Have Investable Cash, Need Prime Investments?

Have Investable Cash, Need Prime Investments?

If you are like many individuals in Arizona, you have seen a steady recovery in your investment portfolio since the market meltdown in 2007 and 2008. You have also seen the importance of being invested in the right market and assets as they have recovered from that difficult time. Our team at KRK Realty has seen our clients’ portfolios show significant gains as the market recovers.

You may also be like many other investors who have accumulated cash in your retirement and savings accounts because of your concern over another such financial crisis. We think it is time to reassess that attitude.

The Importance of a Long-Term Perspective with Short-Term Action

The simple fact of investing is that cycles are a reality of our economic system. These are to be expected rather than feared, and savvy investors understand the importance of developing portfolios that survive and even thrive in both up and down markets.

My experience in Arizona real estate spans more than two decades. As the founder of KRK Realty & Management, I have developed both a portfolio of residential investment properties and a superior property management firm to handle my and my investor’s holdings. We have the ability to match your specific investment objectives with the right type of properties, financing and management plan.

We’ve found that taking the hassle out of owning investment property helps our clients look at this asset class with a fresh and positive perspective. Once you understand the many potential advantages of real estate finance and investments, you’ll appreciate why we have such a loyal and satisfied client base.

The Win-Win-Win Investment

Many people think they are lucky to find an investment that simply provides a good cash-on-cash return. That is one good win. Others find a way to add appreciation to their investment, adding a second win. However, I love to show new clients how real estate finance and investments consistently provide appreciation and cash flow, plus the added win of tax-advantaged opportunities.

While all investments have some level of risk, the smart investor turns those risks to their favor. If you give me, Kevin Kirkwood, a call, I will show you properties in our portfolio that can quickly and easily put you on the road to smart rental property investing. We’ll provide you with attractive options you can review with your financial adviser and add to your diversified portfolio for significant long-term returns.

Get involved in AZ Residential Property Management and make MONEY!

GET RICH: Phoenix Property Management without the Hassle!!

We have found that many qualified real estate investors miss out on the opportunity because of a number of BIG misperceptions and misunderstandings. One of the most frequent concerns that comes up with such individuals is a concern over the time and effort it might take to manage an investment property. This issue is often compounded if someone has one property they are managing on their own and find it a challenging proposition.

Balancing the Effort and Rewards of Residential Property Management:

The important thing to understand is that the many financial rewards of owning investment properties is a separate issue from managing those issues. In fact, many experienced real estate investors learn very early that they prefer to use a professional property manager so they can easily add to their ownership portfolio.

Many individuals who own real estate property are retired or have the type of jobs where they can handle their properties on their own. These investors actually look at their ownership as a form of second job, or even a hobby of sorts. However, most real estate investors realize the cost of property management is a cost of business best handled by professional firms.

The simple fact is that if your job makes the opportunity cost of finding tenants or fixing leaking toilets too expensive, you can avoid these hassles with property management services.

The Value of Experience, Contacts and Volume

Today’s residential property managment company has a number of tools they can use, most of which are not available to the individual property owner. This includes sophisticated software, automated maintenance and inspection, and online payment systems.

Likewise, the experienced property manager will have a full contact list of reliable and cost-efficient tradesmen and repair people to call upon. They often get better prices on services and parts, and know they can get a job done in just one call. This makes for happier tenants and lower long-term expenses. This benefit also extends to the benefits of regular inspections and preventative maintenance, ensuring your costs in these areas are kept to a minimum.

In addition to these issues, the effective property manager will help you keep your occupancy rate at a higher level you may attain on your own. It’s important to realize that just one month of additional rent on a lease can cover most management fees for an entire year.

Let a professional property manager make your real estate investment hassle-free. KRK Realty & Mangement, top property management company in Phoenix is one of these such companies that can help you invest in rental real estate or help you manage your own home investments! 

Drafting the RIGHT lease… Advice from an AZ Rental Management Company

You’ve listed your home rental, set the rental price and found your hopefully QUALITY tenant! Now, are you ready to turn your largest home investment over to a bunch of strangers who you HOPE work out?   If you’re using a basic rental agreement you found online, probably not. Rental agreements or leases are the backbone of your landlord – tenant relationship, skimping on the details now could cost you. Here’s why seeking professional help from Phoenix rental management companies is a must.  

They Understand Your Legal Responsibilities
Drafting a legal document is a tricky art – a lease is no different. Simply put, a lease is a contract between the tenant and you; within that contract you can include nearly any stipulation you can imagine. Some things like who handles repairs, inspections, late fees for rent and other stipulations are important to set ground rules with tenants. However, including discriminatory or infringing items within the contract can land you in hot water and may void the entire contract. AZ based KRK Realty and Management understands that legal matters are difficult – that’s why we use a well drafted lease that has been reviewed by a lawyer to protect your investments.

They’re Up-to-Date with Current Arizona Landlord Laws
Tenants enjoy a great deal of protection from unfair housing practices. These laws can change rapidly, even overnight. Some tenants may even learn of laws and use them to exploit you, when they do it can take several months and expensive court fees to evict tenants. You don’t have time to keep up with the constantly changing Arizona real estate laws -- that’s just one of several reasons of why having a qualified and educate rental management company is an important part of becoming a landlord.

Their Leases are tailored to Local Arizona Real Estate Laws
Online databases selling rental agreements will not be in compliance with our local laws in Arizona. The only way to obtain a lease that is well suited to your exact property, needs and state laws is to speak to a property manager like  . Even a qualified lawyer’s office may not understand your property and fail to include important areas – such as care of landscaping, pools, fixtures etc.
Signing the right lease is important for you and your tenant. You don’t want to chase away great tenants because of a lease that is too strict; and you don’t want to give free reign to a tenant who fails to care for your property. Rental management companies know how to draft the perfect contract that’s fair for you and your tenants. 
If you are looking for more information about AZ rental agreements or property management advice, please contact KRK Realty & Management here.

What is the Secret to finding GOOD tenants for your Rental Home?

Finding Good Tenants for Your Rental Home

Advertising in our local community has changed over the past decade. Where once newspaper advertisements, community listings and flyers were effective in drawing in potential tenants, now internet listings, social media and websites do all the heavy lifting. Changing your advertisement strategy and utilizing Arizona property management techniques is key to finding the right tenants for your second home.

1) Finding good Tenants: Get Social!

From Facebook to Twitter to Craigslist more Americans tune into social media than TV, radio and newspapers combines. Utilizing these information giants costs less than traditional media – often times being completely free. Postings to your local area social media groups should also be included with ample information, after all, you’re not paying per word.

2) Finding Good Tenants: Get Listed!

Today, tenants are guaranteed to search for their new living space through sites like Trulia, Zillow and Rent.com (plus some other special online sites KRK always uses). These websites are geared towards providing a mass listing of all available properties in their area. Listing your property on these sites is crucial. You’ll never get a second chance at your first impression so take the time to upload clear, attractive pictures of your rental and provide ample information for the prospective tenants. This will not only draw interest, but will reduce the number of phone calls and false leads you’ll receive.

3) Finding Good Tenants: Get Help!

There’s no one that knows your local market than your neighborhood property management companies. Utilizing services like what is offered by  KRK Realty & Management will allow you access to potential tenants who prefer to rent only from trusted professionals. By handling the marketing, applicant checking,leasing and management of your home a quality property manager like broker/owner, Kevin Kirkwood, can save you time and money. As experts in the Scottsdale/Tempe/Phoenix/Mesa market, hel’l understand how to market your property to the right tenants, at the right price so you MAXIMIZE your profit.

There’s no substitute for good marketing! If you’re not sure where to start or if your attempts have been fruitless it can be financially beneficial to seek the help of a professional from an Arizona property management company, KRK Realty and Management.