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Any landlord knows that having to evict a tenant from your rental property is never ideal. However, sometimes it is a necessary course of action in order to prevent further issues with a problematic tenant. Arizona, like many other states, has a unique set of rules and regulations regarding how eviction processes must take place. If you are a landlord with rental properties in the state of Arizona, it is crucial to be aware of the following laws and the security deposit laws so that you can avoid legal issues. Legal Causes for Eviction in Ari…
Continue Reading...When investing in property you have a lot to consider. Do you require your tenants in Arizona to pay a security deposit prior to moving in? If you do, you must abide by certain rules. The rules are primarily regulated under AZ Rev Stat § 33-1321. Understanding this piece of legislation can help you avoid potential issues with your tenant in the collection and return of their security deposit. Landlords require tenants to pay a security deposit in order to cushion themselves from potential financial damages that may arise during the term of th…
Continue Reading...In the US, most states have their own set of laws when it comes to rental properties, and Arizona is no different. If you are curious about what Arizona landlord tenant law is set in place, keep reading! Arizona Tenant Rights and Responsibilities The rights of an Arizona tenant rights include: Not pay MORE THAN one and one-half month’s rent for security deposit. Pay rent and fees according to their lease. Maintain the rental, including keeping it clean and safe and using it as it’s intended. Not deliberately damage any part of the rental. Noti…
Continue Reading...If you’re thinking about investing in some MULTIfamily homes then now is a great time. The market is perfect for anyone looking to buy a MULTIfamily home, duplex, or triplex and improve it. There are so many simple ways you can improve the MULTIfamily property that will give you an excellent bang for your buck. All it takes is a few changes to turn your MULTIfamily home into a great rental property that will make you great money. If you’re looking for a few ideas, have a look at this for 12 ways you can add something unique to your MULTIfamily …
Continue Reading...MULTIfamily property owners know that there’s no such thing as “plug and play.” A critical component in optimizing your Net Operating Income (NOI) is the discipline you apply to routinely paying attention to your property. NOI is your income after paying the expenses related to your property. It is the golden rule by which successful MULTIfamily property owners measure success. A lot goes into boosting NOI. Read on to learn about two often overlooked fundamentals. The importance of routine check-ups Your preventative maintenance routine shoul…
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