Prescott is certainly a desirable place to own and rent property. If you live out of the area or out of state there are things you should know about managing property from afar. You already know that managing property and renters is a lot of work with unique...
How landlord-tenant laws affect your rental properties
Laws pertaining to rental housing are established to protect both parties of the landlord-tenant relationship. In our many years of property management in the Prescott area, we at Far West Realty have come to understand the importance of landlord-tenant laws. How much...
Why you need proper property management for your multiple income properties
Proper management will be the link to having lucrative investment properties. So much is at play when it comes to investment properties such as: collecting the rent on time, maintaining the property, advertising, keeping up on the laws, finding the right renters and...
Why you should consider hiring a property management company
Few tenants will care for your property the way that you would. You probably have an attachment to your home(s), especially if you, yourself, once lived in the home and took care of it. Sometimes, it is just best for you to let a property management company like Far...
How much time are you spending managing your rental property
When considering investments, buying rental real estate is often at the top of the list. Among the benefits of buying rental property are: 1) the property may well increase in value, 2) rental income can create a positive cash flow, and 3) there may...
Why you should invest in rental property, as business is booming
If you are planning to buy an investment property in Prescott, don’t let grass grow under yourfeet, as prices seem to be steadily rising. Prescott has been thought of as primarily a retirementcommunity, but don’t be fooled. The Prescott area is growing and...
Types of investors that can benefit from property management
Northern Arizona is such a sought after destination for many types of homesteaders, but for sure investors are attracted to our beautiful quad-city area. Real estate investors are drawn to our market for an array of reasons. Far West Realty pinpoints different types...
Attention Prescott Rentals Are Needed This Spring
Spring is here and it’s often the time to start new or refresh. This is true of rental properties as well. Not only is this a time of year where people may decide to move to a new rental, it’s also the time of year to show your tenants you’d like...
The Life Cycle of a Rental
If you are a new rental property owner, or are considering purchasing a rental property, there are many things you will want to know. One of the most often misunderstood items is the life cycle of a rental. Far West Realty, your local property management company in...
Tips for spring buying of investment property
At Far West Realty we know that purchasing a home can be very nerve racking, buying an investment property in Prescott can be even more so. Everyone remembers purchasing their first home, constantly asking themselves “Did I do all my homework, check the fine...
Issues selling your home? Why not rent it out?
You buy a house, it’s just right and meets all your needs. Then things change. Maybe it's by choice or maybe your work is forcing you to relocate. Either way, you have the same problem - what to do with the old house when you move to the new one. Far West...
How Property Management Can Create Simplicity For You
If you’re a property owner interested in renting your your second home, the choice of how to deal with the management of the property should be a high priority. Far West Realty knows that there are many things that need to be done when managing a rental...