The results of our recent survey about the economy and real estate market reflect uncertainty amongst landlords and investors during an election year and the Covid-19 pandemic. Although 33% of respondents anticipated a “strong” economy over the next 12 month, 67% felt that the economy would be “fair or weak”. Ratings of “very strong” or …
Continue reading “Survey Results – Is Now a Good Time to Invest?”
Like most business decisions, there are risks involved when investing in real estate. But this is not a “Don’t invest in rentals post”; this is an “opportunity to beat the risks by understanding them” post. Basically, all business risks have one thing in common – they create a situation where your financial outlay is greater …
Investing in rental properties can be a rewarding experience or a journey to you-know-where and back. The truth is you hold the power to make your investment experience a great one – by being a winning landlord. Here are some top suggestions to get you going. Communicate. Communicate. Communicate: No matter what you are trying to …
Continue reading “How to Win “Landlord of the Year” from Your Tenants”
Security deposits are just that – a deposit to protect the landlord if a tenant leaves without notice, without paying, or damages the property. They are not an opportunity to make a less than ideal tenant “pay.” While retaining a portion of the deposit is sometimes necessary, documentation is essential. So, let’s start at the …
Continue reading “Security Deposits – What’s Mine and What’s Theirs?”
We’re reaching out to our community of Landlords, Investors and Real Estate Professionals to get your opinion on the economy and real estate. Let us know what you think! Click below to answer our quick, two question survey.
Section 8 housing was established by Congress to assist those who need a home or apartment to rent, but their income can’t cover the expense. Section 8 provides a “voucher” to cover a portion of the rent payment. A number of factors are included to determine the Section 8 voucher amount such as fair market …
Continue reading “The Pros and Cons of Being a Section 8 Landlord”
In recognition of World Homeless Day, Rentals America is proud to support Tempe Community Action Agency (TCAA) and the I-HELP campaign. The I-HELP program strives to improve the economic status and self-sufficiency of homeless men and women. “As the homeless population continues to rise, in turn, the volume of affected people unable to access services …
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Like most businesses, rental property owners must adapt to the “new normal” and change in our COVID-impacted world. From social distancing and cleaning procedures, to renters who have been hard hit economically, landlords are searching for new ways to handle their rental properties and navigate the challenges. Communication – good, consistent communication – is essential. Don’t …
Continue reading “Your Rental Properties and the “New Normal””
According to CoreLogic’s recent Single-Family Rent Index report, Phoenix had the highest year-over-year increase in single-family homes rent in August 2020. Among the 20 metro areas included in the report, Phoenix had the highest year-over-year increase in single-family rents at 5.8%. Tucson, Arizona, had the second-highest rent price growth with a gain of 4.8%.
There is an old saying that goes, “It’s not the initial cost, it’s the upkeep!” A fitting saying for many situations and certainly one to consider when investing in home rentals. Preparing a home for rental goes beyond the purchase price. It includes remodels and upgrades that give you the best bang for your buck …
Continue reading “Rental Renovations with a Solid Return on Investment”
