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Running a rental property business without encountering a single-tenant complaint is unfortunately unlikely. Even the best landlords have been on the receiving end of tenant complaints. Since tenant complaints are a huge part of operating a rental home, landlords need to manage them well. The better you are at resolving complaints, the longer you can keep your renters loyalty. Turnovers occur when tenants have property issues that remain unresolved or ignored by the property owner. It’s your duty as a landlord to rectify the situation to retai…

Part of becoming rent-ready is understanding the real estate industry and, just like any other industry, real estate has its own jargon and terminology. This may seem like a barrier between new investors and their peers. But in reality, they are simple terms that just need a little understanding. But in this understanding, you will find you can communicate easily and more confidently with your peers. This is the exact reason why we at Taylor Street Property Management have put together the following list of important real estate terms that you …

Owning a rental property allows you to generate wealth and passive income. But it comes with its fair share of responsibilities and risks. One of the biggest risks to property owners can be problematic tenants. While most tenants will be responsible and take good care of your rental property during their tenancy, others may not be as cautious. Property damage caused by renters is usually accidental, for instance, they may fail to report the need for repairs in a timely manner and that can result in large issues down the line. This can happen, …

Defining Squatter’s Rights in Arizona Adverse Possession is a form of squatter rights. If a squatter resides in your Arizona property for a certain amount of time and meets a specific set of guidelines, then your property may be at risk of becoming theirs legally, even without an exchange of payment. As a landlord, you must familiarize yourself with the real estate law in Arizona to prevent costly issues down the line. Understanding Squatter’s Rights in Arizona A squatter must be in possession of your property for a certain period to gain Squa…

Building a good relationship with your tenants can be challenging. It hinges on personality and cultivating common ground. Sometimes, an effort is necessary to create a good landlord-tenant relationship. As a Phoenix rental property owner, you want a great relationship with your tenants. At Taylor Street Property Management, we make rental management easier and ensure that a healthy connection is maintained with your renters. Here are things you can consider to create solid relationships with your Phoenix tenants: 1. Take time to talk to your t…