Investment Property Managers: Soft Skills are Your Superpower

Cross-industry companies are seeking employees with more than sector-specific expertise. Workers high on the lists of recruiters these days are those with the essential soft skills to run a successful team. They want workers with the necessary soft skills to manage high-achieving teams, which is important in investment property management. Among the soft skills that are typically considered to be the most difficult to master are conflict resolution, interpersonal skills and the ability to communicate effectively, especially in high-stress and conflict-charged situations.

What Property Managers and Landlords Need to Know About Today’s On-Demand Economy

We live in an age of immediate access to goods and services. Today’s on-demand economy is supported by tech-driven digital marketplaces that make nearly everything available on-demand. What does the on-demand economy mean to property managers and landlords? Plenty. Today’s renters have high expectations when it comes to selecting the place they call home. In the on-demand economy, renters look for convenience, amenities, safety, and services—and meeting the challenge offers an excellent opportunity to outshine your competitors by creating a great customer experience.

Real estate photography trends for 2019: new, innovative technologies

Understanding current trends in real estate photography can help reduce a home’s days on market and accelerate its sale. Successful real estate professionals, property owners, and investors are those who stay abreast of new, innovative, and sometimes disruptive technology developments in real estate marketing photography.

High demand amenities_ what renters want and what landlords gain

In 2018, more people are renting than at any time since 1965, according to the Pew Research Center. Landlords and property managers can benefit from the ever-growing pool of potential tenants and better ensure low vacancy rates by making a concerted effort to provide amenities that tenants value most. In a nutshell, tenants like any technology, services, and conveniences that make their lives easier.

Arizona tourism genertes record $22 billion in 2017

Hotels, motels, and other sundry accommodations, in general, hosted a record-setting number of visitors last year who spent a record-smashing $22.7 billion (an average $62 million per day) while vacationing here last year, according to new research from Arizona’s Office of Tourism.

Phoenix rising home prices fueled by low inventory

Low inventory in high demand residential real estate markets is fueling rising home prices in Phoenix and across Arizona, a trend that won’t shift as long as demand exceeds supply according to a new report from CoreLogic’s Home Pricing Index.

Energy conservation tips for Phoenix summers

16 energy-saving tips that will make summer in Phoenix more manageable than you think! Whether you’re a long-time resident of Phoenix or recently relocated and settling into your first West Valley home, chances are you’re at least a bit apprehensive about the cost of keeping your home cool enough to be comfortable throughout the sweltering desert summer. Staying cool and comfortable during Arizona’s summer months is vital to your health, well-being, and will to live. So the best approach is to make energy efficiency a priority.

Metro Phoenix apartment demand attracts investors and developers

Metro Phoenix apartment demand is high—so high, one developer is tearing down a full block of 20 homes in Central Phoenix to accommodate a 329-unit apartment complex. The 20 homes, built between 1915 and 1950, met the wrecking ball this month as crews began razing the aging and, in some cases, rundown structures and clearing the 3.6-acre site, located on the block between Third and Fifth Streets, Early Drive, and Cheery Lynn Road in Central Phoenix.

Phoenix apartment shortage

Phoenix apartment shortage: new housing market report projects a big shortage in units by 2020.

Tempe retirement: Tempe is one of 8 top U.S. retirement destinations

Phoenix old home renovations: preserve the original architectural design details of an old home for maximum resale value

The Phoenix area is one of the most popular areas in the U.S. for home flipping. Phoenix has a generous supply of older homes that attract real estate investors looking to renovate and resell for a profit.  When it comes to renovating older homes for resale, the rule of thumb is to do strictly what is necessary to make it profitable (without doing too little), and not only to stay within a predefined reno budget but also to avoid damaging or removing traditional interior and exterior elements

Rental home investment returns nearly as profitable as stocks,

The millions of small-scale rental property owners in the U.S. and others who are considering joining these ranks may be surprised to learn that, as an investment, rental home ownership is nearly as profitable as stocks and substantially more profitable than bonds, investment deposit accounts with risk, and other investment instruments according to a new study.

Metro-Phoenix home prices rising, Millennials driving the trend

Metro-Phoenix home prices are rising most rapidly in a number of area communities, from Phoenix to Mesa—popular areas among younger buyers—and first-time Millennial homebuyers are driving the trend. The first-time homebuyer market is bursting. Young house hunters have grown tired of renting and they can afford to buy their own homes.

Renting now outpaces homebuying in the U.S. Here's why.

The American dream transforms Homeownership, the American dream, right? Well, not so much. It may have been up until about a decade ago when millions of U.S. homeowners lost their homes to foreclosure in the 2008 housing bubble collapse and subsequent recession. The trauma so many Americans experienced still haunts most people who were impacted, crushing the generations-old mindset that buying a homemade good financial sense.

Phoenix's live-work-play lifestyle offers something for everyone

People are moving to Phoenix for plenty of reasons! The fifth largest city in the U.S.,  Phoenix, Arizona has plenty to offer both residents. Whether you fell in love with the area while vacationing here, or you’re moving here for a job transfer or new job, residents of the bustling desert city don’t regret deciding to make the move.

Self-Storage Development in the Wake of the 2016 Boom Bubble Burst

From 1994 to 2014, self-storage REITs (real estate investment trusts) delivered 18 percent annualized returns with lower volatility than their REIT counterparts. For more than a decade, new self-storage facility development nationwide was abundant, and there seemed to be no end in sight. In 2015, self-storage construction spending rose by 73.3 percent across the U.S. surpassing the billion-dollar mark for the first time since 2008.

Arizona retirement: 9 reasons to consider the financial, health, and lifestyle benefits of spending your golden years in the Sunset State

Arizona has been a popular retirement destination for decades. Sun City, near Phoenix, was developed more than 50 years ago and marketed as the very first active adult community in the U.S. In addition to its mild winter climate that varies across various altitudes, world-class golf courses, and the Grand Canyon right at your back door, Arizona offers plenty of financial and health advantages that make sense for the baby boomer generation of golden-agers who’ve worked 30-45 years to relax and enjoy their place in the sun.

Real estate investing: Real Estate Investing for novices: How to get started in residential real estate investing

Not everyone dreams of being a landlord, but investing in residential real estate can be a lucrative addition to an investment portfolio, and a great income stream generator in retirement. With an abundance of opportunities to enlist a competent property management team to deal with the day-to-day responsibilities of maintaining rental properties, real estate has become a particularly alluring option for investors.

SELF-STORAGE_HURRICANE_IMPACT

The impact of natural and man-made disasters isn't new to the self-storage industry. Through fires, earthquakes, tornadoes, hurricanes and other catastrophic events, storage facilities are often inflicted with damage to property including units harboring tenant belongings. Facility managers must mobilize quickly on insurance procedures for business losses, communicate clearly with customers on the status of their property as well as operational issues, and skillfully handle messaging with the media.

House Bill 357 Update to Florida's Self-Storage Lien Law Passed

House Bill 357 (HB 357), an update to the state's self-storage lien law, was signed into law by Florida Gov. Rick Scott on June 9, 2017, enabling storage facility operators to issue late fees, conduct lien auctions online, place value limits on stored items, and have motor vehicles towed. HB 357 passed through the house and senate unanimously and went into effect on July 1.