Self Manage Rental in Tucson AZ
Good Morning BPers
I have had a rental property under management for about 10 years now, because I’ve lived out of town. I am now back in town and am thinking about self managing but here are some things I am unsure about and could use some advice:
1. We’ve had the same tenant in there for 4 years and their lease is coming up and they have recently had trouble paying on time and are worried that we may have to find another one. We are going to increase the rent more than usual but it will still be about $100 under market value. To help this we are going to update the kitchen and put time in the bedrooms that have old carpet (thinks we wanted to do anyway)
2. I am not sure how to transition from the management company to the new management company (me) and make it as seem less as possible if the tenant decides to stay.
3. Any tools you recommend I have/ need from the very start if I decide to go this route?
Thanks,