Arizona is one of the best states to invest in real estate. Not only is it landlord and Airbnb friendly, but property taxes are relatively low and home values are increasing drastically. Families and individuals are looking for accessible and affordable housing. Phoenix was recently ranked #1 for increased rental prices. There is a significant disparity in supply and demand …
Looking to Rent out a New Property?
What are the Top 5 tips for new Rental Properties? If you are new to being a landlord, there are basic tips for starting your rental home business.We have outlined the top 5 tips for beginning rental properties. 1. Research comparable homes in your area. The best way to determine your home’s rental worth is to see what other homes …
First time Renters? What you need to Know
At Alter Property Management, we are invested in providing quality service to both our propertyowners and the tenants that occupy our properties. If you are looking for a first time rental orseeking a new rental, we have 7 of the best tips for you.1. Work with a ProfessionalWhen it comes to finding your next home, you want the help of …
Phoenix Rental Home Prices Continue to Increase
Rising PricesIn Arizona the average rental price has climbed 15% or more in some situations. Some Arizonacities report more of a rental increase than others. Gilbert has seen rent skyrocket 24%between March 2020 to September 2021. In some instances, people are reportingrental bidding wars for properties in desirable areas. The U.S. Labor Department hasreported that consumer prices rose 5.4% for …
Renting your property when it has a pool
Congratulations! You have your first rental property and are ready to get started making money. Does your new source of passive income have a pool in the backyard? If so, you will want to keep reading. Rental Properties with Pools In Arizona, the summers are extreme! In 2020, Phoenix saw 145 days that were over 100 degrees. Arizona also sees …
Why do I need a Property Manager?
Why do I need a Property Manager? You have decided to make an investment and buy a rental property! Rental properties are booming as more families and people move to Arizona. Now is a great time to invest in the real estate market and generate passive income while creating generational wealth for your family. If this is your first rental …
The importance of AC for your property rental
Your duty as a Landlord. In Arizona, a landlord must provide a rental property that has fully operational appliances and is safe to occupy by law. This law also states that air conditioning or cooling is included. If you have been in Arizona for one summer, you know that the heat can be brutal. Every year there are an average …
AC Servicing
Record head means record money being spent on air conditioning units. In this article we will explain the importance of servicing your unit to mitigate some of these costs. The Arizona Landlord Tenant Act states that we as rental property owners must be able to provide our tenants with a HABITABLE living area, and as you can imagine case law …
Should I Accept Pets in My Home?
Many landlords have asked us the question, should I allow pets in my home? Well here we are going to talk about some of the Pros and Cons so that YOU can make the decision for yourself. Pro: Broad Rental Pool According to Spots.com 85 million American Homes own pets, which equates to about 67% of our population. By accepting …
What Can I Do with a Security Deposit?
Security Deposits are there when you need them, that is, so long as you use them correctly. It only takes common sense to realize that a tenant should be charged if they punch a hole through a door, put a pair of underwear down a toilet that causes a flood, or accidentally runs their car into the garage door leaving …