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Ph 480-535-5709

Fax 480-785-4930

Txt 480-878-7715

 600 E Baseline Rd. 

Ste B-3 Tempe, AZ 85283

AZ Insurance Team is an Arizona Insurance Broker offering Home insurance, Auto insurance, Life insurance, and Commercial Insurance in Tempe, Phoenix, Chandler, Gilbert, Mesa, Scottsdale, Ahwatukee, Glendale, and everywhere else in Arizona. We also do insurance in California, Oregon, Washington, Colorado and Texas.

© 2017 by AZ Insurance Team LLC all rights reserved

September 27, 2019

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Featured Posts

5 Ways to Increase the Value of Your Rental Proper

January 15, 2019

 

If you own a rental home, you may have the opportunity to add value to your property without much work and few expenses. Here are 5 ways to increase the value of your rental property over time.

 

Subdivide Units

Consider splitting your rental property in to 2 or more units so that they will be easier to rent. The monthly cost per tenant will be much lower and your gross scheduled income will increase.

 

Increase the Rentable Square Footage

If your property features a common area, you may want to add the space directly to one of the units to increase the square footage of personal area. This will allow you to raise your total rent income.

 

Give Expenses to Tenants

Since gas, water, and electricity bills all vary from tenant to tenant, consider having your tenants to pay for these expenses themselves, or at least a portion of the bill. Sub meter your building to allocate expenses to your tenants fairly.

 

Improve and Make Repairs to Your Property

Giving your property a paint job or replacing old appliances could revitalize an outdated home. Consider the expense an investment that will help you increase rent prices.

 

Charge for Added Amenities

Look for additional sources of income for things such as premium parking or furnished rentals to make some extra money off your rental property.

 

Have questions?

Give us a call!

AZ Insurance Team

(480) 535-5709

 

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