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1 Flexible payment plans Offer the tenant a flexible payment option. Instead of requiring the full security deposit upfront, consider allowing tenants to pay the security deposits in installments. This approach can make the move more manageable for tenants, enabling them to budget more effectively. To avoid any misunderstanding, document any agreement in writing. 2 Reduce security deposits history or good credit. Additionally, offering a deposit replacement program, where tenants pay a small fee for coverage instead of a Consider lowering the security deposit amount for tenants with a strong rental traditional deposit, can be attractive. 3 Security deposit guarantee Direct the tenant to apply with businesses that offer security deposit guarantees. This would significantly lower the tenant Many landlords charge various move-in fees. Consider waving or reducing some of those fees for tenants who are willing to move in early. This not only lowers initial costs but also encourages stability in your rental property. 5 Provide moving assistance As a landlord, you can offer to help the tenant with the cost of their move, whether hiring movers or renting a truck. This will reduce the burden on tenants and create a positive initial experience in their new home. 6 Open communication During the application process, encourage the tenant to discuss their security deposit requirement. 4 Waive certain fees financial concerns. By knowing the tenant’s financial situation, you can be creative in how best you can help the tenant to move into the property. For help with renting your property, reach out to Crest Premier Property Management.

M ANY SELF-MANAGING LANDLORDS complain they have difficulty filling vacant rentals during the holiday season. Even for well-qualified tenants, this time of year can be challenging, as many tenants also deal with additional holiday expenses. Moving into a new rental property often involves 6 ways to fill rentals during the holiday season BY SHERMAN AND EUPHEMIA WEEKES

Previous sales: $660,000 (2021) $355,000 (2009)

710,000 $

19795 N. Puffin Drive

Sept. 19

significant upfront costs, including first and last month’s rent, security deposits and various fees. Finding ways to work with tenants to lower the move-in costs can benefit both the landlord and the tenant. Lowering the move-in costs will allow for a shorter vacancy, nurture a positive relationship with the tenant, and lead to longer tenancy and a more stable rental income. Here are five effective ways in which landlords can help to ease the financial strain of tenants moving in:

This three-bedroom, three-and-a-half-bathroom lakeside home in Province is a hot commodity with its own casita to boot. The gated front patio features a turfed sitting area and the garage holds three cars with plenty of space for a golf cart, which is basically a requirement to live in Province. Walk into the house and you are greeted by a warm brown and beige color scheme. The living room has a fireplace and television with surround sound system. The kitchen has granite countertops and backsplash, wood cabinetry and a large walk-in pantry. The master ensuite has red walls with beige pinstripes, a walk-in shower with a glass block wall, jacuzzi and vanity. The fenced backyard is also turfed with a pool, firepit, dining area and a built-in grill under the covered patio. Another seating area sits on the waterfront. The home sold for $9,900 below list price.

Community: Province Quarterly HOA Fees: $829.41 Square feet: 3,117 Price per square foot: $221.37 Lot size: 10,042 sq. ft

Days on market: 24 Builder: Engle Homes Year built: 2006 Bedrooms: 3 Bathrooms: 3.5

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2. 42176 W. Cactus Flower Drive, Province..........................................................$625,000 3. 37710 W. Padilla St., Rancho Mirage ..................................................................$590,000 4. 40868 W. Wade Drive, The Lakes at Rancho El Dorado..........................$545,000 5. 41566 W. Somerset Drive, Glennwilde...............................................................$525,000

least expensive HOME SOLD

✓ Water removal & reconstruction ✓ Lead/asbestos/mold abatements ✓ Containment & dust protection ✓ Trauma/crime cleanup ✓ Company wide drug screening

Sept. 25 255,000 $

35454 W. San Ildefanso Ave.

This three-bedroom, two-bathroom corner lot home in Tortosa flooded before it was finished and sold at a discount. A dishwasher line leak flooded the home, which was mitigated the next day. It was sold empty and missing the bottom 3 feet of drywall throughout the home. The countertops, toilets and sinks were kept for later installation.

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Community: Tortosa Monthly HOA fees: $81 Square feet: 1,571 Price per square foot: $162.31 Lot size: 5,952 sq. ft

Days on market : 70 Year built: 2021 Bedrooms: 3 Bathrooms: 3.5

480-838-9558 crestpp@gmail.com CrestPPM.com 4625 S. Lakeshore Drive, Suite 300, Tempe

ROOFING, REMODEL & RESTORATION

2. 42275 W. Bunker Drive, Rancho El Dorado............................................$279,000 T3. 40142 W. Thornberry Lane, The Lakes at Rancho El Dorado.....$285,000 T3. 43273 W. Chisholm Drive, Rancho El Dorado....................................$285,000 5. 45004 W. Sage Brush Drive, Alterra...........................................................$289,000

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Source: MLS, Sept. 12 – Oct. 10

InMaricopa.com | November 2024

November 2024 | InMaricopa.com

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