FAQ - Go Rent Today
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Can you still manage my property if I did not finance through AMSI or purchase through CRS?
Yes. |
What price range do you manage?
We are looking to procure financially stable residents so we look for rental homes suitable for that market; we will consider all investments and our team of experts will assess fair market value based upon the competition. |
What locations do you manage?
Our investors currently own assets in Maricopa, Casa Grande, Coolidge, Queen Creek, and Buckeye. We will consider locations throughout the Phoenix and outlying areas based upon the market demands and the condition of the property. |
How quickly can you lease my rental property?
We can never say definitively how long it will take to lease your rental home. There are far too many variables in leasing contingent on current market conditions. We will be aggressive in competitive pricing and diligent in our marketing efforts to ensure that we lease your property in the shortest time possible. |
How much will my rental property rent for?
Often real estate investors will want to set rents based on how much they need to cover their debt service; we will try to cover your expenditures with income from a rental, but this is not always possible. We choose pricing based upon the demands of the current rental market in the sub-division your asset is located. |
What is the Phoenix rental market like in 2008?
The market in the Phoenix area has proven patchy in 2007; in the fourth quarter vacancy went from an average of 6% in 2006 to 10% in 2007. This is why we recommend investment that are on the “outskirts” of Phoenix; 2008 is a buyer’s market and investment properties in these outlying areas will give you much more house for the money. Because your debt service is lower, it is more likely for us to procure a lease that will off-set your monthly expenses. Real data is predicting the market to remain in this pattern for the next 2 to 5 years. Given the current market conditions, it has never been a better time to invest, rent your property and sell for a profit! |
What steps do you take to lease my rental home property?
GoRentToday takes proven marketing techniques and aggressively markets your asset; we advertise through every medium possibly inclusive of newspaper ads, internet ads, and signage. |
What are your rental home property management fees?
Our standard monthly management fee for a single family rental home is ONLY $75 per month. We charge only one leasing fee per property per calendar year and that is a flat fee of $200, one advertising fee per property calendar year of $150. For the initial 1 year property management agreement, we charge only $150 for a property set up fee. If you have more than 5 properties in your portfolio, this $150 is waived for each additional property. This is only $500 to list your asset with us! There are no percentages and no hidden fees. If your property is a new build, there are no additional fees required in a repair reserve; if your property has fallen out of builder’s warranty, there is a $400 repair reserve required. |
When will I receive my rental funds?
You will receive your income by the 15th of each month when rent is paid on time. We will also send you a monthly statement detailing your account activity. Details on statements and when we cycle checks are also spelled out in the property management agreement. |
What if an occupant causes damage to my property?
With our screening program, the chances of this happening are slim. As we market quality rental properties, we attract stable tenants. With that kind of tenant, malicious damage is rarely a problem. Our lease-purchase arrangements create buyers instead of tenants. As a result, they tend to take better care of the rental home property. In the event a tenant does damage to the property, we get the house back in rent ready condition as quickly as possible and re-leased. Once we are clear about the cost of the damage we obtain judgments, filing complaints if appropriate, and even collecting on the judgment. We also require substantial security deposits from our residents making this collection process easier. |
What if a resident needs to be evicted?
Although a rare occurrence, we will handle the process for you through our legal resources. Arizona revised statute provides the framework that must be used to go through an eviction in the shortest time possible. This is one of the most common areas where real estate investors get in trouble by trying to “save money”. Great property management doesn't cost money, it pays, and in this case, not understanding the resident’s rights can cost a small fortune. We retain the resident whenever possible, evict if we can't keep them current, and get the house vacant and rent ready as fast as the law allows. |
Do you get my approval before doing any maintenance work?
Your agreement will outline the parameters for maintenance approvals. When the cost of a repair is expected to exceed the stated limit, you will be contacted for your pre-approval. |
