At more than 70,000 pages long, it is little wonder that few people take advantage of all of the tax deductions and breaks that they qualify for. But if you are missing out on real estate tax breaks, you could be missing big. Before you meet with your accountant this tax season, be sure to research the following real estate and home improvement tax breaks. [Read more…]
Voted as one of the best cities to live in, Scottsdale, AZ ranks high on the list of people moving to Arizona. According to Sperling’s Best Places, Scottsdale has seen a population increase of almost eight and a half percent since 2000 and an almost twenty percent increase in home prices in the last year. With so much growth, those renting their homes are taking a hit. The challenges of Scottsdale property management are there, but with the right knowledge and property management skills, landlords can make a killing. [Read more…]
Rent or buy? Rent or buy? The question pops up in our minds quite often, especially when rates are low and home values are steadily increasing. Homes can be a great investment, but they not for the faint of heart. They require a higher level of dedication than a rental: maintenance, insurance, mortgage payments. Then again, the joys of owning a home are pretty darn good. Let’s take a look at some signs that a renter should consider buying a house. [Read more…]
Selling a house can be a time-consuming process. Depending on the market, it can take some time before you get an interested buyer. A great alternative to selling is to turn your home into an investment property. Sprucing up the place and making some modifications can add value to your home and make it an attractive option for those looking to rent a place. It can also be a great way to earn extra income while remaining noncommittal – you can decide to sell it later, or even keep it if you changed your mind. Here we give you some of our tips to turn your home into a profitable rental property. [Read more…]
When it comes to being a homeowner, knowing the rules and regulations of your HOA can be frustrating to keep up with. It always seems like you get in trouble and fined for the most trivial things; some HOA’s will even limit you on how many plants you can have in your front lawn — it’s insane! If you’ve been caught in one of these webs are struggling to find a way out, here is how to deal with HOA fines and be more prepared for any future homeowner problems.
Turning your home into a rental property isn’t as easy as taking out an ad, finding a renter, and making sure they make payments on time each month. You have to prepare the home to attract quality renters who are responsible and qualified to meet your expectations. You also want to make sure that your home is optimally improved so that you can make as much profit as possible when you decide to sell your property.
As one of the top Phoenix property management companies, Century 21 Northwest Realty knows that property management is more than just a hobby; it’s a business. Keeping your properties organized and managed properly leads not only to happier tenants, but to more profit in the long run. Take a look at all that Century 21 does to help you with managing your Phoenix properties and maximizing your profits below!
According to a recent report from Realtor.com, the metro Phoenix real estate market is one of the “10 hottest housing markets to watch in 2015.” It’s no secret that the Great Recession hit Arizona hard; however, we’ve also bounced back. While the Phoenix market has yet to fully recover, it is absolutely well on its way to becoming a profitable housing market for both buyers and sellers this year.
In our second in the series on investing in second homes for rent, we provide tips for how to prepare the new home you purchased and make it ready for rental! Before you post that ‘for rent’ sign, be sure that the home is both up-to-par with maintenance and aesthetically attractive for tenants. This next year is expected to have an increase in homes for rent in the Phoenix area due to the rising property interest! Phoenix is coming back from the recession: make sure you’re ready to profit! [Read more…]
Renting your property is a great way to liquefy assets in the short term. By renting your property, you can add thousands of dollars to your monthly income which will pay for all of the bills associated with the house (and more). We see hundreds of tenant applications a month…some are too crazy to believe! With years of experience, Century 21 Northwest Property Management has all of the tools to get your property rented with guaranteed satisfaction! Today we bring you the 5 ways we screen your tenant applications, before they even get to you.