Tuesday, May 22, 2012

Arizona Property Management Q&A


Q. What are the important criteria used to qualify for renting a home?

A. Since we manage homes for hundreds of different homeowners, each homeowner may have a somewhat different standard for tenant selection. Generally, owners consider the following factors:

  • Satisfactory credit history
  • Monthly income about three times the monthly rental amount
  • No outstanding judgments
  • No past rental evictions
  • Established history of credit since a past bankruptcy
  • Employment verification
  • Criminal record check
  • Present and former landlord references
  • All properties are offered subject to the Federal Fair Housing Act which makes it illegal to advertise any preference, limitation, or discrimination based on race, color, religion, sex, country of national origin, handicap, or familial status.

Saturday, May 12, 2012

Frequently Asked Questions


Q. If I place my home in property management, how much control do I have in making management decisions.

A. As much or as little as you want. Take for example maintenance decisions. Most owners place $350 in a maintenance trust to be used in case of minor repairs. They don’t want to be notified every time a faucet leaks. However, if there is a more expensive repair, they do want to be contacted and involved in evaluating the bids and choosing the vendor. We will work out an understanding with you about the degree to which you want to be involved in tenant selection, maintenance and repair issues, setting rental rates, etc.
The following links detail our management program: