Mobile media marking is coming to real estate in a big way. Many of you have probable not heard of this terminology before, you may have heard of it as text message marking. You have probably seen examples of it around and some of you may even be using it without realizing it. Have you seen the signs around that say text SONCI01 to 12233 and received offers.Well that is what I’m talking about. Continue reading
Here is a scary thought, a census worker can demand entry into a home, apartment or other dwelling unit without the consent of the tenant. Read It Here.
As a Landlord if this happens to you I would make sure that you follow the Landlord Tenant Act to the “T”. Which in Arizona means 48 hrs notice.
The Governor of Arizona signed into law HB2766, which is designed to protect tenants for Landlords who rents a tenant a foreclosed on house and then walks away with the tenants rent and money leaving the tenant high and dry.
The law provide language that the lease must now contain if the property is foreclosed on, it is as follows or substantial the same: Continue reading
The Mesa Tribune is reporting that vacancies in the East Valley are dropping. I want to ask do you believe it? Read It Here.
As a property manager, I have seen an uptick in the rental housing market but I have not seen the uptick in apartment style housing.
We are renting houses as fast as they come on the market. Our last house rented in a matter of 4 days and for more than we originally asked for. We are still getting calls on our marketing. We are not even offering incentives to move in.
One problem that is coming has to do with all the incentives that have been offered. When you have free rent you tend to get those who don’t have any money and if you rent to them you then end up doing evictions which can be costly. So as a landlord if you offer free rent, be careful.
Communicating with tenants is important but today that is easier said than done. The face to face contact or the phone contact may not be the best means anymore and if we rely upon these mean only we will not connect with the younger generation of renters.
Here is a good link to a good article about communicating with tenants. Read It Not only tenants but landlords as well.
The Tribune News Paper ran a story about a growing trend in the real estate market, people just walking away from their homes. Read More
This not only a trend in home market, it is a growing trend in the rental market. Investor just walking away from their properties and in some instances letting the tenants take on the problems of paying for utilities and other services the landlord once took care of.
There is almost never a good reason a landlord needs to walk away from his property if he has a competent real estate agent. The property can always be sold on a short sale.
By doing a short sale a landlord could save himself from problems in the future, one of those being lawsuits from tenants for breach of contract. I am no attorney but I think this is one darn good reason.
