Paramount PMR Blog

Thursday, April 28, 2022

Tax Season Tips for Landlords
Landlords, just like everyone else, are taxpayers. The Internal Revenue Service (IRS) requires landlords to report all their annual rental income when filing tax returns. The IRS defines rental income as any payment a landlord has received for the occupation of their rental property. Rental income includes rent payments and expenses ...

Thursday, April 28, 2022

Should I Rent My House Furnished?
It can be perplexing for property owners to decide whether to furnish their rental homes or not. Sometimes it benefits property owners to offer more services in the form of providing furnished rental units. Transferring bulky furniture and planning the decoration can leave renters stressed, so they may prefer to move into properties ...

Tuesday, March 29, 2022

Hiring a Property Manager vs. Self-Managing: What’s Better?
The success of a real estate investment depends on various factors. However, the most significant factor that impacts how well it performs is the management approach. The main essence of property investment is to earn profit. A novice investor may form the profitability of a rental property as a simple equation: income - (mortgage + ...

Monday, March 28, 2022

Pricing Your Phoenix Home to Rent
Before advertising your Phoenix home to the market at large, setting the rent must be done properly. Rent-setting is not an impulsive task; you need to take the time to analyze certain factors to assign an accurate rent rate. An optimal rent charge will attract potential renters to your Phoenix home, and this assures that steady earn...

Tuesday, March 22, 2022

Best Paint Colors for Your Rental Property
Image Source: Unsplash. Is it time for a new coat of interior paint for your rental property? You may need to update the inside of your home to catch up to current trends, cover scuffs, or touch up repairs after your previous tenants left. Once you decide to repaint your rental property, you need to choose the color, finish, and...

Tuesday, March 1, 2022

Risks of Having a Vacant Rental Property
Having a vacant rental is the fear of every landlord. It signifies several things, including a loss of rental income, an increase in utility costs, and a deviation from set investment goals and objectives. While we have mentioned a few financial risks, there are other potential risks that a vacant rental property is prone to such as damag...

Monday, February 28, 2022

How To Write A Good Property Listing
Success in real estate is measured in the quality of your descriptions. To elaborate, we’re talking about how well you’re able to market your property, be it through photos, video, or an ad copy. This can be quite the challenge considering that a web listing site might have thousands of other property ads in one neighborh...

Monday, January 31, 2022

How to Know if Your Rental Meets Safety Standards
When safety is discussed from a property perspective, landlords often think about how to deter malicious parties from accessing the property. But other potential dangers can hurt your investment in real estate. These dangerous elements can be in the form of fires, electrical issues, and toxic substances on the property.  Safety means...

Monday, January 31, 2022

Best Questions to Ask a Property Manager Before Hiring
Hiring a property management company has a major impact on your Arizona property. They can take your investment returns to another level. However, you want to make sure that you hire a good fit for you! With extensive industry experience, Paramount Management & Realty has compiled a few questions that should serve to help you in ...

Thursday, December 30, 2021

How to Advertise Your Phoenix Rental Property Successfully
Besides renting to difficult tenants, landlords in Phoenix are also wary of one other thing, a vacant unit. This can hurt your bottom line because a vacant property is a money pit. You’ll keep on spending money whereas none will be coming in. While tenant turnover is inevitable in any landlord’s career, it’s managea...

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