1031 Exchange is also referred to as “like-kind exchange.” It’s a unique and progressive policy under the IRS that allows investors to exchange real property for another real property without paying capital gains tax.
Section 1031 makes clear that the definition of “like-kind” leaves room for s...
The Fair Housing Act is also known as Title VIII of the Civil Rights Act of 1968. It’s a federal law that bans all forms of housing discrimination when it comes to sale, renting, mortgage lending, and home selling on the basis of certain protected classes.
The Fair Housing Act was passed by Congress and ...
There is more to being a landlord than just cashing rent checks every month. As a landlord in Phoenix, there’s a formula you must follow in order to rent out your home successfully.
The following are some of the things that you must do.
The phrase “normal wear and tear” is commonly used in real estate to describe the damage that occurs in the everyday use of a property or appliance.
This form of depreciation normally occurs when a tenant moves into the premises and it may be described as expected property damage.
But normal wear and...
As a landlord, you want your rental property to look appealing. You want your tenants to stick around and not look for another place to rent because of your windows. Broken, rotten, or leaky windows are a health hazard and a red flag for anyone looking to rent a unit.
Dealing with complaints from your tenants is something everyone who manages a property will have to do at some point – landlords included. So, it’s best to prepare yourself for the inevitable.
To solidify your tenant retention strategy, you need to have a sound and efficient plan to resolve tenant ...
There is glass almost everywhere in your rental property: the windows, doors, bathroom, and maybe stairs. Accidents happen in rental properties; people slip and fall, and sometimes objects get thrown around.
When accidents happen and glass breaks, shards of glass can scatter inside the home and pose a risk of injury to the ...
Yes, like in all other US states, Arizona squatters do have certain rights by law. Basically, a squatter may be able to legally acquire the property they are squatting on if they meet a certain set of conditions.
Upon meeting those conditions, the sq...
Deciding to invest in real estate can help you gain a steady and reliable stream of income. Over time, you can e...
Phoenix, Arizona real estate is hot right now! The metro area is experiencing double-digit growth and a high price-to-rent ratio. So, if you are considering investing in Phoenix real estate...
