Far West Realty - Rentals and Propery Management in Prescott
 

All That Glitters is not Gold when it comes to being a property manager

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 anything and rent only to those who are the most qualified. It is rare for someone to move in and not live up to our expectations. But not every landlord experiences that level of success with tenants.  Below, we would like to share with you some situations where “not everything that glitters is gold.”

 

A few years ago a man and his wife applied to rent a property that we manage. They looked good, were well employed, with good credit and no criminal history. The next step was to call the current landlady. She sounded professional and courteous. She extolled the virtues of her tenants, stating that they paid on time for several years, took care of her property and of course, even with their dog, they could rent from her again. We went through all the formalities and they moved in.

 

A week later, an elderly gentleman consulted with me. He was interested in our property management services. While he was here he told me a horror story about a property he managed on his own. Some really bad tenants left owing him thousands of dollars and allowed their dog to destroy the carpet and pad.

 

When he saw me, he was still quite upset, in the process of a court case with the tenants, and willing to tell me all the details about his tenants. The details sounded more and more familiar the more he told. He agreed to share the tenants’ names with me. I had an “OH NO!” moment as I realized that these were the same people I just leased the property to, based on their landlady’s glowing report. Suffice it to say, I was just a tad upset.

 

Further into the conversation, I told the gentleman the name of the landlady who had said such wonderful things about my new tenants. With a dead-pan expression on his face he said, “That’s their mother,” as in the mother of my new lady tenant. I thought I’d seen it all. The wool had definitely been pulled over my eyes.

 

The same day I confronted my new tenants about their subterfuge. They were stunned that I discovered their plot and they were left speechless. This was no time to give any leeway, but I wanted to avoid immediate eviction for fraudulent behavior. I gave them the opportunity to sign an addendum to the lease; remove permission for the dog to remain at the house, and agree to monthly walk-through inspections (quarterly are normal). They heard my sermon on the “Evils of Dishonesty,” and they gratefully signed the addendum. They did prove to be model tenants thereafter and returned the property in excellent condition.

 

In the end, the outcome was a win for my clients, (the owners of the house that the deceivers had leased from me). Their cash flow was uninterrupted and the condition of the property was preserved. It was a win for our property management services because we had not only protected the property and interests of this client but had also gained a new client, the elderly gentleman, whose home we still manage. Because the deceivers had been caught, they received and took advantage of an opportunity to change their behavior – at least while they rented from us.

 

There are several morals to this story, but the most important one is for property owners that are managing their own properties, especially if doing it remotely from another city or state. It is this: In addition to the need to be extraordinarily cautious about performing a thorough screening of prospective tenants, and diligent about regularly monitoring their treatment of your property in Prescott, you can take nothing for granted. That’s why you should contact Far West Property Management at 928-772-9400

 

 

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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.