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As a landlord, having long-term tenants comes with many benefits. When you have reliable long-term tenants the pressure to market your property and find trusted tenants is removed from the list of vital tasks to do. Also, the value of the rental home is elevated with a steady rental income collected each month. Having a long-term renter also gives you the necessary budget for rental property repairs and renovations. While attracting long-term tenants can feel like a huge challenge if you’re a new rental property owner, it becomes easier over t…
Continue Reading...Managing multifamily rental units requires a greater deal of property maintenance tasks given the size and number of residents. If you have multiple occupants and a lot of rental rooms then it means more time must be dedicated to keeping the property habitable. According to Arizona landlord-tenant laws, both landlords and renters have regular tasks to perform. This article will focus on what these duties are. What Are the Property Maintenance Responsibilities of a Landlord? Providing Garbage Bins To help maintain a hygienic rental unit, trash …
Continue Reading...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 …
Continue Reading...Once you have decided to invest in Tempe Real Estate you need to fill your apartment with tenants. To successfully have quality tenants in your Tempe apartment rental, you need to focus on strategic advertising. This should be a priority since vacant rental units net zero investment returns. In fact, an empty unit ends up costing you money for maintenance costs that still need to be paid even without occupants in your property. Though the features in your investment property make your apartment rental a standout from others, if no one knows a…
Continue Reading...Landlords and tenants in Arizona are protected by the Fair Housing Act. This helps landlords treat renters equally, ensuring tenants are protected from discrimination. Understanding the fair housing law helps landlords be consistent with their process beginning with their marketing until the end of the tenant’s lease. If you are renting out your property in Arizona, get MULTIfamily Property Management is here to help! We have put together this article to guide you in complying with the fair housing act and share how you can abide by it. Federal…
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