Far West Realty - Rentals and Propery Management in Prescott
 

The Life Cycle of a Rental

For all of your property management needs just call Far West Realty in PrescottIf you are a new rental property owner, or are considering purchasing a rental property, there are many things you will want to know. One of the most often misunderstood items is the life cycle of a rental. Far West Realty, your local property management company in Prescott, would like to give you some insight into this cycle so that you can have a better understanding of what to expect.

A rental property’s life cycle can be segmented into two primary parts: the turnover process and the tenancy period.

Turnover Process - This is the period of time when the property does not have a tenant. This may be the time shortly after acquiring the property and before a tenant is found, or it may that a tenant has decided to not renew their agreement and have moved out of the property. During this time when the property is vacant, it is a good idea to do a thorough inspection of the property to determine the condition and any maintenance that is needed. 

Marketing - Once the necessary maintenance is done, the property is ready to be occupied. So you have to figure out where and how to market your property in order to get well qualified tenants. At Far West Realty we focus on the major syndicated sites such as Trulia, Zillow, Hotpads and more and have an excellent track record in getting responses from our marketing.

Screening - At Far West Realty, we use an experienced screening service to run full background checks on all applicants, as well as speaking to previous landlords. We strictly follow all fair housing guidelines in finding those with the best rental histories and best financial qualifications, and nearly always have the very best of tenants in all our rental properties.  

Tenancy Period - Once a tenant has been approved, the next major cycle begins. Even though there is now a tenant, the requirements to maintain good communications and keep maintenance up to date are still extremely important. Owning a property requires someone, whether they be an individual owner or a property management company, such as Far West Realty, to go beyond just collecting rent payments each month. The more satisfied the tenants are with not only the home but the management of the property, the longer term tenants you will have. Even though to you, it’s an investment property, you are dealing with someone’s home. 

This is the Life Cycle of a Rental.  It repeats itself over time and each component is important. At Far West Realty we have experts who can help you manage your rental property and make sure that the cycle runs smoothly. For more information about how we can help, please give us a call at 928-772-9400.

 

Posted to: Far West Realty’s Property Management Division

 

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"We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff...." read more
- Tammy and Jim
 
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"Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them. ..." read more
- Jim Bogner
 
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"Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant..." read more
- Kent
 
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"I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care..." read more
- Korina Elliott
 
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"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
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"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry and Carol Bourque
 
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"Dave, Re: Our Experience with Far West Realty We have had an excellent experience with David Hamill and his staff at Far West Realty. The goals of the owners and..." read more
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"We originally contracted with another Property Management house in Prescott, but they proved that they were incapable of doing even the most basic of jobs (like keeping the power turned..." read more
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"I was a commercial property manager/leasing agent for 26 years in Newport Beach and I well know that it takes some very special skills and abilities in order to manager..." read more
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"I\'ve had Far West for my property management for several years. They take care of everything and send me a check! They schedule regular inspections so that I..." read more
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"I have been associated with Far West Realty since it opened. Dave has handled my properties and he is excellent. This is the third property management company I have dealt..." read more
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"Great, dependable, and honest people that meet the needs of their customers..." read more
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"Prior to using Dave Hamill at FarWest, I went thru so many management companies. I have been with Far West for many years now! When Dave says he..." read more
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"My wife and I have used Dave's services since we bought our property in 2011. As absentee owners, we were concerned about managing our rental property and Dave and..." read more
- Larry Blachut
 
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"Best property manager in Prescott area. Dave handled all aspects of the Leasing and managing of our single family home As an out of state owner,..." read more
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"Far West Realty has been my property manager in Prescott for the last six years. Dave Hamill and his crew have done a good job for me. They..." read more
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"David Hamill is very conscientious and professional. If you are considering Far West Realty for property management services, you will be pleased with their expertise, care, and attention.  Your financial..." read more
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Far West Property Management 5 out of 5 based on 17 ratings.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff. The very few concerns or problems we have had with our unit have always been met with real consideration and responsiveness. Further, Dave and his staff are readily accessible and always courteous. Tammy and Jim
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant selection, lease negotiation, recovery when a former tenant didn't pay the last month's rent, cleaning, maintenance, marketing, managing repair work, etc. Dave and his team were always professional, courteous, competent, and just nice people. I wholeheartedly recommend them!
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care of. I have complete faith in Dave and his team in the oversight of my property. They are thorough and very prompt in any given situation. I love the fact that I know that the house is being taken care of with TLC. You can't put a price on piece of mind and that is exactly how I benefit from using them. I would strongly recommend using Far West for your management needs. You will not be disappointed.