What Exactly is “Normal Wear and Tear”?

What Exactly is “Normal Wear and Tear”?

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…

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Tips to Find Great Tenants For Your Rental Property

Tips to Find Great Tenants For Your Rental Property

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…

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Arizona Security Deposit Laws

Arizona Security Deposit Laws

Arizona landlords have a right to require a security deposit from their tenants, and understandably so. It helps shield them to some extent against liabilities that may arise during the course of a tenancy. An example of a liability is property damage. Generally, landlords expect their tenant to leave the property 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 missing bathroom tiles Chips and burns in laminate counterto…

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8 Tips for Getting Your Property Ready to Rent

8 Tips for Getting Your Property Ready to Rent

The property market is a competitive place, so any successful landlord will need to make sure their property is ready. But getting a property ready to rent involves improving both its physical appearance and functionality. So, when you open it up to prospective tenants, they can easily visualize turning it into their new home. We at Taylor Street Property Management believe the best way to get renters into your property quickly is to ensure its welcoming and fully functional. So, we have put together this article to help any landlord get their…

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Quick Guide to Effective Tenant Screening in Phoenix

Quick Guide to Effective Tenant Screening in Phoenix

To realize the goals that you have set for your real estate investment, you will want to secure tenants within the shortest time possible. However, the need for returns should not result in complacency during the screening and selection process. What qualities should a landlord look for and what checks should be included in a screening process? The team from Taylor Street Property Management has the answers to these questions and more. After reading this article, you will have the information to help you select the best tenants that Phoenix ha…

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