, AZ, then it’s vital that you know certain things for your investment to thrive. Below are some of the things you’ll need to do to get started as a landlord. Know What You’re Getting Yourself Into Being a landlord isn’t as easy as it sounds. It goes far beyond just finding a tenant a…

Continue Reading...

Collecting Rent on Your Phoenix Rental Home

Collecting Rent on Your Phoenix Rental Home

An efficient rent collection system is every landlord’s goal. Owning multiple rentals or an apartment complex that houses several tenants highlights the need for a good rental payment system. It’s imperative to monitor closely which renters already paid their rent dues for the month. After all, 100% collection leads to a steady income. A variety of rent collection methods are available. As a landlord, you need to know which one works better for your Phoenix rental home. This article will highlight the different techniques to collect rent. Consi…

Continue Reading...

How to Film a Great Video Tour of Your Rental

How to Film a Great Video Tour of Your Rental

Thanks to modern technology, property owners can now successfully promote their properties in many more ways than just an open house. To begin with, you don’t have to rearrange your schedule to make time for a home showing and compared to individual viewings, virtual tours address a much wider audience. Making a virtual tour of your home may seem like a challenge, especially if you've never done it before. But an effective video can make the difference between finding a new tenant and the property remaining empty for a long time, making your ma…

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...