Far West Realty - Rentals and Propery Management in Prescott
 

Permanent job or passive income?

https://www.farwestaz.com/?t=Prescott-Property-ManagementI 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.  He asked, “Would you rather… create a permanent job for yourself as a manager of rental properties, or…retire early with … passive real estate income?”  I would not only pose that question to prospective buyers of rental real estate investment properties, but I would also ask those who currently have such property, this question:  “Did you originally intend to create a permanent job for yourself as a manager of rental properties, or were you actually thinking your purchase would result in truly passive income for you in your retirement years?” 

I think that perhaps all too often, people who buy rental investment property in Prescott, have no realistic idea of the time, energy and money the management of their property will actually require.   And, I think their corollary thought may be, “I don’t want to give 10 [or whatever] percent of my retirement cash flow to some property manager when I am perfectly capable of putting an ad on Craigslist, collecting rent and hiring a handyman myself.”  I’ve had a fair number of owners who felt that way early on, come to me wanting me to manage their properties, after receiving an education in the rental real estate school of hard knocks. 

Look, the whole point of a “passive income investment” is that your time becomes your own.  The paycheck comes to you without you being subject to the demands of someone else’s wants or needs.  Some of the often “less fun” demands of owning a rental property, are showing the property to prospective tenants, hearing all their stories and excuses for poor credit and rental history, sorting through them to find those that are actually well qualified, chasing late rent payments, keeping constant and accurate track of all the books, and responding to emergent maintenance calls, just to name a few.  All of these take significant amounts of time – your time.  That sort of runs contrary to the notion of the income from your rental investment being “passive”. 

So, if you have found yourself in the above situation(s), and your passive income rental investment is turning out to be a lot less passive than you had intended, perhaps you should call me.  I have a lot of experience at marketing and showing rental properties, screening prospective tenants and dealing with actual ones.  I’ve heard most of the excuses and sob stories, and am pretty successful at encouraging timely rent payments and good care of properties.  I’ve got a great team of vetted maintenance vendors who do quality work and stand behind it.  They enable me to provide excellent and timely maintenance for your investment.  I have an excellent staff who are very good at producing a regular, timely and accurate accounting for all income and expenses on the properties we manage. 

The upshot of all this is that, my team and I at Far West Realty in Prescott are good at keeping your passive rental investment passive for you.  In addition, not only are our rates extremely competitive, but you are likely to be surprised at the money you actually save over managing your property yourself.  Think about it.  Call Dave at 928-772-0400.

 

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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
 
Review:
"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
 
Review:
"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
- Terry & Carol Bourque
 
Review:
"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
 
Review:
"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
- Ken & Diana Turner
 
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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
- David Hresko
 
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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
- Cathy M. Prescott, AZ
 
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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
- Theresa Williams
 
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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
- Jane Deleeuw
 
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"Great, dependable, and honest people that meet the needs of their customers..." read more
- Alex Spence
 
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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
- Bernadette Lafferty
 
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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
 
Review:
"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
- Judy Rosenberg
 
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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
- Jim F. Austin TX
 
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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
- Kent K. Newport Beach, CA
 
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.