I think one of the essential elements of handling any rental property is creating what I refer to as a “Good” lease. Leases are not “one size fits all” things. Some landlords try to use fill-in-the-blank lease contracts without the necessary experience or expertise...
The Rental Cycle of Life: Step 6 – Manage & Monitor
All too often landlords are so relieved to get a tenant in their rental property, that they forget or overlook one of Yogi Berra’s truest truisms: “It ain’t over ‘till it’s over!” A wise landlord doesn’t just sit back and wait for each month’s rent check to arrive. ...
Some keys to landlord success – Keep an Eye on the Property!
Here are a few tips from the experienced managers at Far West Property Management in Prescott:• Walk through your rental units regularly. We recommend at least once every four months. Don’t just drive by the units and expect that to...
The Rest of the Story (When Screening Prospective Tenants)
Screening prospective tenants - Property Management in Prescott by Far West Realty Sometimes screening potential tenants can be as much art as science. More than once I’ve received applications from people who look like really good prospects – on...
Screening Prospective Tenants – The Rest of the Story
Sometimes screening potential tenants can be as much art as science. Far West Property Management in Prescott discusses issues encountered with tenants in Prescott. More than once I’ve received applications from people who look like really good prospects...
The Essence of Walk-Through Inspections in Managing Rental Properties
As we’ve noted before, Far West Property Management monitors our managed properties by means of personal walk-through inspections in Prescott. We do these about every 3 months. But, just what are we looking for when go to a property to perform such...
Property Maintenance and Property Management Tenant Screening
Far West Realty’s Property Management division is a selective, high-quality service company. Managing only about a hundred carefully chosen properties, we are a fairly small company, focused on meeting the individual needs of each client and his or her...
An Overview of Property Management
Far West Realty’s Property Management division in Prescott is a selective, high-quality service company. Managing only about a hundred carefully chosen properties, we are a fairly small company, focused on meeting the individual needs of each client and his or...
The Ideal Time to Purchase Investment Properties
Given you are in no rush to buy, you might as well wait for the best time of the year to buy property: November, December, and January. Far West Realty looks to provide clarity on the best time of year to purchase investment property in Prescott. Far West Realty...
Tips on the Best Starter Investment Properties
From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting for the first-time investor. Owning property is a tough business and the field is peppered with land mines that...
The Positives to Owning Investment Properties
Far West Property Management in Prescott provides reasons why investment properties in Prescott are a good idea. An income property is a property bought or developed to earn income. Keep in mind that while there are many advantages of investing in real estate. ...
Advice on Purchasing Investment Properties
For months now, the U.S. housing market has been hampered by too few homes being chased by too many buyers. The shortage of properties is a problem not only for those looking for a place to live, but for those who are looking to invest in real estate. Far...