TENANT ASKED WHAT IS THE GAME PLAN? ANSWER IS

By
Real Estate Agent with Real Estate and Beyond, LLC SA535849000
http://activerain.com/droplet/4YWc

TENANT ASKED WHAT IS THE GAME PLAN? ANSWER IS

 

PHOENIX PROPERTY MANAGEMENTMany of you know that I own a real estate brokerage that focuses on Phoenix Property Management. Yes, we do see all the joys and pains when it comes to managing rentals. However, we are very good at what we do when it comes to Phoenix Property Management.

There are three steps when it comes to investing in Phoenix Real Estate

 

  1. Purchase the property
  2. Rehab the property
  3. Rent and manage the property (landlord/tenant relationship)

 

The first two items on the list are easy. However, I would say #3 is the most challenging because we are dealing with humans. Do you really want the headaches or is it easier hiring a property management company? Personally, a great management company is worth their weight in gold in my opinion.

 

I have adopted a theory when it comes to Phoenix Property Management. The tenant has two choices

 

PAY OR PACK?

 

Yes, it really is that simple when it comes to Phoenix Property Management.

 

Here is a great example that I deal with each month.

 

Tenant informs me that he left the state to attend a funeral. He said he was going to pay rent on a certain day. Well, he never paid rent that day. Yes, I did call and left a message with this person. However, I did not receive a response all day. Going back to my PAY OR PACK philosophy I started the eviction process on this person. BINGO-that tenant was able to pay full rent plus court and late fees to stay in that unit.

 

Just another day in Phoenix Property Management

 

 

Posted by

Make the Call, Set the Plan, Do the Deal$!

Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

 

Phoenix Real Estate Resource Center

 

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Rainmaker
2,312,722
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Harry.  s I've stated before I would not make a good landlord.  Therefore, should I ever purchase a property that I wanted to rent out I would hire a P M Company.

Jan 19, 2017 04:41 AM #1
Rainmaker
2,470,260
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Harry. Many do not have the fortitude to stick to that policy! Enjoy your day!

Jan 19, 2017 04:42 AM #2
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

James Dray great decision

Jan 19, 2017 04:43 AM #3
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Wayne Martin it is case by case--stick to the plan

Jan 19, 2017 04:44 AM #4
Rainmaker
514,587
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

Develop your processes and stick to them. That's what makes a succesful property manager! I filed on four tenants this month. Winter is always hard in my area.

Jan 19, 2017 05:46 AM #5
Rainmaker
2,838,702
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Harry. Lease wording is very important. Apparently you have that down.

Jan 19, 2017 05:58 AM #6
Rainmaker
1,627,053
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Harry F. D'Elia - Did you write the rules for Monopoly? 

I love your simple and easy rules for your business. It's NOT a game!!! 

Jan 19, 2017 06:48 AM #7
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Nathan Gesner January is always a tough month right after Christmas. best to you

Jan 19, 2017 06:59 AM #8
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Sheila Anderson I keep it simple and real

Jan 19, 2017 06:59 AM #9
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Patricia Feager people like simplicity

Jan 19, 2017 07:00 AM #10
Rainmaker
556,277
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Harry F. D'Elia 

The simpler the message the easier it is understood.

Jan 19, 2017 12:30 PM #11
Rainmaker
4,042,257
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Harry.  This is the right way to run a business.  People need to own up to their responsibilities.

Jan 20, 2017 06:31 AM #12
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Doug Dawes keep it simple works best

Jan 21, 2017 03:19 AM #13
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Gabe Sanders I totally agree on this item

Jan 21, 2017 03:20 AM #14
Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

It is a partnership... gotta be good for both ends of the rental teetertotter Harry F. D'Elia !

Jan 21, 2017 03:46 AM #15
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
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Andrew Mooers I hear you

Jan 21, 2017 03:49 AM #16
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It seems every tenant that is late has a story. If you are running the rental as a business you will take swift action like you did and move forward. I think I have heard every excuse out there in my many years of doing PM.

Jan 21, 2017 08:22 AM #17
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Harry F. D'Elia
Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Debbie Reynolds I hear many stories each month--two options pay or pack

Jan 21, 2017 03:19 PM #18
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