Real Estate and Beyond Blog: Alberta

HI HARRY! MY TENANT HAS NOT PAID THE RENT IN THREE MONTHS. WHAT CAN I DO? ARIZONA PROPERTY MANAGEMENT

It has been my experience that many Americans are still going through rough times when it comes to money and jobs. American Corporations continue to cut jobs to save money on the bottom line and improve operations. Is there something wrong with it? No! However, it does have repercussions on the local economy. Furthermore, many large to mid-size companies are not giving annual raises due to cut backs.

Many people believe that property management is easy. Really? I receive a call the other day from a husband and wife that are having problems of their tenant paying the monthly agreed upon. I spent 45 minutes on the phone. I was able to earn their business. I now manage a property with a tenant being late on the rent. What to do?

I politely ask the owners to send me over a copy of the WRITTEN and SIGNED lease when it comes to Arizona Property Management. I need to know the terms of the contract between the landlord and tenant so I can enforce them. Well, she sent me over several Emails explaining the terms of the agreement. However, I still did not receive a signed lease between both parties.

I phoned the owner to personally ask for the signed lease. She informed me that the lease was never signed by neither party. This means we do not have a lease. We have tenants leasing a property without an executable lease. WOW! We have people practicing real estate without a license. The tenant owes the owner about $3,000 in rent, late fees, and other expenses.

Properties R Us LLC only charges $60 per month per door when it comes to Arizona Property Management. This is the best deal in Phoenix, Arizona, when it comes to property management.

Meanwhile, I am in discussion with current tenant who is currently overseas until next month. We need to have both sides to sign a lease to we have an agreement between both parties. Are you covering your assets? Oh! The owners do not have this asset in a legal entity just their personal names. Surely, they are need of my expertise when it comes to Arizona real estate investing.

Please call on me when you need affordable Arizona Property Management! Only $60 per month

$3,000 owed by tenant/$60 per month property management=This money would of paid for FOUR years of property management. Make the call Today

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

Property 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:

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.

SUNDAY PHOTO

Here is a kitchen that was installed by one of my investors that does this for a living. He purchased all the cabinets on Craigslist for $500. Wow-it pays to shop on Craigslist when doing Phoenix Fix and Flips. I informed him that I purchase all of my items on this site. So, he did the same. This kitchen really stands out. It was on the market for eight days and received full market offer. Real estate is a team sport. Sharing each other's resources makes it happen for everyone on the entire team.

THERE IS ALWAYS A STORY WHEN IT COMES TO ARIZONA PROPERTY MANAGEMENT

It is just a normal day in Arizona Property Management. The first week and last week of the month is always busy for myself. The last week of each month I spend much time moving people into homes. The first week of each month I spend much time collecting rents. Yes, the economy is very tough right now. Yes, we do have people who stop paying their rent because they lost their job or their monthly check was stopped for some reason. We have 7 out of 10 Americans who live paycheck by paycheck. If there is one major bump in the road, then this is when problems start to surface.

I have learned to be proactive when it comes to Arizona Property Management. We have a three day grace period for people to pay their rent. I start calling on day four to see what is going on with the rent for that month. Why? Real estate is a contact sport. I would rather know the problem at the beginning of the month rather than the end of the month. It is much better to work things out with the tenant when it comes to a payment plan. I recommend all payment plans to be in writing.

There are times when we are able to work things out with the tenant. Then, there are times when we have to ask the tenant to leave peacefully or we will have to start the eviction process see below

1. Send of five day notice
2. Start eviction process on the 15th day of month
3. Court date with judgment within 5 to 7 business days
4. Tenants have 5 days to remove themselves from the property
5. Call constable to change the locks and store tenant's items for 21 days

I have this system down to a science and I follow it each month. People hire Properties R Us to deal with their Arizona Rental Properties for this one reason above. One must have people skills when dealing with tenants. The goal is to keep them happy so they continually pay their rent each month. People need a place to stay so it might as well be the rental that one owns.

The tenant and property manager relationship is very important for the real estate investor. Let us do the property management so the real estate investor will be able to focus on obtaining more rentals. It is not an easy job. Hey, some people want to do it all. Bravo! However, please call me when you do not want to do it anymore. I just signed up two rental units from a couple who have 26 units in total. They informed me that they are tired of dealing with the rentals after 30 years of doing it themselves. They want to travel and have fun. Great! Bring it on!

FULL SERVICE ARIZONA PROPERTY MANAGEMENT $60 PER MONTH PER UNIT

IT IS ALL ABOUT MARKETING BE PREPARED WHEN THE PHONE CALLS DO COME IN TO CLOSE THE DEAL$

It was a another busy Saturday receiving phone calls on the vacant rental units that I currently have received from other real estate investors. The home owners are counting on me to find them a tenant for their home. It is pretty basic to me. I am able to find tenants pretty quickly the great marketing in place to get the phones ringing. My philosophy is to ensure each home is properly clean and move in ready in case a potential client needs to move in quickly. All my rentals show nice.

I have learned to post all rental units for rent early in the morning on the Internet. I completed this task at 6:28AM. I received my first call at 7:02AM. I knew it was going to be a busy day. I had a total of 18 calls on my rental units. Now, I have 18 prospects looking for a rental. What do I do with this information?

• Enter full contact information including name, number and Email address into my database
• Qualify the applicant
• Set up showings to qualified applicants only
• Market database on future rentals throughout the year
• Market database future home buyers

Information is power. I have a farmer mind set. Plant the see and in time we will harvest the crop. Meanwhile, I will continue to market and receive phone calls. Keep the calls coming

Phoenix Arizona Rental Market

ANOTHER BUSY WEEK IN ARIZONA PROPERTY MANAGEMENT MAKING IT HAPPEN DAILY

The Phoenix real estate rental market is alive and kicking. We receive hundreds of phone calls on our rental listings. This tells me that people cannot obtain a conventional mortgage. So, the only alternative left is to rent. However, we have many real estate investors both inside and outside of American purchasing Arizona foreclosures to convert them into Arizona rentals. We call this the Buy and Hold Method. Being a property manager is not easy becasue we act as the go between the landlord and tenant.

Here is a normal week for myself see below:

• Qualifying rental candidates via the phone
• Calling job and personal references
• Handling evictions
• Collecting past due rent including late fees
• Tenants calling in repair requests
• Dealing with HOA CC&Rs with tenants
• Prospecting new landlords to hire Properties R Us to do the Arizona Property Management
• Marketing to both tenants and real estate investors
• Networking with other professionals in the Phoenix real estate market

This is enough to get me started. I can write down another ten items that I do behind the scenes to keep both parties happy. Real estate is a team sport. Making it happen one day at a time

I WOULD LIKE TO SUBLEASE MY RENTAL BECAUSE I CAN NO LONGER MAKE THE PAYMENTS ARIZONA RENTALS

The Phoenix, Arizona rental market is very hot right now. The average time to lease a home under $1,000 monthly rent is about 30 days or less. Why? Many people are unable to obtain a conventional mortgage due to bad credit or recent foreclosure. Then, other people just want to rent and set on the sidelines until things get better. We know the rates are low. However, people still need jobs to pay the monthly mortgage. It is a fine line.

I received a phone call from one of my tenants this past week. She informed me that she would like to sublease her home because she no longer can afford the monthly payment of $1,000. I just want to disclose that there are two other roommates assisting with the monthly rent. Anyway, she went on for about five minutes to explain her situation to me.

I informed her that our rental lease does not allow subleasing.

STATES IN OUR LEASE THE FOLLOWING:

Assignment and Subletting. Lessee shall not assign this Agreement or sublet any portion of the premises without prior written consent of Lessor.

However, I stated that if she found a person who qualifies to take over the lease then I will discuss with the owner the possibility of it. However, we would terminate the existing lease and create a new lease. What about the security deposit? The owner would be able to keep the security deposit since tenant is breaking the lease. Again, it would be totally up to the owner to grant the security deposit back to the tenant.

Read the lease.

CRAIGSLIST GREAT SOURCE WHEN DOING A PHOENIX FIX AND FLIP HOUSE

The Phoenix real estate market continues to become a Sellers market as the inventory continues to shrink. There are 19,906 Active homes in the Arizona Multiple Listing Service. Is it a good time to Phoenix Fix and Flip a House? My investors are purchasing homes from the Arizona Trustee Sales to sell them retail for a profit. However, it does take a skill set to find the right deal when purchasing at the Arizona Trustee Sales. I see so many other real estate investors either pay too much for home or spend too much money on the remodel.

Here is a perfect example of shopping on Craigslist when remodeling a Phoenix Fix and Flip House. My investors decided to remodel the home on their own. They knew the kitchen had to be replaced in order to get the value in the home. So, they purchased the kitchen cabinets on Craigslist for only $500. The appliances ended up costing on $400 for the entire appliance package. The retail value of the entire kitchen package would be closer to $4,500. This is a great example on how to do a Phoenix Fix and Flip House on a budget.

We can do the same for you. Make the Call Today

MR. ARIZONA LANDLORD I HAVE 21 DAYS AFTTER JUDGMENT TO OBTAIN MY PERSONAL BELONGINGS

Arizona is landlord friendly compared to other states when investing in real estate. Real estate investors new to Arizona ask me the following questions "How long does it take to remove a tenant that is not paying rent? Then, I inform them it can take four to six weeks from start to finish. The real estate investor is relieved because in other states it could take months. This is not good for cash flow.

Here is a picture of our latest eviction that just happened a couple weeks ago. We obtained the judgment in favor of the landlord due to the tenant has stop paying rent. Many tenants do not realize that all their rights are taken away on the day they stop paying rent. The rental lease is a contract between two parties. The law still states that the tenant is to pay rent as agreed upon.

We had a tenant break their lease only four months into the lease agreement. They sent us written notice. We agreed upon a move out date. Well, the unit was trashed when they left. Furthermore, they still had eight months on their lease. The owner will be seeking damages on this one.

The judge does not like when the tenant stops paying rent. Tenants believe they can tell the judge a sob story so judge sides with them. Wrong! I have witnessed several times when the tenant loses all their rights when they stop paying rent even if the landlord does not repair items. The tenant must still keep paying rent.

This move out went smoothly. The owner and tenant agreed upon a time for them to remove their items from the home. Yes, a representative from our company stays at the site to ensure all items are out of the home. Many times people leave a huge pile of trash. There have been times when the owner has to pick up the bill for trash removal.

Many people think that property management is easy. Do you really want to take on another full time job?

PHOENIX FIX AND FLIP PURCHASING A HOME AT ARIZONA TRUSTEE SALES WITH OWNER STILLL IN THE HOME WHAT DO YOU DO

Hi Folks! I wanted to write about a current scenario that happens quite frequently in my world. I truly believe the best Phoenix Fix and Flip deals are purchased at the Arizona Trustee sales. However, many real estate investors avoid this source for homes because they believe it is too complicated and they have not found anyone that they can trust. Voila! I would like to interview for that position. Real estate is a team sport. I have developed a Phoenix Fix and Flip team that works very hard to real estate investors who wish to flip homes to generate CASH.

Here is a picture of a home that we purchased at the Arizona Trustee Sale with the current home owner still inside the home. I knocked on the door thirty minutes after we officially owned the home. This is not always the fun part of this job. However, it is part of the job.

I was greeted by the woman of the home. I introduced myself as a Realtor who represent the new owner. I informed her that she will need a vacate the property because they are currently trespassing the current time. She did not believe me because several people came before me teller her lies in order to get money from the them. I call this the vulture mentality. They were in a down position. I was there to assist them to make the next transition a happy time. I sent them a follow up letter with my company letterhead that I was serious.

Overall, it took about ten days for the previous owners to come up with enough money to move out of the home into a new rental. There were many memories in this home after being there for 10 years. However, I believe in treating people like people. What if I was in that position? How would I wanted to be treated?

Working with a real estate professional like myself who knows the Arizona eviction rules will only find better deals to Phoenix Fix and Flip. The home in this picture will be ready next week to list. Real estate is a team sport.

MAKE THE CALL

MAKE THE PLAN

DO THE DEAL$