ARIZONA RENTAL SECURITY DEPOSIT SHORT DUE TO RENTAL NOT IN GREAT SHAPE FOLLOW THE RULES OF ENGAGEMENT

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Real Estate Agent with RentVest SA535849000

ARIZONA RENTAL SECURITY DEPOSIT SHORT DUE TO RENTAL NOT IN GREAT SHAPE FOLLOW THE RULES OF ENGAGEMENT

 

phoenix property managementProperty management is one of those items that many real estate investors have decided to do it on their own until the tenant stops paying rent. Real Estate and Beyond in Phoenix, Arizona, offers Phoenix Property Management for $60.00 per month. What do I get for $60 per month? I get this question a lot from real estate investors. I tell them cash flow.

Recently, one of my tenants informed me that they had suffered job loss and need to vacate the property before the end of the lease. Tenant gave me 30 day notice to vacate. However, this does not mean tenant can break the lease without the owner and tenant agreeing upon terms. The lease is a contract between two parties. Real Estate and Beyond is the point of contact between the two parties.

I informed the tenant on what we can do and cannot do. I immediately put the unit back on the market for rent. I had one perspective tenant that loved the home. He put a nonrefundable deposit on the home. I informed the current tenant that I have found a replacement. Owners agreed to return security deposit based upon a MOVE INSPECTION. I think the tenant forgot this part of the agreement.

The maintenance department performed a move out inspection as scheduled. The tenant was being charged for the following items on the move out inspection:

 

Change A/C filter

Outlet cover in the bedroom downstairs

Behind the door in the bedroom you can see where the door hit the wall because there was no door stop so I recommend to install one of the plastic wall protectors to cover the place in the wall

Toilet seems to be slow going down could be a future problem or we can snake it now for

In the loft it seems as if water has been leaking in from the A/C duct that is run through the roof If we take some henrys and seal around it I believe that will resolve this issue

We explained to the tenant that the following charges were part of the agreement. We do the best we can to please both sides. The new tenant is very happy with the unit. It is time to rent the other units out this weekend.

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

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Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow that is a bargain, most property management in my market charge around 10% of the rent...Endre

Jun 28, 2017 11:10 PM #1
Rainmaker
3,444,792
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Harry.  In the end it is all about communication.  Glad to hear it all went well

Jun 29, 2017 03:15 AM #2
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Endre Barath, Jr. full service

Jun 29, 2017 08:20 AM #3
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Harry F. D'Elia III
RentVest - Phoenix, AZ
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James Dray daily contact

Jun 29, 2017 08:20 AM #4
Rainmaker
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Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Harry F. D'Elia - Yours is not an easy job but one you do with great competence. I don't envy you. 

Jun 29, 2017 08:43 AM #5
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