Top Producers Makes the Process Simple
The following is a checklist of six important items for every Rental Property Owner to know. It’s important for you to register your property, obtain insurance, contact your tax professional and attorney and comply with local pool laws. Of course the real first step if to, well, get started! Fill out the form to the right and we’ll follow up with you immediately. We can even assist with your checklist. Just let us know. We’d be glad to help.
Rental Property Owner Checklist
1. Property Valuation
It’s important to know your home’s value so that the appropriate monthly rental fee is established for you to charge your prospective tenants.
2. Register Your Property
All owners of residential rental properties must register their properties with the county of Maricopa regardless of whether the tenant is a family member. Click here to register your property.
3. Obtain Landlord Insurance
Many Homeowner’s Insurance Companies offer a Landlord Policy, which is different than your standard homeowner’s policy. Click here to contact our agent regarding a Landlord/Umbrella Home Policy.
4. Contact your CPA or Tax Professional
Certain cities in the Phoenix Metropolitan Area require property owners pay a “Sales Tax” on the rental income.
5. Purchase a Home Warranty
A home warranty is a great way to protect your investment and provide the property owner and tenant a piece of mind.
6. Pool Barrier Laws
If you have a rental property with a pool, you must be aware and in compliance with the Phoenix Pool Barrier Laws.