Real Estate and Beyond Blog: International

PHOENIX PROPERTY MANAGEMENT OWNER LEAVES BEHIND BELONGINGS BUT WE STILL RENT IT

I had the honor of meeting a father and son real estate investment team that own properties in Phoenix, Arizona. They were interviewing Phoenix Property Management companies to work with to manage their current assets. Furthermore, they were interested in obtaining more single family homes as investments. The meeting lasted over an hour. My broker also attended the meeting which only made things better for us.

So, they gave me one home to rent out to test the waters. We were able to rent this home out in one week. Then, the son gave us another home to rent out. Well, I soon learned that it was his personal residence at one time. He still had personal belongings in the home. He informed me he would either sell the items to a potential tenant or remove the items and put them in storage. OK-we rented this home out in two weeks. The tenant did not want to purchase any items from this unit. They were scheduled to move in the following weekend.

The owner said he would make arrangements to remove the belongings and clean the home. Well, I always inspect the homes one day prior to move in just in case we have to fix items. The owner did not remove his personal belongings. I guess he was too busy to attend to this matter. I offered my assistance by having two guys remove the items and put them in storage. The owner said great idea and go with it. Items were removed and unit was cleaned.

Tenant moved into this unit on time and very satisfied. Just another example that real estate is a team sport.

EYEWITNESS ARIZONA EVICTION PROCESS SHORT AND SWEET READY FOR NEXT RENTER

Here is a live shot of an Arizona constable assisting Properties R Us LLC to secure a rental since we obtained a judgment on the tenant for failure to pay rent. Then, he did not move on the date agreed upon court. So, we called in the writ to have the constable with us while we change the locks to secure the home for the next renter.

What if they leave their stuff behind? That is a great question. Then, we must store their items for 21 days at a storage facility of owner's choice. The next step will be to send them notice that we have taken this action at their last known address. They will need to make arrangements to pick up their items with a police escort. This happens very rarely from experiences.

I will continue to share more of my Phoenix Property Management experiences throughout the year. Please hire the property management professionals when it comes to rentals.

WHAT ARE REASONS TO INVEST IN PHOENIX, ARIZONA REAL ESTATE MARKET TODAY?

Real estate investors are realizing much more attractive returns due to the multiple income streams from real estate investment that include the following:

Appreciation: The Greater Phoenix area has a track record of steady appreciation between 5-6% in a normal market based upon historical data. This is an automatic savings account for many people. The offers opportunity down the road as one holds onto the property as the value continues to appreciate. This provides to open a line of credit to invest in other investments offered by Real Estate and Beyond Network.

Rental Yield: The percentage yield from the rental income. This can be calculated as either gross or net. Experienced real estate investors use the net method.

Inflation: Inflation has a direct relationship with rents since rents increase as inflation increases. Mortgage payments are set in stone on a 30-year fixed mortgage. Currently, the Phoenix market is experiencing heavy foreclosure activity. There are plenty of renters here in the Valley of the Sun.

Leverage: If used correctly, this is one of the ways many people increase one's personal wealth. Leverage does involve risk that must be considered into the equation.

Principal Reduction: An investor will be in much great position if one uses the monthly cash flow to pay down the principal of the loan over a period of time. So, the principal of the loan decreases as the appreciation of the investment increases over time. Again, this is part of the leverage as discussed above.

Distressed Homes: Educated investors seek distressed properties to take advantage of the equity opportunity. The Real Estate and Beyond Network provides services to find, fix, finance and fill with a tenant. We have provided a one stop shop for our real estate investors. Please feel free to visit www.deliateam.com to search for homes.

Tax Advantages: One of your best partners in real estate is Uncle Sam. Everyone has an Uncle Sam on their side. The US Government forces all real estate investors to depreciate one's residential investment. Plus, one can deduct any expenses to the property such as any improvements, property management fees, closing costs, etc. The Real Estate and Beyond Network has a CPA to go over these tax advantages for every investor.

Retirement: The rules have changes on Wall Street. Many people are looking at real estate to be part of their retirement plans. However, many people shy away from real estate because one does not understand the power of real estate. The Real Estate and Beyond Network is here for you. We walk people from A to Z when it comes to real estate investing. Learn more on how to use Self Directed 401k monies to purchase real estate for retirement.

Leave a Legacy: Webster's dictionary defines legacy as money or property bequeathed to another by will. Tell me which parent does not want to better the next generation. We all strive for leaving a legacy. We at the Real Estate and Beyond Network strongly believe in this philosophy. One needs a team of advisors to reach this level. The Real Estate and Beyond Team is here to fulfill that void in one's life. Please listen to Harry D'Elia, host of the Real Estate and Beyond each Saturday from 12-2 Phoenix Time on KKNT 960AM or catch our podcast at www.deliateam.com.

PHOENIX FIX AND FLIP DOING SELLING HOMES THE RIGHT AWAY TO CLOSE THE DEAL

I see more and more people who want to get into the Phoenix Fix and Flip market. The watch reality television shows which makes it look so easy. They never see the behind the camera shots in what it really takes to

• Acquisition the Property
• Private money vs. Cash
• Rehab the Property
• Market and Sell the Property

The home in the picture is an example of our latest Phoenix Fix and Flip. This home is located in North Phoenix in an established neighborhood. I truly believe that a home needs to have curb appeal or the buyer walks. This home say "COME ON IN! I AM NICE INSIDE." I listed this property last Friday. This home has had  nine showings in a week. This tells me two things

The home is priced right
The home has been remodeled to bring people in

We advise our real estate investors to spend money in the kitchen and the bathroom. Why? Real estate statistics tell us that is where to get the biggest return on investment and people spend much time in these two places.

The real estate investors on this project did the work themselves because they are in the trades business. This kitchen sells the home alone. We have brand new kitchen counter tops and cabinets installed to enhance the look of this home. The kitchen is organized and open for the new buyers to enjoy many family times in this space of the home. I believe I will have an offer on this home by the end of this weekend.

We have many more Phoenix Fix and Flips going on at one. Please feel free to call me to learn more about how to Phoenix Fix and Flip a house.