Do you manage your own rental properties? As a property owner and the rental manager at the same time, you are, likely, very sensitive to the costs associated with hiring... read more
Posted to: Far West Realty’s Property Management Division

Rent your vacation property - property management in Prescott by Far West RealtyThe Prescott area has many things to do, visit, and see, however many people do not call Prescott... read more
Posted to: Far West Realty’s Property Management Division

Spring is here and it’s often the time to start new or refresh. This is true of rental properties as well. Not only is this a time of year where... read more
Posted to: Far West Realty’s Property Management Division

If you are a landlord, it is essential that you be aware of legally required disclosures when leasing your Prescott rental property. Far West Realty shares some of the common... read more
Posted to: Far West Realty’s Property Management Division

If you own a second property in Prescott and decide to use it as a rental property, you have made the choice to be a landlord. Far West Realty would... read more
Posted to: Far West Realty’s Property Management Division

When a homeowner can’t sell their home, it can be very frustrating and may be caused by a number of different factors. One common factor is as simple as a... read more
Posted to: Far West Realty’s Property Management Division

If you’re lucky enough to have more than one home, either from the family estate or an investment property, you should consider the benefits of turning it into a rental... read more
Posted to: Far West Realty’s Property Management Division

If managing your investment properties in Prescott is more than you can handle, then you need Far West Property Management to handle your tenants and properties.Is managing your investment properties... read more
Posted to: Far West Realty’s Property Management Division

Are you thinking about investing in a rental property in Prescott? There are many things to consider. Owning the property is only the first step; managing it is something completely... read more
Posted to: Far West Realty’s Property Management Division

There are many advantages to hiring a property management company, but some folks think it’s too expensive. Far West Realty knows that hiring a property manager may not be for... read more
Posted to: Far West Realty’s Property Management Division

The last several weeks we have been sharing with you how to select the right rental property to invest in. From the neighborhood to the type of property itself, now... read more
Posted to: Far West Realty’s Property Management Division

Renting out an investment property can be a very time consuming and a difficult process. Knowing all of the ins and outs of the business takes time and is hard... read more
Posted to: Far West Realty’s Property Management Division

Laws pertaining to rental housing are established to protect both parties of the landlord-tenant relationship. In our many years of property management in the Prescott area, we at Far West... read more
Posted to: Far West Realty’s Property Management Division

When considering investments, buying rental real estate is often at the top of the list. Among the benefits of buying rental property are:  1) the property may well increase in value,... read more
Posted to: Far West Realty’s Property Management Division

If you’re a property owner interested in renting your your second home, the choice of how to deal with the management of the property should be a high priority. Far... read more
Posted to: Far West Realty’s Property Management Division

Consider who you will be renting to.In general, the lowest risk, highest relative reward properties for beginners are single family dwellings or duplexes. Duplexes are often lower maintenance than single... read more
Posted to: Far West Realty’s Property Management Division

You buy a house, it’s just right and meets all your needs. Then things change. Maybe it's by choice or maybe your work is forcing you to relocate. Either way,... read more
Posted to: Far West Realty’s Property Management Division

Far West Realty, your local Prescott property manager, understands that hiring a Property Management firm for your rental property is a big decision. If this is the first time you’ve... read more
Posted to: Far West Realty’s Property Management Division

So you’ve been managing your own rental properties and it’s beginning to be a hassle. Then someone mentions the Fair Housing Act which, they say, may affect your rental properties... read more
Posted to: Far West Realty’s Property Management Division

If 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... read more
Posted to: Far West Realty’s Property Management Division

Prescott is certainly a desirable place to own and rent property. If you live out of the area or out of state there are things you should know about managing... read more
Posted to: Far West Realty’s Property Management Division

At Far West Realty we know that purchasing a home can be very nerve racking, buying an investment property in Prescott can be even more so. Everyone remembers purchasing their... read more
Posted to: Far West Realty’s Property Management Division

Northern Arizona is such a sought after destination for many types of homesteaders, but for sure investors are attracted to our beautiful quad-city area. Real estate investors are drawn to... read more
Posted to: Far West Realty’s Property Management Division

In this age of word-of-mouth referrals, satisfied customers are by far the best advertisement. When choosing a property manager for your Prescott investment properties, consider the recommendations of the many... read more
Posted to: Far West Realty’s Property Management Division

Proper management will be the link to having lucrative investment properties. So much is at play when it comes to investment properties such as: collecting the rent on time, maintaining... read more
Posted to: Far West Realty’s Property Management Division

Few tenants will care for your property the way that you would. You probably have an attachment to your home(s), especially if you, yourself, once lived in the home and... read more
Posted to: Far West Realty’s Property Management Division

If you are planning to buy an investment property in Prescott, don’t let grass grow under yourfeet, as prices seem to be steadily rising. Prescott has been thought of as... read more
Posted to: Far West Realty’s Property Management Division

Far West Realty’s Property Management division is a selective, high-quality service company. Managing only about a hundred carefully chosen properties, we are a fairly small company, focused on meeting the... read more
Posted to: Helpful Property Management Articles

Sometimes screening potential tenants can be as much art as science.  Far West Property Management in Prescott discusses issues encountered with tenants in Prescott. More than once I’ve received applications... read more
Posted to: Helpful Property Management Articles

Once you have invested in a rental property, the responsibility of maintaining and running the property can quickly become overwhelming.  For owners, the logical solution is to hire a property... read more
Posted to: Helpful Property Management Articles

In a recent article, Far West realty discussed some of the benefits a property management company can provide for your rental properties. Far West Realty would like to share additional... read more
Posted to: Helpful Property Management Articles

For months now, the U.S. housing market has been hampered by too few homes being chased by too many buyers.  The shortage of properties is a problem not only for... read more
Posted to: Helpful Property Management Articles

We are cautious when we look for prospective tenants to rent from us here at Far West Property Management in Prescott. We screen our tenants thoroughly making sure that we don’t miss... read more
Posted to: Helpful Property Management Articles

Far West Realty’s Property Management division in Prescott is a selective, high-quality service company. Managing only about a hundred carefully chosen properties, we are a fairly small company, focused on... read more
Posted to: Helpful Property Management Articles

There are few things better than a reliable, on-site intermediary when it comes to managing rental property. If you have a Prescott rental, then you probably know that issues come... read more
Posted to: Helpful Property Management Articles

Rental properties can be a good source of income. However, managing your own rental properties can also be time-consuming. You may experience tenants mistreating the property, creating problems with the... read more
Posted to: Helpful Property Management Articles

Hiring a property manager for your rental units can provide some great benefits, such as not having to screen tenants, collect rent, enforce the rental agreement, or deal with maintenance... read more
Posted to: Helpful Property Management Articles

A checklist can help relieve the stress of tenant move-out and make both tenant and landlord aware of the expectations. Far West Realty shares a checklist for Prescott landlords when... read more
Posted to: Helpful Property Management Articles

Real estate investing can be a fulfilling and lucrative endeavor. However, many people dive right in without taking the time to consider important steps. This leads to headaches and heartaches... read more
Posted to: Helpful Property Management Articles

Communication is essential in the property management business. In order to keep a property in Prescott in the best condition, both physically and financially, property managers need to have open... read more
Posted to: Helpful Property Management Articles

Determining the right amount to charge for your rental property can be difficult. If you charge too much, you may have trouble finding tenants, which, in turn, reduces the amount... read more
Posted to: Helpful Property Management Articles

Far West Realty in Prescott discusses what really is an emergency for property managers or homeowners.. “Ring . . . Ring . . . Ring . . .”“Hello, this is... read more
Posted to: Helpful Property Management Articles

As a landlord, you might be wondering if you require lease up services only, or a full property management service. Sometimes, landlords who live in our local area are okay... read more
Posted to: Helpful Property Management Articles

Rental income property lessons can be very expensive. If you're a rental property owner, you may already have paid the price for being 'too nice' or thinking a basic understanding... read more
Posted to: Helpful Property Management Articles

Today we are talking about how to handle repairs and maintenance on your rental property in the Prescott area. Property maintenance is very important for your rental home, and not... read more
Posted to: Helpful Property Management Articles

Owning rental property might seem at first like an easy income maker, but there are hidden costs. Tenant turnover is one of those hidden costs that can be more expensive... read more
Posted to: Helpful Property Management Articles

Does the walk to your front door seem to grow longer by the year? Or, do chores seem to take more time with each passing week? If so, it might... read more
Posted to: Helpful Property Management Articles

Have you ever dreamed of buying a property in the Prescott area and becoming a landlord?  Far West Realty in Prescott has a list of issues  for property management that... read more
Posted to: Helpful Property Management Articles

  “I’m so tired of being treated like a number!”  I’ve heard that line, or lines very similar to it, many times over the years, from Landlords and Tenants alike.  None... read more
Posted to: Helpful Property Management Articles

One of the most observable (and preventable) weaknesses in a landlord’s management procedures is the failure to perform regular, personal walk-through inspections of their rental properties.   Rental property isn’t really... read more
Posted to: Helpful Property Management Articles

When a tenant moves out of your rental property, and is no longer obligated to maintain the utilities in his or her name, he or she will typically want to... read more
Posted to: Helpful Property Management Articles

The place is finally ready.  You’ve painted, re-carpeted, repaired, mowed and spit-shined. Your investment rental property in Prescott is now ready to rent.  You’ve taken a host of professional-looking photographs,... read more
Posted to: Helpful Property Management Articles

Your investment property in Prescott is ready. It has a fresh coat of paint, new carpeting and everything is in working order. The rental looks better than most of the... read more
Posted to: Helpful Property Management Articles

Your investment property in Prescott is ready. It has a fresh coat of paint, new carpeting, and everything is in working order. The rental looks better than most of the... read more
Posted to: Helpful Property Management Articles

Recently, I received the following testimonial from some very kind people whom I had had the privilege of serving over the last few years. They had asked me to manage... read more
Posted to: Helpful Property Management Articles

Many investors are seeking to get into the rental market to create passive income to fuel their lifestyles, and face it, the amount of rental properties in Prescott is growing.... read more
Posted to: Helpful Property Management Articles

Are you looking to retire with some passive income as part of your plan for your golden years, or are you looking for a job as a property manager? Surely... read more
Posted to: Helpful Property Management Articles

Are you looking to retire with some passive income as part of your plan for your golden years, or are you looking for a job as a property manager? Surely the... read more
Posted to: Helpful Property Management Articles

I read an article the other day by Seth Williams, in which he posed an interesting question for those who own or are looking to own residential investment rental property. ... read more
Posted to: Helpful Property Management Articles

We at Far West Realty of Prescott would like to share a story about how prevention trumps cure every time when it comes to managing rental properties. Back in... read more
Posted to: Helpful Property Management Articles

Are you planning on purchasing a property with the aim of becoming a landlord? Perhaps you have already purchased that property, and you’re ready to take the first step. Far... read more
Posted to: Helpful Property Management Articles

If you're a Prescott investment property owner, whether in state or out of state, you may think that property managers only fill out leases and collect rent. You may be... read more
Posted to: Helpful Property Management Articles

As I’ve alluded to in my last couple of posts, anyone who’s ever dealt with property management of their own rental property, especially long-distance, has experienced some of the stresses... read more
Posted to: Helpful Property Management Articles

Are you new to the world of rentals?  Have you looked at having a property manager take over some of the management of your property? Far West Realty’s Property Management... read more
Posted to: Helpful Property Management Articles

That’s I question I am often asked.  It usually goes something like this:  Dave, I have (or am considering buying) a 1400 square-foot, 3-bedroom, 2-bath home with a 2-car garage,... read more
Posted to: Helpful Property Management Articles

We at Far West Realty in Prescott would like to share a story about how prevention trumps cure every time when it comes to managing rental properties. Back in the 90’s,... read more
Posted to: Helpful Property Management Articles

Both those who have used a property manager before and those who have not, sooner or later learn the value of hiring a real property management company. Far West Realty’s... read more
Posted to: Helpful Property Management Articles

I’ve said it before and I’ll keep saying it – “You cannot be too careful or too thorough in screening your prospective tenants.”  This is one area where the rental... read more
Posted to: Helpful Property Management Articles

Whether you own one or multiple rental properties in the Prescott area, here are several important reasons for making Far West Realty your investment property manager. Managing about a hundred carefully... read more
Posted to: Helpful Property Management Articles

  Rental properties in Prescott can be a great investment.  Renting out your home in Prescott after you’ve had to relocate for a new job or other life change, can be... read more
Posted to: Helpful Property Management Articles

When you hire a good, professional property manager, you add great value to your rental property investments. Many experienced real estate investors agree that working with a good management company... read more
Posted to: Helpful Property Management Articles

Here are a few tips from the experienced managers at Far West Property Management in Prescott:•    Walk through your rental units regularly.  We recommend at least once every four months.... read more
Posted to: Helpful Property Management Articles

Acquiring a Prescott rental property is a good start in helping you increase wealth. Your next step should be enlisting a professional property manager to handle the details for you.... read more
Posted to: Helpful Property Management Articles

A couple of years ago, a man and his wife applied to rent one of the properties we manage. On paper, they looked very good, being well employed, having a... read more
Posted to: Helpful Property Management Articles

It is a common question that rental property owners and landlord ask, “Is it worth it to hire a property manager to take care of your rental properties? Far West Realty... read more
Posted to: Helpful Property Management Articles

Property management sounds simple.  However what people do not realize is that there is more to property management that what meet the eye.  When choosing a property management company Far... read more
Posted to: Helpful Property Management Articles

As we’ve noted before, Far West Property Management monitors our managed properties by means of personal walk-through inspections in Prescott.  We do these about every 3 months.  But, just what... read more
Posted to: Helpful Property Management Articles

Given you are in no rush to buy, you might as well wait for the best time of the year to buy property: November, December, and January.  Far West Realty... read more
Posted to: Helpful Property Management Articles

When a tenant reports a problem with your property, it’s your responsibility to fix it.  However, it’s more common for landlords to not have much experience in all the things... read more
Posted to: Helpful Property Management Articles

Far West Property Management in Prescott provides reasons why investment properties in Prescott are a good idea. An income property is a property bought or developed to earn income. Keep... read more
Posted to: Helpful Property Management Articles

Screening prospective tenants - Property Management in Prescott by Far West Realty Sometimes screening potential tenants can be as much art as science.  More than once I’ve received applications from people... read more
Posted to: Helpful Property Management Articles

As a real estate investor, you understand that thoroughly vetting a property management company before choosing to engage them is essential. There are several factors that you need to consider... read more
Posted to: Helpful Property Management Articles

From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting... read more
Posted to: Helpful Property Management Articles

Winterizing your house is the best way to protect your investment property in PrescottWhether or not you’re a fan of cold weather, one thing is inevitable: winter is coming.  If... read more
Posted to: Helpful Property Management Articles

Experienced landlords know that one of the keys to stress-free property management is finding high-quality tenants for every unit they own. Far West Realty, your local Prescott property manager, shares... read more
Posted to: Helpful Property Management Articles

You might own a rental property but are too swamped with other projects to give the property the attention it deserves. Far West Realty would like to share a few... read more
Posted to: Helpful Property Management Articles

 Rental properties are a great investment, but they do take work to manage. Is hiring a property management company the right move for your Prescott rental? Far West Realty shares the... read more
Posted to: Helpful Property Management Articles

Far West Realty provides excellence in property management for your Prescott rental home.Are you in a position where you would like some help managing your Prescott rental property? Far West... read more
Posted to: Helpful Property Management Articles

Some landlords believe that after a tenant is selected for a residence, the only thing required after that is to collect the monthly rent. This is far from the truth.... read more
Posted to: Helpful Property Management Articles

Owning a rental property can be a great investment, generating steady income. However, rental properties only work out for landlords when they have good tenants. Why hire a property manager... read more
Posted to: Helpful Property Management Articles

  As a landlord you might consider hiring a property management company for your rental properties. What are the advantages to hiring a property management company and what exactly would they... read more
Posted to: Helpful Property Management Articles

Back in ’07 when I first became an owner of a real estate company in Prescott, Arizona, I made calls to all my previous real estate clients to let them... read more
Posted to: Helpful Property Management Articles

Maintenance, security, and collecting rent are only a part of what most rental property owners think of. What about emergency calls at night? Is that an option for your lifestyle,... read more
Posted to: Helpful Property Management Articles

In an effort to address questions I’ve had over the past year, I’d like to give you a taste of what full service property management in Prescott Arizona looks like... read more
Posted to: Helpful Property Management Articles

A number of things happen when a good prospective tenant first sees your rental property. Among others, they decide very quickly whether it appeals to them. If it does,... read more
Posted to: Helpful Property Management Articles

We get calls from prospective clients wanting to know how we do what we do.  We are, at Far West Realty, of course, always glad to give them our “spiel.”... read more
Posted to: The Rental Property Life Cycle

At Far West Property Management, we thoroughly screen every applicant, using a professional background investigation service.  We also speak personally to previous landlords, and current employers to get first-hand input... read more
Posted to: The Rental Property Life Cycle

Last week I posted a lengthy article covering what we call our “Rental Cycle of Life.”  I want to take some time this week and go a little more in... read more
Posted to: The Rental Property Life Cycle

Item 2 on Far West Property Management’s Rental Cycle of Life, is Maintenance.  I know that real estate investors are ultimately concerned about one thing with regard to their rental... read more
Posted to: The Rental Property Life Cycle

The single most effective method we’ve found for finding quality prospective tenants quickly, is online advertising.  And, this is simply because it seems that the great majority of people looking... read more
Posted to: The Rental Property Life Cycle

I think one of the essential elements of handling any rental property is creating what I refer to as a “Good” lease.  Leases are not “one size fits all” things. ... read more
Posted to: The Rental Property Life Cycle

All too often landlords are so relieved to get a tenant in their rental property, that they forget or overlook one of Yogi Berra’s truest truisms:  “It ain’t over ‘till... read more
Posted to: The Rental Property Life Cycle