Sunday, April 20, 2014

Should I Buy a Home Warranty for My Rental Property?

I am often asked by our landlord clients if they should purchase a new home warranty or continue an existing home warranty on their rental home. Of course, they are looking for a “yes” or “no” answer. However, I always give them the dreaded “it depends” answer. I suggest that they shou...

Sunday, April 6, 2014

Millionaires? Billionaires? Who do you picture when you hear the word “landlord”?

The bulk of the landlords in our current market are either the “mom and pop” investor or what we call a “reluctant landlord.” A “mom and pop” investor is an investor that owns one or more rentals that they will one day use to fund their children’s college tuition or retirement. A &ldqu...

Thursday, March 20, 2014

Eviction for non-payment of rent in Arizona – the basics

After teaching property management courses for the last couple years, the one question I will nearly always get regardless of which class I am teaching, is “how does the eviction process work?” So I thought I would take you through the basics of the process to answer that question. For the purposes of this article,...

Thursday, March 6, 2014

5 Questions You Must Consider Prior to Purchasing a Rental Property

Although both the average and median sales prices of single family homes continue to increase and we’re continuing to see other signs that the real estate market in Tucson is improving, it is a great time to buy real estate here in Tucson. It’s important to understand, however, that these numbers are driven primarily by ...

Thursday, February 20, 2014

What is the best carpet for a rental property?

This is a question I am often asked. In order to make a decision, there are several different carpet piles, fibers and prices to consider. Let’s begin by considering the biggest mistake landlords make. The most common mistake I see landlords make is that they install the cheapest carpet they can buy. Although this ...

Sunday, February 2, 2014

Tucson house rents for a Median of $1,100 in 38 days in 2013

I recently evaluated the Tucson residential rental market from January 2013 through December 2013 using Tucson Association of Realtors Multiple Listing Service (MLS) statistics. Although not all rentals are captured in the MLS, it is fair to say that the data captured is a representative sample. Single Family Homes Using th...

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