Learning Center

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…

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…

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…

The best “insurance policy” that MULTIfamily property owners can buy is a solid preventative maintenance program. Best of all, this is the one insurance policy you can own without paying any premiums. What’s involved? All you must do is embrace effective preventative maintenance practices. You’ve heard the adage, “Don’t expect what you don’t inspect.” Regular inspection lies at the heart of the best preventative maintenance practices. There are two aspects to inspection for MULTIfamily property owners: Inside the rental units Move-in insp…

MULTIfamily property owners know that tenant maintenance requests are inevitable. If you’re in this business or thinking about getting into it, read on to learn how you can reduce the hassle and expense of handling maintenance requests from tenants by creating a maintenance request response plan. What’s a maintenance request response plan? The last thing that you or your tenants want is for you to fly by the seat of your pants when you’re contacted about a maintenance issue. Smart property owners anticipate these situations and have a plan fo…