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…]
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.