How to Maintain Your Rental Property

How to Maintain Your Rental Property

Maintaining your rental property is an essential part of property management. To keep the rental property in top condition, it’s best for landlords to perform routine inspections and maintenance to prevent any repair issues from getting bigger. With regular property inspections, landlords will be able to identify problems early on and resolve them, before they get too big and costly to repair. In addition, the landlord-tenant law, most states include a provision about the responsibilities of both landlords and tenants to ensure that the proper…

Continue Reading...

Hiring a Property Manager vs. Self-Managing: What’s Better?

Hiring a Property Manager vs. Self-Managing: What’s Better?

A rental property's performance and profitability greatly depends on its management. So, the choice of who will look after the property is crucial. Managing your property alone is generally preferable for people with the time, expertise, experience, and resources. But some property owners may choose to employ a property manager to handle their duties so they can focus on enjoying their returns rather than dealing with the bother. To assist you in selecting the best course of action for your rental property, we at Taylor Street Property Manageme…

Continue Reading...

13 Landlord Tips to Have Better Relationships with Your Phoenix Tenants

13 Landlord Tips to Have Better Relationships with Your Phoenix Tenants

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…

Continue Reading...

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...