Landlord / Tenant

Landlords: IRS says send a 1099 to vendors

Investors

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Hat tip to Scottsdale colleague Dru Bloomfield: the IRS is changing their rules for landlords. Not a huge change, but one you absolutely want to know about ahead of time. It always stinks to have to go back and create a paper trail for the IRS! New IRS 1099 Requirements for Landlords Starting in 2011, [...]

25 January 2011 Read the full article →

Rental scams still alive and well

In The News

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We’ve been looking for a small 1 bedroom condo in downtown Phoenix for a very longtime customer of ours. Something in the range of $600. I found an ad on Craigslist that advertised a two-bedroom condo at the Copper Square condos for $588 per month. Copper Square is one of the premiere upscale hi-rise condo [...]

19 November 2010 Read the full article →

Thinking about being a landlord?

Investors

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If you’re thinking about becoming a landlord, The Landlord Protection Agency website is a great resource for you. Besides offering a chat forum, advice and free legal forms, they even have a funny Excuse of The Day feature where website members post their tenants’ most ridiculous excuses for not paying the rent on time. RentingAuthority.com [...]

21 June 2010 Read the full article →

Landlords, Need Help?

Real Estate Investing

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Landlord:  “Why didn’t you pay the rent on time this month?” Tenant 1: We all had swine flu and we like you so much we didn’t want to give it to you so we didn’t mail the check. Tenant 2: I don’t have time for this now. We’re all going to see the new Star [...]

14 July 2009 Read the full article →

Are Investors Driving the Market?

Market Analysis & Stats

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For four months running, nearly 20% of properties sold in metro Phoenix have been sold to investors.  Is that enough to drive the market? Twenty percent seems like a significant minority but I suppose you could argue the question seven ways till Sunday. It’s commonly accepted wisdom that “investors created the housing mess by buying [...]

13 July 2009 Read the full article →

Landlords, Do You Owe Rent Tax?

Real Estate Investing

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The recession has hit everybody in their wallets, even city governments. The Arizona Republic reported recently that the Valley’s cities are getting tougher in tracking down landlords who aren’t paying the rental tax they owe the city. Didn’t even know that Arizona landlords pay rent tax? You’re not alone. The Arizona Republic reports, “Laws that [...]

20 January 2009 Read the full article →

Building Real Wealth

Real Estate Investing

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For many fist time buyers, the next 6 to 9 months could be the best possible time to buy a home in the past 25 years or so. Not for everyone. But maybe for you. If you’re pretty sure your job is secure, can emotionally handle the potential of a falling home value for a [...]

19 January 2009 Read the full article →

Contemplating Self-Management of your Rentals? Pt. 3: Rents & Deposits

Real Estate Investing

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In this third installment, we’ll be looking at rental fees & deposits.  Renting a home is very similar to selling in that there is a market that influences what you can charge for a home.  As in selling, the market for your rental will be largely impacted by location, & currently available rentals.  The better the [...]

12 September 2007 Read the full article →

More on Selling your Rental Property

Real Estate Investing

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It’s amazing every time I head out with buyers to look at properties, how many rental properties are on the market and what condition they are in!  This last weekend proved yet another adventure in house shopping as well as an eye-opener to what some seller’s are asking considering the condition of their properties and [...]

7 May 2007 Read the full article →

Contemplating Self-Management of your Rentals? Pt. 2: Finding Tenants

Real Estate Investing

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As a self-managing landlord you have the responsibility of locating your own tenants, and the more credible they are, the better.  So, how do you go about locating such tenants?    You might want to start with referrals from your closest friends/relatives.  Sometimes they generate the best leads.  However, you also have to consider your ability to [...]

6 May 2007 Read the full article →

Contemplating Self-Management of your Rentals? PART 1

Real Estate Investing

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As more and more properties are listed for sale, homeowners are finding it increasingly difficult to sell.  When a home doesn’t seem to be selling, sometimes the owner contemplates renting out the home instead.  Perhaps you have toyed with the idea of renting out your place in case your home doesn’t sell just to make [...]

27 April 2007 Read the full article →

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