Wednesday, 24 May 2017

Phoenix Property Management - Evictions



Evictions are never pleasant. The reasons for eviction vary dependent on the individual or situation. With “no-cause” evictions being targeted by cities and states as being unlawful and unfair, and ultimately being removed as options to landlords this leaves only for cause eviction proceedings. So, which of the following are cause for an eviction?

1.Noise Complaints

2.E-Cigarette Use

3.Medical Marijuana Use

4.Landscape Damage

5.Unpaid Rent

6.Unauthorized Pet

7.Any of the Above

The answer which may be surprising is #7 Any of the Above!

Although any of the instances above could end in eviction proceedings, most are considered “curable” under the law.  For example, noise complaints can be rectified by turning down the TV or stereo volume;  an unauthorized pet can be approved to stay with fees paid or removal from the premises; landscape damage can be corrected; etc. Unpaid rent can even be paid with late fees. The only exception  would be lease language that specifically states drug or e-cigarette use on the premises is grounds for immediate termination.  However, this too is open to interpretation by the judge that would hear the case.

When considering an eviction, it is imperative to seek counsel to ensure you have covered your bases and have the proper documentation and back-up to win your case.  Although evictions are never pleasant, we at Real Property Management WV Phoenix strive to guide you through the process with as few head and heartaches as possible.

And for all of your Phoenix Real Estate needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800

Wednesday, 17 May 2017

Appreciation of Phoenix Real Estate During 2016 & Predictions for 2017

May Podcast Available Now!!!



And for all of your Phoenix Real Estate & Phoenix Property Management needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800

Thursday, 11 May 2017

Top 5 Things to do in Phoenix in the Summer!


Summer is right around the corner which in Phoenix that means temps as high as 120 degrees so we have compiled the list of the top 5 things to do to beat the heat!

1. Go to a D'Backs game!  What a great way to spend 3-4 hours in lots of cool AC while being entertained AND eating some great junk food.

2. Visit a spa! Phoenix is known for having some of the best spa's in the country.  What's great about the spa is you can spend the day enjoying all of the amenities such as pool, amazing food, locker room with great smelling lotions & soaps AND in between enjoying a relaxing massage or facial.

3. Visiting a city outside of Phoenix such as Sedona, Flagstaff or Prescott where temps can be down as low as the '70's in the summer so its a great way to escape the heat.

4. Hang out at a water park!  Phoenix is a mecca of water parks so you can find them in almost every city and it's a great place to spend the day with your family.

5. Spend the day floating on the salt river....just be sure to go early before it gets really crowded but it's a great way to float your worries away.


And for all of your Phoenix Real Estate needs be sure to contact RPMWV Phx www.rpmwvphx.com 623-748-7800

Wednesday, 3 May 2017

To Buy a Phoenix Rental Property with a Pool or to Not To Buy......






That is definitely an important question in the Phoenix rental market when summer temperatures often reach over 110 degrees!  Although there are several factors to consider in this posting we will take a look at the maintenance.  If your Phoenix rental property has a pool then the first thing you need to consider is who will be responsible for the weekly pool maintenance.  We always recommend that our property owners take on that cost to ensure that the pool is properly maintained.  There are two main reasons for this; first if the pool isn't well maintained the repairs can get extremely costly.  Second if you leave the pool services to the tenant they most likely will try to take care of the pool on their own rather than paying a pool service which again can lead to very costly repairs ultimately for the home owner.  The good news is that you can usually make up the cost for the monthly pool services with the rent.  On average in the Phoenix rental market, a house with a pool will garner approximately $100.00 more than a home without a pool and on average pool services in the Valley run between $80 - $100 so typically the two items are a wash.

Unfortunately, as the home owner you do need to budget for some typical pool expenses that occur outside of the routine weekly services.  Three such examples are:

Draining and refilling the pool to refresh the water. The usual indication for this is increased chemical requirements and aggressive algae buildup. When all your natural minerals in the water are depleted, it's time to change out the water.  Here in Phoenix, we have one of the worst water sources in the country with very high levels of calcium that damage the pool, pool equipment, and the various faucets and plumbing equipment both inside and outside your home.  The typical cost to drain and refill a pool is roughly $300-$500 and fortunately only needs to be done on average every 5-7 years.   
Changing out the pool filters and baskets Depending on your system, this will cost anywhere from $400-$1000 and happens every 4 to 8 years depending on the outside factors as described above. 
Cleaning the filters Depending on your pool equipment system, you may need to clean out the pool filters approximately every 6 months.  On average the cost is between $85 - $120 per clean out.
There are certainly perks to having a Phoenix rental with a pool.  During the spring/summer and fall months your rental property will be in high demand as all Phoenix residents look to escape the heat.  Additionally, when you are ready to sell your Phoenix home, your home value will certainly be higher with than without a pool.  In conclusion, when looking for your Phoenix rental home purchase be sure to way both the costs and benefits to determine which property is right for you.

RPMWV Phx has been offering full service Phoenix Real Estate & Phoenix Property Management services for over 20 years so let our experience assist you with your Phoenix rental needs.  623-748-78001 www.rpmwvphx.com

Thursday, 27 April 2017

Smoking in your Phoenix Rental Property - Yes or No??



RPMWVPhoenix Property Management has a strict no smoking policy in place that our owners appreciate. However some DIY Landlords fail to often fail to have a smoking policy. We would recommend everyone have a firm No smoking policy to protect their Phoenix Rental Property.  
With E-cigarettes being touted as an effective means to quit smoking tobacco, their use is on the rise. It is easy to spot a person using an E-cigarette from the cloud of vapor surrounding them, whether it be in a public place or in a residential area. Although it was initially considered harmless, E-cigarette smoking can leave deposits of hazardous substances and can result in expenses from cleaning the filmy residue left behind. Because of this potential for damage to your Phoenix rental property, we advise that owners of single-family rentals prohibit E-cigarette usage, just as you would prohibit other forms of smoking. The cost to re-mediate the damage caused could be quite costly. 
Residue is one of the primary reasons landlords should not allow E-cigarette smoking inside their Phoenix rental properties. The vapor emitted from E-cigarettes leaves behind a filmy residue on windows, mirrors, doors, walls and carpets that is tough and expensive to eliminate. (This is very similar to regular cigarettes but a bit more difficult to remove). With the risk of damage and added expenses to your rental home turn over cost RPMWVPhoenix thinks it is best to have a firm No Smoking Policy in terms of your lease.
Aside from its hard-to-remove residue, E-cigarette smoke consists of chemicals that can be a hazard to the body. Research shows that vapors from these cigarettes are toxic. According to an analysis conducted by the FDA, the vapor expelled from this device contains hazardous ingredients such as diethylene glycol, nitrosamines, and nicotine. Other sources also found carcinogenic substances like formaldehyde and benzene in some devices.
An article posted on landlordtalking.com talks about other issues with E-cigarettes. The article takes about two recent incidences of car fires due to the E-cigarette battery charger. As well as a man who recently reported that his own charger suddenly caught fire in the middle night while he slept. This event forced him to leave his apartment causing damage. These types of fires are well documented with devices that use Lithium Ion batteries such as E-cigarettes, cell phones and laptops.
Once you have the facts about E-Cigarettes it should be clear that a No Smoking Policy should include the use of these devices as well to protect your Phoenix Rental Property.

Wednesday, 19 April 2017

Security Deposit Dispositions

Listen to our latest podcast about Security Deposit Dispositions & Phoenix Property Management




RPMWV Phx has been offering full service Phoenix Real Estate & Phoenix Property Management services for over 20 years so let our experience assist you with your Phoenix Real Estate needs.  623-748-7800 www.rpmwvphx.com

Wednesday, 12 April 2017

Vetting Phoenix Tenants Properly To Protect Yourself and Your Phoenix Rental Property



Vacancy in your Phoenix rental property is an emergency. A vacant property bleeds cash in the form of lost rent and utility costs. Landlords know this and they feel the acute pain when the mortgage payment is due, but no rent is coming in to cover it. Just like flinching from a hot stove, many do-it-yourself (DIY) landlords recoil from the pain and try to remove the pain by placing the first resident who comes along. But at what cost?  In many situations, this is like jumping from the frying pan into the fire. A poor tenant placement can mean rent still doesn’t come in to pay the mortgage. But worse, because the property is now occupied, a paying resident cannot be placed. Cost also comes in the form of property damage caused by a poor resident placement.  Even though the cost of a poor placement is so great, a survey conducted by Boston based research firm Liminality Inc. found that:

      Only 44% of DIY landlords conduct sex offender checks.
      Only 51% of DIY landlords conduct criminal background checks.
      23% of DIY landlords sometimes or never conduct credit checks.
      Only 51% of DIY landlords contact past landlords for references.

Good vetting can mean that there are a couple more days of vacancy. However, the cost of good vetting far outweighs the cost of a bad resident placement in your Phoenix rental property.

Here are some examples of RPMWV Phoenix Property Management vetting out poor residents that would have been placed without a good process:

      We found from a previous landlord that the applicant had started multiple fires at the property during their tenancy.
      From a Phoenix criminal check we found an applicant with multiple drug related convictions.
      An applicant had a wad of cash, but no monthly income.

In all of these examples, without a vetting process and a set of standards, landlords would have rented to them. Each of them had money. In some cases, they even pulled it out and showed us, “Look, I will give you this if you let me move in.”

DIY landlords also get a higher number of unqualified applicants looking at their properties. Why? We have people call us and ask if we will accept someone with a felony. The tenant community knows that professional managers have a better screening process. Therefore, unqualified applicants try to find the DIY landlords that they know likely won’t check their background.

Here are the checks that RPMWV Phoenix conducts on every applicant over the age of 18:
      Verify Income greater than 2.5-3x rent
      Credit check
      National criminal check
      Phoenix Criminal check
      Sex offender check
      Check social media accounts
      Previous Landlord references

Criminal activity committed in Phoenix does not show up on national criminal checks. RPMWV Phoenix has to make a special request at the courthouse to pull Phoenix criminal records. Even some professional managers don’t take this important step.

While vetting is important, equally important is how the checks are interpreted and used for qualifications. All qualifications must be fairly and equally applied so the manager or landlord doesn’t run afoul of fair housing laws.

RPMWV Phx has been offering full service Phoenix Real Estate & Phoenix Property Management services for over 20 years so let our experience assist you with your Phoenix rental needs.  623-748-78001 www.rpmwvphx.com