As I’ve alluded to in my last couple of posts, anyone who’s ever dealt with property management of their own rental property, especially long-distance, has experienced some of the stresses and strains associated with it. Management of rental property...
A couple of years ago, a man and his wife applied to rent one of the properties we manage. On paper, they looked very good, being well employed, having a decent debt-to-income ratio and no criminal history. As I always do, if applicable, I called the individual they...
We at Far West Realty of Prescott would like to share a story about how prevention trumps cure every time when it comes to managing rental properties. Back in the 90’s, before I got into Real Estate and Property Management, I served 8-years as a constable in...
Some landlords believe that after a tenant is selected for a residence, the only thing required after that is to collect the monthly rent. This is far from the truth. To maintain and keep a good tenant in your property, you must remain aware of what the tenant and...
Back in ’07 when I first became an owner of a real estate company in Prescott, Arizona, I made calls to all my previous real estate clients to let them know. One of those clients had been the broker of his own real estate company for many years in western...
A number of things happen when a good prospective tenant first sees your rental property. Among others, they decide very quickly whether it appeals to them. If it does, they also get a pretty clear impression of what level of cleanliness, care and maintenance is...
