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Next time your tenants lease renewal comes up, incorporate a $50 nuisance clause into the lease. The tenant shall pay the first $50 of all repair that may occur. This will eliminat a lot of the little thing that come up. This could also be written to applyed to Home warranty service calls.
http://www.TheArizonaHomebuyer.com where you can search like a Realtor.
I just signed up with propertyinvesting,Wow! so many great thoughts and ideas. Runway you certainly hit the nail on the head. I have been working with investors in the greater Metro Phoenix area where property values have depreciated over 50% in the last 4-5 years. Many areas have bottomed out, and other areas still have some room to go. When talking about bad areas, some of the highest trackable appreciation has been within the not so great areas due to investor flipping. The big thing here is that less than 20% of the land is privately owned with the remainder being Federal or State owned. So everytime there is a big snow blizzard out east or midwest, a California earthquake, more people migrate to our sunny days.
