If y
ou are just starting your career as a Phoenix property manager, it can get overwhelming quick. It takes times to gain the experience needed to feel comfortable dealing with most situations related to Phoenix Property Management. Here are a few tips from HomeQwik that will help you get the most out of your ventures in property management:
Make sure to cover everything in your lease agreement
The lease agreement is one of the most crucial pieces of paperwork a property manager is going to deal with on a regular basis. It includes all of the rights and responsibilities for both the tenant and the property manager. Tenants often don’t fully go over their lease or they will forget what is written. So when a situation arises where a tenant is trying to argue with you about something you know is covered in the lease, you know you’ll be covered. This document can and will protect you greatly as the property manager.
Define maintenance requirements
Maintenance requests can be a pain in the neck for a Phoenix property manager. They will happen at all hours of day, including the middle of the night on occasion. While these requests are often unavoidable, you can take steps to reduce the chances of one coming in by performing inspection walk-throughs. You can identify any problem areas that may lead to bigger and more expensive problems down the road. Heading off the issue before it gets worse will save you a lot of money in the long run.
Communicate!
This is a huge part of the business for any property manager. Don’t undervalue something as simple as a phone call or an e-mail. Remember you can never communicate too much with your owners or tenants. It is much better for them to be a little miffed that you call them too often than barely at all. They will really appreciate that you are constantly keeping them in the loop.
Being a Phoenix Property Manager is no easy task in the beginning. It does get easier with time, and with these three tips you’ll be on your way to be a confident experienced manager in no time.
Noel began his real estate career as a leasing agent, closing 4 leases his 1st week on the job. Since 2006, he has personally leased over 600 homes, signed up over 1000 new owners for management, and has sold over $500 million in real estate almost exclusively to, and for the benefit of investors. As the original employee, and now Broker for HomeQwik, Noel has not only assisted in the creation and management of the company, but also in the processes that make HomeQwik #1. As an owner of 2 rental properties himself, Noel also has personal experience as an investor, and has a true passion for helping others realize their investment dreams. He continues to work on building his own real estate portfolio, and is shopping for buyers in our market every single day.
Jason Stieglitz is a Realtor and Property Manager at HomeQwik, a firm that specializes in all aspects of Residential Property Management. Jason has been an Arizona resident for almost 40 years, and in real estate since 2009. Formerly in construction, Jason can apply some of that knowledge to maintenance problem solving with your investment property.
Mike Sargent – Founder/Real Estate Investor
Jim Hughes – IT Manager
Janie Scarborough – Business Development Manager for Prescott/Quad City Territory
Gk Pavillar – Manager of HomeQwik Remote Operations