Paramount PMR Blog

How to Be a Long-Distance Landlord

By Paramount Management & Realty - Tuesday, May 31, 2022

Many investors like you, find themselves as long-distance landlords. Maybe you’ve relocated and decided to earn some extra bucks by renting your former home instead of selling it. Or you might be a retiree living on the coast but needing some extra money every month. Whatever ...

Better Landscape = Higher Rents & Sale Prices

By Paramount Management & Realty - Tuesday, May 24, 2022

Every property owner or professional maintenance company would love to be able to charge more rent for a property or sell a property for a higher price when the time comes. Would you trade $5 for $10 in return? Some “investments” may cost more than they return to your pocket...

Tax Season Tips for Landlords

By Paramount Management & Realty - Wednesday, April 27, 2022

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 prope...

Should I Rent My House Furnished?

By Paramount Management & Realty - Wednesday, April 27, 2022

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 rente...

Hiring a Property Manager vs. Self-Managing: Whatâs Better?

By Paramount Management & Realty - Monday, March 28, 2022

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 ren...

Pricing Your Phoenix Home to Rent

By Paramount Management & Realty - Sunday, March 27, 2022

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...

Best Paint Colors for Your Rental Property

By Paramount Management & Realty - Monday, March 21, 2022

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...

Risks of Having a Vacant Rental Property

By Paramount Management & Realty - Monday, February 28, 2022

Having a vacant rental is the fear of every landlord, especially if you live far from the property. 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 fe...

How To Write A Good Property Listing

By Paramount Management & Realty - Sunday, February 27, 2022

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 ...

How to Know if Your Rental Meets Safety Standards

By Paramount Management & Realty - Sunday, January 30, 2022

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 issu...