There is one pool and two spas on the premises. There are also bbq's around the complex for your convenience.
Come check this home out today and make an offer! Contact me at marcigcox@gmail.com or 480-695-9683 for more information
Friday, August 25, 2017
Just listed
I just listed a condo near 16th St and Northern. It's a gated community within walking distance to Aunt Chiladas. Close by is HWY 51, easy access to downtown Phx via the freeway or side streets. This 1 bedroom, 1 bath downstairs 704 square foot unit was recently painted and new blinds installed. Built in shelves in the family room. Walk in closet in the master, plenty of storage in the bathroom. All appliances are in the unit and yes a full size side by side washer/dryer! Small patio with a storage room and 1 carport.
There is one pool and two spas on the premises. There are also bbq's around the complex for your convenience.
Come check this home out today and make an offer! Contact me at marcigcox@gmail.com or 480-695-9683 for more information
There is one pool and two spas on the premises. There are also bbq's around the complex for your convenience.
Come check this home out today and make an offer! Contact me at marcigcox@gmail.com or 480-695-9683 for more information
Friday, June 2, 2017
Property Management
Have you ever thought about being a landlord? Do you want to get in the rental market and start buying homes? Do you want to take on all the calls from your tenants? If you answer yes and no then keep reading.
Being a landlord takes on a lot of responsibility. First off you need to treat the home as it's not yours don't be totally invested into it. You need to make sure you have money to pay the mortgage if your tenant is late or the property is vacant. You can't rely on the monthly rent as things come up. You need to be held accountable to pay your bills too.
Are you ready to handle taking applications, showing the property and then once it is rented take calls at all hours because of issues with the home? If not, then a property manager is the right way to go. Property managers take all the work away from you. We handle advertising the home to get it rented. We provide applications and do background checks. We move the tenant in, handle move in and move outs and from then take all the calls for maintenance issues, collect the rents, and much more.
Did you know that once you hire a management company rental tax goes into effect? Or if you own more than 3 properties rental tax is required? You have to get a license with the AZ Department of Revenue. Did you know that if you are out of state you need a statutory agent in AZ? Most of the time it would be your mgmt company or someone here locally in case something happens with your home, ie. a fire. The police or fire department or city needs to be able to contact someone here locally for any issues.
Being a landlord is more work than thinking it's easy money. When a tenant moves out be prepared for the worse. You will probably have to repaint each time a tenant moves out. Shampoo carpet or possibly replace it. Tenants can do damage so you have to get things fixed and that can be more money than you thought you were going to have to spend. Not every tenant is going to be the perfect tenant are you prepared for this?
I don't want to scare you as owning investment property is great in the long run, I just want you to be aware of what all goes into being a landlord.
Being a landlord takes on a lot of responsibility. First off you need to treat the home as it's not yours don't be totally invested into it. You need to make sure you have money to pay the mortgage if your tenant is late or the property is vacant. You can't rely on the monthly rent as things come up. You need to be held accountable to pay your bills too.
Are you ready to handle taking applications, showing the property and then once it is rented take calls at all hours because of issues with the home? If not, then a property manager is the right way to go. Property managers take all the work away from you. We handle advertising the home to get it rented. We provide applications and do background checks. We move the tenant in, handle move in and move outs and from then take all the calls for maintenance issues, collect the rents, and much more.
Did you know that once you hire a management company rental tax goes into effect? Or if you own more than 3 properties rental tax is required? You have to get a license with the AZ Department of Revenue. Did you know that if you are out of state you need a statutory agent in AZ? Most of the time it would be your mgmt company or someone here locally in case something happens with your home, ie. a fire. The police or fire department or city needs to be able to contact someone here locally for any issues.
Being a landlord is more work than thinking it's easy money. When a tenant moves out be prepared for the worse. You will probably have to repaint each time a tenant moves out. Shampoo carpet or possibly replace it. Tenants can do damage so you have to get things fixed and that can be more money than you thought you were going to have to spend. Not every tenant is going to be the perfect tenant are you prepared for this?
I don't want to scare you as owning investment property is great in the long run, I just want you to be aware of what all goes into being a landlord.
As always I'm here to help you with your real estate needs.
Marci Greenberg Cox www.movinwithmarci.com 480-695-9683
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