Rental Home Owners, Tempe Property Management

Communication Tips for Rental Property Owners (Part III)

This is the third entry in a blog series discussing owner-tenant communication (blog 1 and blog 2)

Conflict Management in the Property Owner-Tenant Relationship

You've done all that you can to work with a tenant. You've tried to be nice. You've tried to be patient. But you just can't take dealing with issues anymore - something has to change.

Chandler and Phoenix Property Management

Communication Tips for Rental Property Owners (Part II)

This is the second entry in a blog series discussing communication between owners, or property managers, and tenants. In our last blog we discussed several communication tactics for filling vacancies and, using these tactics, we are sure you can find excellent tenants.

Once you have these tenants, your communication with them is still important because, by communicating well, you will increase your chances of getting a positive return on your investments.

Property Management in Surprise

Can You Prevent Tenants from Breaking Their Lease?

Pop quiz: What is the most expensive aspect of owning a rental property?

a) Property maintenance and repairs
b) Insurance for the property
c) Replacing the stairs from the 2nd floor to the 1st floor with a slide
d) Sitting on market

If you answered D, you were correct! And if you answered C, well, invite us over some time because that sounds amazing.

Cave Creek Property Management, Property Investment

Communication Tips for Rental Property Owners (Part I)

Poor Communication is the root of many problems in our day-to-day lives. For example, according to an article published in the New England Journal of Medicine, 30% of hospital errors can be linked to poor communication. Property Management is not immune to this challenge, but there are a variety of ways that property owners can combat the problem of ineffective communication.
Eviction and Property Managers

How to Evict a Tenant the Right Way

As you become an experienced property owner it is inevitable that you will deal with an eviction. No matter how thoroughly you evaluate all potential tenants there is no guarantee you will select the right person. Unfortunately, eviction can be a very costly process that can be more than $3,000 in legal fees, lost rent and damages. Moreover, it can be a difficult process to navigate, resulting in a great amount of frustration.

Property Management on College Campus

Should I Rent to College Students? - The Pros and Cons

College students tend to begin their college years living in the dorms, which can be overly crowded and noisy. For some, it's easier to spend their waking hours at coffee shops and parks instead of their "home". This is why many will seek alternative arrangements, like renting apartments with others, which is why college real estate is often a smart investment.

Property Management in Surprise Best Property Managers

How to Deliver Bad News and Still Keep Your Tenants

If you have ever spoken with any of us at Active Renter Property Management, you probably know that we put customer service at the forefront of our business. Therefore, you will probably not find it surprising that we believe all landlords are, at their core, customer service providers.

Sadly, it is all too often that inexperienced property managers fail to recognize that this is a major component of their role. This always ends in the same way for those owners—they lose tenants.

Eviction Advice for Property Management

2 Tactics Property Owners Can Use to Achieve Low Eviction Rates

A recent study suggests the Southwest region of the U.S. (including Arizona) is one of the top three areas for rapid growth in the rental markets. The cost of rentals has risen almost 9% in a single year, and demand has increased by almost 5%. These statistics may make landlords and rental property owners feel like rejoicing, but other industry statistics might give them pause.

Tenant Retention

Assessing the Impact of Low Tenant Retention

Most property owners know that it is financially detrimental when a tenant moves out. After all, there will be at least one month of rent that is lost during the transition. However, it can be more when you take a look at the bigger picture. For example, one Scottsdale rental property owner examined the following line items that appeared each time a rental went vacant and this is what was found:

    Handling Tenant Deposits

    Are You Handling Deposits Properly?

    If you are a rental property owner in the Phoenix area it is likely that you have handled your fair share of security deposits or hold deposits. What you may not know is whether you handled them properly. While the laws of various states can be confusing, Arizona's are fairly straightforward. You can only ask for one and a half months' rent, you must return it within 14 days of vacating (along with an itemized statement of any deductions), and you cannot discriminate where deposits are concerned. In other words, you cannot demand that someone with children pay more than someone without.