Posts Tagged ‘Landlords’
No More Renter Tax aka TPT or Transaction Privilege Tax.
Starting January 2025 there will no longer be renters tax charged or collected in Arizona for tenants that are renting homes, condo, etc. This does not apply to hotels. This is a wonderful change that we are excited about. Not only will it cut down on confusion for tenants to determine what they need to…
Read MoreProperty Management Air Filter Issue and Remedy
I just took over a property that I will be managing and I wanted to point out a couple things to you. When I was walking through the property, I noticed the register vents, just really, really dirty. That’s the air from the air conditioner or heater or from the HVAC system that’s coming out…
Read MoreDoes your Property Manager Protect your Rental Property?
Do you or your property manager have preventative measures in place to protect your very valuable rental property? Today I wanted to discuss Air Conditioners and in particular condensation drains. The air conditioners job is pretty straight forward, it simply takes incoming air that travels through an air filter, cools it, and returns it to…
Read MoreShould I Accept a Partial Payment from my Tenant?
This is a loaded question, the answer is maybe. The problem with accepting a partial payment is that you cannot then turn around and evict them, at least immediately. Example, you accept $500 on the 4th of the month and then try to evict on the 20th. If the tenant shows up in court the…
Read MoreQuestions to ask your Property Manager
If you are considering a property manager there are things you should consider and look at beyond the fee that they charge. Just like any other industry, there are good, bad, and everything in between. Some place their value on a ultra low price and some pride themselves as a quality service and charge accordingly.…
Read MoreTips on Finding Great Tenants
Let me start by saying tenants get a bad wrap, or maybe are stereotyped for being somehow not as worthy or good as homeowners which creates fear amongst owners. Stereotyped as dirty, mean, won’t pay rent, will damage the property, etc.. Sure, it happens, but more often than not they are great, pleasant people, especially…
Read MoreIf you Own a Rental Property you may be Subject to Transaction Privilege Tax
I attended a meeting yesterday with fellow NARPM (National Association of Residential Property Managers) members and the AZ Department of Revenue where they discussed the upcoming TPT (Transaction Privilege Tax) filing and licensing changes. First, this is a boring subject for most so I will keep it short and sweet with bullet points on what…
Read MoreCommon Ways Landlords Fail
This business is easy to succeed but also easy to fail. As a professional property manager I see a common theme among some landlords that maybe should be using a property manager instead of trying to handle it themselves. Here is a short list of common fails. But we are also solution oriented so I…
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