by kramoltz@hotmail.com | Dec 18, 2018 | Home Ownership, Renters and Renting
The net worth of a homeowner is on average over 44 times greater than that of a renter. One way to look at it is that home ownership works as a form of forced savings. Every time home owners pay their mortgage, they are contributing to their net worth by increasing...
by kramoltz@hotmail.com | Nov 26, 2018 | Home Ownership, Renters and Renting
Arizona law states that a member of a HOA may use the member’s property as a rental property unless prohibited in the CC&Rs per A.R.S. §33-1806.01. Accordingly, unless the CC&Rs expressly restrict “vacation rentals,” “transient lodging” or “short-term...
by kramoltz@hotmail.com | Nov 8, 2018 | Renters and Renting
The metro Phoenix area has the nation’s second-fastest growing apartment rental rates. Some renters may pay hundreds of dollars in higher rent over the next year, according to a new report from RentCafe. From September 2017 to September this year Phoenix had the...
by kramoltz@hotmail.com | Oct 16, 2018 | Home Buying, Renters and Renting
The latest Rent vs. Buy Report from Trulia shows that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. This includes Phoenix, which is in the top 10 in size. These numbers...
by kramoltz@hotmail.com | Aug 29, 2018 | Renters and Renting
Recent changes have been made to Arizona’s residential Landlord-Tenant Act which are generally favorable to landlords. They include changing the period of time a landlord has to hold abandoned personal property before those items can be sold or disposed of. The...
by kramoltz@hotmail.com | Nov 6, 2017 | Renters and Renting
Renters insurance protects furniture, clothes and a tenant’s personal property. Instead of potentially having to re-buy the entire contents of your rental home, you could be insured for as low as $20 a month, or less than $250 per year. Coverage includes losses...
