All Forum Posts by: Walter Moneypenny

Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control. So, as previously mentioned, the rules can be changed at the developer's whim. Under Declarant Control, which is defined in the CC&R's, the developer is the HOA Board.

@Pete Tarin I see you are in Buckeye, an area that I am very familiar with. As it has been said, you need to go and drive the area and make an assessment for yourself to start with. 
You also need to be in contact with a Realtor who can dig deep into the areas and numbers for you.

For example, Buckeye is a very large geographic city. Its two zip codes are split by Interstate 10. The older section, 85326 is south of I-10 and is very different from the newer area, 85396. And even in those zip codes there is a lot of difference. Verrado and Tartesso are a lot different than Sun City Festival. Similarly in 85326, Sundance is a lot different than Historic Buckeye. Since August 1, the average sale price in 85396 was 544k, while in 85326 it was 398k. 155 sold vs 194, so a decent sample size.

 I would have to get permission from my company to share the lease. My company does handle San Antonio, so they may be able to assist you.  https://www.renterswarehouse.com/contact-us

In addition to educating your tenant, make sure that if it is not already in the lease, then an addendum is done to add something about tenant inflicted damage. Our lease has two specific areas where the Tenants are held responsible for repairs that they cause. Specifically regarding plumbing you could add (depending on your State or Local Laws) "... unless determined by repair person that such blockage occurred during the time Tenant controlled the Premises and due to some fault or negligence of Tenant, specifically excluding blockages caused by roots or backups from the street..."

Hi @Dhaval Desai I would be happy to help. Renters Warehouse manages many properties in the Phoenix metro area. Reach out to me and I can get you more information. 

Section 8 for City of Phoenix:

https://www.phoenix.gov/housing/section-8-resources

 Oh, OK. Running it "full blast" could cause it to freeze up, it happens. Check with your service company. I switched from heat pump to A/C about 7 years ago. 

With this weekend hitting 116 on Saturday and Sunday, the A/C cannot cool to where the tenants want it. Please check out this link from the AZ Court system regarding maximum temps. Basically an A/C unit needs to cool to 82 degrees or 20 degrees cooler than the outside temperature. Obviously, cooling to 96 this weekend would be oppressively hot inside. The unit should be able to get into the 80's. 80 degrees during the day seems comfortable to me. If it gets to 77 or 78, that's a bonus.  

Arizona is one of the lucky states that does not need an attorney for closing. We are a Deed of Trust state and not a mortgage one. Education is the key!

It is going to change the perception of buying a home in my opinion. Not a lot will change in the end, except more paperwork and some confused buyers and sellers. Commission has always been negotiable. The Phoenix Metro area MLS (ARMLS) implemented the new forms as of August 1.