We are cautious when we look for prospective tenants to rent from us here at Far West Property Management in Prescott. We screen our tenants thoroughly making sure that we don’t miss anything and rent only to those who are the most qualified. It is...
Permanant Job or Passive Income
Are you looking to retire with some passive income as part of your plan for your golden years, or are you looking for a job as a property manager? Surely the answer to this question is that you would like to retire with some passive income. What we are talking about...
Permanent job or passive Income – maximizing your income from rental properties while minimizing effort
Are you looking to retire with some passive income as part of your plan for your golden years, or are you looking for a job as a property manager? Surely the answer to this question is that you would like to retire with some passive income. What we are talking...
Never Settle – a Few Tips
Your investment property in Prescott is ready. It has a fresh coat of paint, new carpeting and everything is in working order. The rental looks better than most of the properties listed for rent in the online classifieds, and you’re excited about starting over...
Never settle – Tips to keep your investment property an investment
Your investment property in Prescott is ready. It has a fresh coat of paint, new carpeting, and everything is in working order. The rental looks better than most of the properties listed for rent in the online classifieds, and you’re excited about starting over...
Landlord Agreements
When a tenant moves out of your rental property, and is no longer obligated to maintain the utilities in his or her name, he or she will typically want to contact the utility provider and ask for service to be discontinued, effective the date of the lease...
Property Management: How Much Can I Get?”
That’s I question I am often asked. It usually goes something like this: Dave, I have (or am considering buying) a 1400 square-foot, 3-bedroom, 2-bath home with a 2-car garage, etc., etc., etc. How much can I get for it as a rental? After...
How we manage properties – The Rental Life Cycle
We get calls from prospective clients wanting to know how we do what we do. We are, at Far West Realty, of course, always glad to give them our “spiel.” You see, it all centers around the diagram above. We call it the “Rental Cycle...
The Rental Cycle of Life: Step 1 – Inspections
Last week I posted a lengthy article covering what we call our “Rental Cycle of Life.” I want to take some time this week and go a little more in depth about the 1st item on the cycle: Inspections. Far West Property Management's idea of managing a property revolves...
The Rental Cycle of Life: Step 2 – Maintenance
Item 2 on Far West Property Management’s Rental Cycle of Life, is Maintenance. I know that real estate investors are ultimately concerned about one thing with regard to their rental properties: ROI (Return on Investment). They work hard, and often long, to get to...
The Rental Cycle of Life: Step 3 – Marketing
The single most effective method we’ve found for finding quality prospective tenants quickly, is online advertising. And, this is simply because it seems that the great majority of people looking for a rental home or apartment, use the internet to do it. At Far West...
The Rental Cycle of Life: Step 4 – Tenant Screening
At Far West Property Management, we thoroughly screen every applicant, using a professional background investigation service. We also speak personally to previous landlords, and current employers to get first-hand input as to what kind of tenants our prospects...