Learning Center

Rent concessions are everywhere in Phoenix right now, and if you own a fourplex, a 12-unit, or a 40-unit building, you have probably wondered whether you should match them. A rent concession is a one-time incentive, like a free month, that gets a lease signed without changing the rent in the lease. Lowering the rent is the other option, and the two are not the same thing on your books. This guide walks through the net effective rent math on a real Phoenix number, what the latest vacancy data says, and what we try before giving away any rent at…

If you own a 10, 20, or 50-unit property in the Phoenix area and you have collected a few quotes, you have probably found that MULTIfamily property management fees in Phoenix are almost impossible to compare. One quote is a percentage, another is per door, and the leasing and maintenance costs are buried in the fine print. This guide breaks down how much property management costs in Phoenix and how MULTIfamily management fees actually work, so you can read any quote and know what you are really paying. You can also see what is included on our …

If you own a rental in the Phoenix area, the Arizona residential rental tax rules that shaped your lease and your bookkeeping have changed, and one line on your rent statement is probably now out of date. For years, most Arizona cities charged a transaction privilege tax on residential rent, and landlords passed that rental tax along to tenants as a separate line item. That residential rental tax is now gone for long-term rentals across Phoenix, Tempe, Mesa, Chandler, Gilbert, and Scottsdale, and a lot of owners are still collecting it out of …

There are many reasons why a property owner chooses to rent out their home. It could be because you want to earn passive income, collect the return on your investment, or save money to pay off debt. Whatever your reason for renting out your house in Tempe, AZ is, it is a good practice to weigh all the pros and cons to maximize your profit and have a thriving business. If you own a rental property that is near a beach, has a view, or located in the city, renting out your home as a seasonal or short-term rental is a good idea. However, you need t…

As a landlord, it is crucial to get your tenant to sign a lease before allowing them to occupy your rental unit. A leasing contract is binding to the landlord and renter. It provides critical details of the duties and rights of tenants and landlords, including specific property policies, clauses, and required disclosures. A lease agreement also offers more protection than simply relying on verbal agreement. It reduces future disputes since verbal arrangements can lead to being forgotten or misinterpreted. A written lease agreement has all the …