Questions to ask your Homeowners Insuran

Questions to ask your Homeowners Insurance Agent:

· What is the importance of changing your homeowners insurance policy to a Landlord Policy once you have the home rented?

· When should you notify your agent?

· When should the change take affect?

· Does it cost more to have a Landlord Policy?

· What does it mean to have an Additional Insured/Additional Interest?

· Why should Austin Fleck Property Management be n Does this mean that Austin Fleck as my Property Manager has an equitable interest in my home?

· named as my Additional Insured/Additional Interest?

· Does it cost more to have Austin Fleck Property Management listed as an additional insured?

 

Horror Story! How to Avoid the Property

Horror Story! How to Avoid the Property Management Horror Story.

Although not guaranteed to prevent the “Horror Story”, hiring a Property Manager that specializes in Property Management can minimize your risk of encountering the “Horror Story”. A Property Management Specialist who knows AZ Landlord and Tenant Act can protect your investment by promptly acting on and filing appropriate notices regarding delinquencies or other lease violations. Handling situations such as these in a prompt and professional manner can prevent or minimize your loss.

 

Horror Story! How to Avoid the Property

Horror Story! How to Avoid the Property Management Horror Story.

Although not guaranteed to prevent the “Horror Story”, hiring a Property Manager that specializes in Property Management can minimize your risk of encountering the “Horror Story”. A Property Management Specialist who knows AZ Landlord and Tenant Act can protect your investment by promptly acting on and filing appropriate notices regarding delinquencies or other lease violations. Handling situations such as these in a prompt and professional manner can prevent or minimize your loss.

 

Horror Story! How to Avoid the Property

Horror Story! How to Avoid the Property Management Horror Story.

Although not guaranteed to prevent the “Horror Story”, hiring a Property Manager that specializes in Property Management can minimize your risk of encountering the “Horror Story”. A Property Management Specialist who knows AZ Landlord and Tenant Act can protect your investment by promptly acting on and filing appropriate notices regarding delinquencies or other lease violations. Handling situations such as these in a prompt and professional manner can prevent or minimize your loss.

 

Oh Rats! – A tenant recently wanted to c

Oh Rats! – A tenant recently wanted to cancel their lease due to an infestation of Roof Rats claiming the home was “uninhabitable”. After consulting with our Attorney, we confirmed that this was not grounds for tenant termination of the lease. Although the situation was unfortunate, the roof rats were not invading the living space and were determined to be in the roof. The rats did not exist prior to the tenants move in. As a property management company we did our due diligence by contracting a pest control company the day we were notified of the situation. The pest control company sealed the house to prevent the rats from entering the home and placed traps of which they will continue to empty and reset until the rats are no longer present. We also contracted a landscaper to cut back the mature landscaping and pick unnecessary fruit to eliminate the shelter and food source for the rats. At Austin Fleck Property Management we exercise due diligence to resolve a tenant complaint and protect your best interest.

 

Don’t Count Your Chickens Before They Ha

Don’t Count Your Chickens Before They Hatch – If I had a dollar for every time a prospective tenant told me they would be in with the money to take the house off the market and then didn’t show up, I would be retired. At Austin Fleck Property Management we don’t take a rental house off the market until we receive a qualified application and an earnest deposit equal to one month’s rent. The earnest deposit is non-refundable and becomes the security deposit at the inception of the lease.

 

Ants in your pants – Is it rented yet? I

Ants in your pants – Is it rented yet? Is it rented yet? One of the most frustrating things owners can experience is vacancy and wondering when their home is going to be rented. Of course the “how long will it take to rent?” is not a question anyone can exactly answer. My crystal ball seems to be broken, however, we average less than 30-days of vacancy at Austin Fleck Property Management. The keys to this success are the extensive advertising and rental prices that are realistic for the market. Other items of importance are having the house, landscaping & pool professionally cleaned and maintained and conducting the necessary repairs to get the home rent-ready. We pride ourselves in communication at Austin Fleck. Your question of “Is it rented yet?” will be answered on a weekly basis at a minimum. Our weekly updates will inform you of the number of calls, viewings and feedback. Remember, we don’t get paid during vacancy, so we are just as motivated to successfully rent your home as you are. We want to get the ants out of your pants and answer your question of “Is it rented yet?” to be “YES!”.

 

The Rent is…. Too Damn High! – What if y

The Rent is…. Too Damn High! – What if your tenant says this to you? Besides the first reaction of “Are you kidding me? In this tough economy it is not uncommon for tenants to ask for a rent reduction. Before granting the request, there are many factors to consider. Just a few of those factors are… What would vacancy cost you? How much of a rent reduction is being requested? What is the remaining term on the tenant’s lease? How has the tenant performed during their tenancy? Did they pay on-time? Have they been taking good care of the property? Are they free of any HOA or City Code violations? What is the amount of the reduction being requested multiplied by the number of months remaining the lease (or what the tenant is willing to sign for) vs. the cost to you for one month of vacancy plus rent-ready expenses. As your Property Manager we will conduct an analysis to determine what your home should rent for in today’s market. We will weigh the factors above and professionally advise you based on the answers to these factors.

 

Why do I need a Property Manager? – I ow

Why do I need a Property Manager? – I own it – why can’t I manage it myself? You can… but should you? That is the true question. You own your car, right? But, you wouldn’t take on rebuilding the engine of your car if you’re not a mechanic. Choosing to manage your own rental property is a similar scenario. You own the home, but may not be qualified or knowledgeable on how to manage it. There are a lot of behind the scenes aspects to property management you may not be aware of, such as; registering under the Slumlord Act, Privilege Use Tax Licensing, filing City taxes, adequate pricing and marketing, advertising, appropriate credit and criminal background checks on prospective tenants, and so much more. Trying to manage the property yourself can expose you to unnecessary liability. Hiring a professional property manager such as Austin Fleck Property Management will give you the specialists you need to handle all of these details and more. Call us today for more details at 480-361-6105.

 

I’m a Realtor, why do I want to refer my

I’m a Realtor, why do I want to refer my clients to a Property Manager?

Your Client is your livelihood and the desire is to build the relationship with the client for life. Because we are licensed to handle a transaction, doesn’t mean we should. Part of being a successful Realtor is knowing when to refer your client.

There are so many behind the scenes aspects to Property Management. Dabbling in Property Management and not being aware of those aspects can expose you, your Broker and your client to unnecessary liability and potentially ruin that relationship you worked so hard to build.

If your focus is listing and/or selling, your clients will appreciate and utilize you when they have the need to buy or sell. We would not try to sell our client a commercial property if we didn’t know anything about commercial Real Estate. Property Management is the same thing. Why risk losing your client by handling something you are not familiar with?

At Austin Fleck Property Management we guarantee that agents will retain their clients. We will simply be contracted to handle their Property Management needs.