HELLO HARRY! MY SECURITY DEPOSIT WAS SHORT $114 ARIZONA PROPERTY MANAGEMENT

HELLO HARRY! MY SECURITY DEPOSIT WAS SHORT $114 ARIZONA PROPERTY MANAGEMENT

ARIZONA PROPERTY MANAGEMENTProperty management is one of those items that many real estate investors have decided to do it on their own until the tenant stops paying rent. Properties R Us LLC in Phoenix, Arizona, offers Phoenix Property Management for $60.00 per month. What do I get for $60 per month? I get this question a lot from real estate investors. I tell them cash flow.

Recently, one of my tenants informed me that they had suffered job loss and need to vacate the property before the end of the lease. Tenant gave me 30 day notice to vacate. However, this does not mean tenant can break the lease without the owner and tenant agreeing upon terms. The lease is a contract between two parties. Properties R Us LLC is the middle point of contact between the two parties.

I informed the tenant on what we can do and cannot do. I immediately put the unit back on the market for rent. I had one perspective tenant that loved the home. He put a nonrefundable deposit on the home. I informed the current tenant that I have found a replacement. Owners agreed to return security deposit based upon a MOVE INSPECTION. I think the tenat forgot this part of the agreement.

The maintenance department performed a move out inspection as scheduled. The tenant was being charged for the following items on the move out inspection:

 

Change A/C filter

Outlet cover in the bedroom downstairs

Behind the door in the bedroom you can see where the door hit the wall because there was no door stop so I recommend to install one of the plastic wall protectors to cover the place in the wall

Toilet seems to be slow going down could be a future problem or we can snake it now for

In the loft it seems as if water has been leaking in from the A/C duct that is run through the roof If we take some henrys and seal around it I believe that will resolve this issue


We explained to the tenant that the following charges were part of the agreement. We do the best we can to please both sides. The new tenant is very happy with the unit. It is time to rent the other units out this weekend.

 
 
 

 

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

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Comment balloon 8 commentsHarry F. D'Elia • September 25 2011 11:38AM
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