How to Apply for a Property with AXIS Property Advisors.

Looking for a detailed explanation of our application process? If so, read on.

If you are interested in applying for one of our properties for rent, the first step is to reach out to our office to confirm availability of the property, making sure we haven’t already approved an application for it. We can be reached at 602-614-5590. If you have yet to see the property, please also let us know and we’d be happy to give you a tour of the property.

To fill out the application, please visit this link: https://axisrents.com/residents-rentals/apply-with-axis/

After the primary applicant fills out their portion, they will then be asked to invite any other roommates or co-signers to apply by providing their email address. Applications are not submitted until all application fees have been paid.

Next, we need your supporting documentation sent to mgmt@axisrents.com. Please send copies of all applicants’ driver’s licenses (front and back), and 2 months of proof of income (paycheck stubs, bank statements, w-2, or tax returns), and a completed Lease Offer Form (your agent can provide this, or call our office). To see a detailed breakdown of our rental guidelines, follow this link: https://axisrents.com/wp-content/uploads/2022/04/AXIS-Rental-Guidelines.docx.pdf

Once we receive all information to complete your file, we will run the application to begin the credit screening and background check process. Applications are then submitted for review with the owner. Our standard is to process applications within 24-48 hours depending on how soon we receive all required documentation.

Rent or Buy? Things to Consider If You're Home-Hunting

Home ownership is a wonderful milestone hopefully everyone will get to enjoy in their lifetime. But is it always as magical and rewarding as many often make it out to be?

As home and rent prices both took a competitive leap upward during this COVID-19 pandemic and many raced to secure their first home, several are feeling a sense of buyer's remorse in their first home purchase. According to a poll conducted by Bankrate.com in April 2021, about 64% of people between the ages of 25-40 surveyed say they have at least 1 (or more) regrets about their first home purchase. Some of these regrets include feeling their maintenance costs or mortgage payments are too high, feeling they've overpaid, the house is too big or small, or they've purchased in a bad location. In fact, many even went as far as waiving inspections and offering above asking price to help them secure a home.

When thinking about buying a house, here are some factors that may be important to consider:

• You have steady, verifiable income, whether from a stable job or self employment. If you have any concerns or doubts about your current place of employment or income and are considering job hunting, it may not be the right time to purchase a home.

• You have sufficient money saved. On top of having money for a down payment, you will also want to be prepared for inspection costs, closing costs, property taxes, and possibly some unexpected maintenance costs or appliance replacements.

• You're planning on staying in the same place for a few years. Remember, the housing market is cyclical--prices don't always go up. If you were to rush into selling a home shortly after buying it, you may not always make a profit. It may help to plan to stay in a home for at least 7-10 years, giving you the chance to build more equity into the property.

• You have low levels of debt and good credit. With bad credit and higher debt, it may make it more difficult to get approved for a home loan, subsequently making you less strong of a buyer in a competitive market.

Whether you're buying, renting, selling, or need your property managed, the experts here at AXIS Property Advisors can help you make smart decisions. Give us a call today at (602) 614-5590 for all your real estate needs.

One of Our Vendors is Hiring!

The AXIS family is made up of our valued tenants, clients, owners and vendors. Whenever possible we, we try to help. 

One of our closely partnered vendors, A-Agents Pest Control, is looking to fill a position. If you you, a friend, or family member are looking for an opportunity like this, please pass this along. Be sure to let them know where you found the opportunity.

Company: A-Agents Pest Control

Position: Pest Control Technician

Summary:
We are looking for a dependable, self-motivated candidate who wants a challenging and rewarding position. Work week typically runs 30-40 hrs per week with the opportunity for overtime. No experience necessary--we want someone who wants to learn and is gratified by helping our customers.

Job duties include (but not limited to):
Perform pest control duties with an understanding of Integrated Pest Management, Fulfill daily routes (valley-wide), Communicate effectively with customers, Complete paperwork cleanly and timely on a daily basis, Scaling ladders on regular basis, Mixing and applying chemical per manufacturer label instructions, Following all laws and regulations.

Benefits include:
Company vehicle, Company smart phone, Company-matched 401k, 40 hours paid vacation, Opportunity to grow with our company in a fun, happy environment, Sick pay, Paid training, and more.

Requirements:
Must be at least 18 years of age, Must be detailed and observant, Must be able to follow safety directions and procedures, Must pass background check, Must pass drug screening, Must present a clean driving record, Must present a neat, clean, professional appearance, Must possess excellent communication skills, Must have outstanding customer service abilities, Must be a problem solver, Must be a punctual, Must possess a positive attitude, Must be able to work in summer heat with a smile, Must be flexible and good with change in a growing company, Must work well with others, Must be a self-starting early riser, Must possess a great work ethic.

Visit their site: To learn more about the company, visit their site at: https://www.a-agents.com/company/

To Apply: visit https://www.a-agents.com/careers/

Closing Costs Explained

In every real estate transaction, both buyers and sellers are responsible for certain costs. These costs are simply the various fees (e.g. taxes, commissions) paid in the process of finalizing the closing on a home. Below is a list of costs, along with explanations for each.

LIST OF COSTS:

Appraisal Fee: Fee paid to an independent appraiser.

Credit Report Fee: One-time fee to cover the cost of the credit report.

Document Preparation Fee: There may be a separate fee covering the preparation of the final legal papers.

Homeowner’s Fee: Upfront deposit or dues, fees to transfer records from seller to buyer (Transfer Fee).

Loan Discount: One-time fee to adjust the yield on the loan (often called POINTS).

Loan Origination Fee: One-time fee charged by the lender for their administrative costs.

Miscellaneous Title Charges: Title company fees for title search, title examination, document preparation, recording fees, notary fees, and closing or settlement.

PMI Premium: Depending on your down payment, there may be an upfront fee for mortgage insurance. Lenders also may require monies to be held by them in a reserve account.

Prepaid Interest: Per diem charge that varies depending on the day of the month the loan closes.

Taxes: Depending on the month the property closes; the buyer may reimburse the seller for property taxes.

Hazard Insurance: Insurance premium paid upfront; lender may require a certain amount of taxes and insurance in a reserve account. This account is held by the lender.

There are some costs that may be incurred before the closing date. For example, the buyers will pay for a credit check for the lender to determine their loan amount qualification. Additionally, an appraisal of the property must be done to determine its fair value. This appraisal fee may be paid by either buyers or the sellers as agreed upon in the sales contract. (If buying new construction, there may be an inspection fee.) There are also fees related to a title search on the property, and some buyers might decide to pay “points” to a lender at closing in exchange for a reduced interest rate.

Three days prior to the closing date, the lender sends a closing disclosure. This document provides the final details about the loan and the closing costs. At the closing, real estate professionals will help to navigate the final steps and explain all the closing costs that must be paid. The actual closing costs relevant to a transaction may vary depending on the mortgage loan type and contract agreement; however, they often include most, if not all, of the items discussed below.

Sellers Typically Pay:

– Owner’s title insurance premiums, the real estate commission, and 1/2 the escrow fee.
– All loans along with any interest, fees, or penalties.
– Loan fees required by the buyers’ lender according to the contract.
– Termite repairs or treatment, a home warranty, 1/2 the recording service fees according to the contract.
– Any judgments or tax liens.
– Tax proration for unpaid and delinquent taxes.
– All homeowner’s association unpaid dues and fees per the HOA addendum (if applicable).
– Any outstanding bonds or assessments according to the contract.

Buyers Generally Pay:

– Lender’s title policy premiums and 1/2 the escrow fee.
– Costs for document preparation, notary fees, and 1/2 the recording service fees.
– Two months of the homeowner’s association dues upfront if applicable.
– HOA transfer fee (might be split with the sellers – if applicable)
– New loan charges except as required by the lender for the sellers to pay.
– Interest on new loan from date of funding to 30 days prior to the first payment date.
– Home warranty, hazard insurance premium for the first year, all pre-paid interest, and a termite inspection according to the contract.

Why are People Moving to the North Central Corridor?

The history of the North Central Phoenix Corridor starts with the establishment of the Central Avenue area when William J. Murphy platted Orangewood Subdivision back in 1895. This is a 2 sqm area bounded by what they are known today as North Avenue and Bethany Road, just between 7th Avenue and 7th Street.

Murphy’s Concept

Murphy wanted to create a suburb wherein rural homes are built in close proximity to the city. He was convinced that a lot of people will be encouraged to live in Phoenix if they found out about Orangewood Subdivision. His target market were wealthy immigrants and investors to build their own large estate homes surrounded by citrus groves.

The subdivision was divided into 20-acre size lots, the Central Avenue extended through the property, becoming the subdivisions main roadway. Ash and olive trees were lined along both sides of Central Avenue, and true to the goal of Murphy, citrus trees coming from Southern California were planted around the subdivision to make it more appealing to prospective homeowners and investors.

Why are people moving to the North Central Corridor today? Simple, today, North Central Corridor is seen as an extremely desirable neighborhood, stretching from Camelback Avenue on its south to the Northern Avenue on the north.

It is near downtown Phoenix and the historic Murphy’s Bridle Path, which is a well-maintained path which was created in the late 1800s. Murphy’s Bridle Path stretches from Bethany Home Road up to the Arizona Canal, spanning 2 ½ miles. It is a pedestrian and biking trail about 10 feet wide, lined with olive and ash trees. It has become a popular landmark and recreational park for more than 100 years.

North Central Corridor has big ranch-style houses with deeply irrigated lots which are made even more beautiful by lush, grassy yards. There are homes, though, that feature more modern styles now.

The Neighborhood

The residents are wealthy and established business professionals with busy families. This is considered as a friendly neighborhood. Most of the residents enjoy their weekend stroll and ride along Murphy’s Bridle Path.

First time visitors will be treated to a view of cookie-cutter homes with urban-style of living.

A lot of the historic homes have been renovated and completely updated suited for today’s lifestyle. Many of them now have more than five bedrooms, including huge estate yards. Another appealing feature of this elegant neighborhood are a lot of cul-de-sacs conveniently hidden from the hustle and bustle of busy traffic; these are ideal for families with young kids.

Potential homeowners are particularly attracted by the mere 10-minute commute into downtown Phoenix. Public transportation is not an easy because there are buses plying the route and the Valley Metro Light Rail.

North Central Corridor is also in close proximity to the Phoenix Sky Harbor International Airport.

So, why are people moving to the North Central Corridor? There are a lot of things, aside from the rich cultural history of the neighborhood. It is a safe neighborhood, ideal for families with children. Popular restaurants, coffee shops, bakeries, and pubs are nearby, like Postino Central, Federal Pizza, Joyride, Lux Central, Maizie’s Café & Bistro, and Rosie McCaffrey’s Irish Pub.

Get to Know the Biltmore Area

The Biltmore area is known as an upscale neighborhood and financial district located in central Northeast Phoenix, Arizona. It is the most acclaimed neighborhood in the location mainly because of its location. Get to know the Biltmore area in this article.

The Biltmore is at the intersection of 24th and 32nd streets, north of Camelback Road. This neighborhood is considered as one of the city’s most coveted residential areas. It is place where pristine homes measure up with the bustling shopping center, the prestigious Biltmore Hotel, and two 18-hole championship golf courses.

The Biltmore area is the kind of place people from all over the world would see as a vacation destination but imagine yourself calling it your home sweet home.  

Residential Area

The New York Times calls the Biltmore neighborhood as the “elegant desert t dwelling with a Midwest touch”. It is probably the most accurate description as Biltmore is actually located in the desert, and it exudes a Midwestern charm.

The Biltmore neighborhood is teeming with green grass and laden with mature shade trees. Other attractive aesthetics include bubbling fountains, rose gardens, palms, and features some of the most gorgeous homes in the valley.

It is not lacking in a colorful history either. In the middle of the residential area is the beautiful Arizona Biltmore, a castle-like hotel and resort which was built by Albert Chase McArthur, a student of Frank Lloyd Write. It was opened in 1929. Guests included presidents of the United States, even the Reagans had their honeymoon in this world-famous resort.

The prices of the homes are quite high, depending on what one is buying and its location. For instance, a one-bedroom condominium unit may fetch up to $100,000, while a grandiose home can reach up to a whopping $10 million. Most of the homes are in gated communities or some could be holed up behind stately fences.

Schools

Biltmore is home to some of the best schools. For instance, Biltmore Preparatory Academy offers the internationally recognized, Dual Language Immersion program.

Shopping and Entertainment

While Biltmore seems to be secluded from the busy streets of the city, the neighborhood is actually close to just about everything. Travelers consider this as one of the best starting points in the whole city.

It boasts of the Biltmore Fashion Park and Shopping Plaza. It is a big open-air shopping destination. Just close by are the Camelback Esplanade, the Town & Country shopping area, and the Camelback East Village Shops. Aside from these beautiful places, there are still a lot of shops to go to. There ever a lot of grocery stores.

All these are within a five to 10-minute drive around the neighborhood. The Biltmore area is also recognized for its 20-minute proximity to everything important in the city. The airport is a mere 20-minute drive. The busy downtown only a 20-minute ride, same goes for the Old Town, Midtown, Mill Avenue, Dreamy Draw, Camelback Mountain, and Arcadia.

Whether you are craving for food, or visit art galleries, or shop all day, the Biltmore area has got all for you.

How to Choose a Company to Sell Your Home

Selling your home can be quite stressful and a complicated process so most sellers would rather choose to list their property with a real estate agent. For first-time sellers, this is your guide on how to choose a company to sell your house.

Begin with your own market research:

1. Scout the local housing market.

Drive around your neighborhood and check out repeat agent names on real estate signs. It would be an added bonus if there is a “sold” sign to these.

2. Go to open house events.

Look out for nearby open house events and see for yourself how real estate agents engage with potential buyers. Take time to talk to the agents. You might be able to get a glimpse of their personality and their character.

Make a comparison of different real estate agents in terms of ratings, references, and reviews:

3. Research online.

You’ll find a lot of information online. Perform a quick research on real estate agents you have identified. Check out reviews. Read previous customers’ comments and feedback.

4. If you can get a referral, the better.

Ask friends and family for personal referrals. Ask them of their experiences with particular real estate agents.

Interview different real estate agents:

5. Meet with at least three or four agents.

Remember to not settle on the first real estate agent you meet. You would need to have more than one possible agents on your list. This way you can compare rates, customer satisfaction ratings, and availability. It’s always good to work with professionals who have ample experience in real estate.

6. Make sure to prepare some questions prior to talking with the real estate agent.

Ask probing questions like:

- Have you been in real estate for long?
- How many active clients do you handle at a time?
- Do you have a team?
- What is your company’s expertise?
- How will you market my home? How do you find the right buyers who will take good care of your property.
- What do you propose as selling point for my property?

Early on, you should set clear expectations when looking for a real estate agent:

7. Make sure you are clear with your communication preferences.

One of the most common issues from clients is about the lack of open communication. Talk about how you want to be on the loop on the progress of looking for buyers. Discuss how often you’d expect to give feedback. You have to establish early on if you’ll maintain correspondence via email or phone calls.

8. Make sure your motivation to sell is clear.

It is important to have a specific requirements. Do you have a strict timeline? Do you have a requirement on a specific bottom dollar? You have to communicate with the agents all the particulars.

9. Talk about, analyze, and review selling strategies.

You’ll also have to ensure that you and your real estate agent are on the same page about how to go about with the selling.

10. Talk about and agree on all the important details.

Expectations should be clearly understood by both parties. Make sure to put in writing all of the specifics.

Commercial Property Management

Owning and operating a commercial property is time consuming and most property owners don’t have the luxury of time. Property owners who cannot allot a lot of time and effort to manage their properties usually hire a commercial property management firm to help them with most of the tasks.

Aside from the property manager, they have in their team several other individuals, like the assistant manager, the administrator, accountant or accounting team, and the maintenance engineers.

The manager will handle concerns about tenant relations, contract services, lease compliance, and forecasting. The assistant manager will handle daily tenant relations, accounts payable and receivable, and monthly tenant bill backs. The administrator will be dealing with work order management, financial reports, service contracts, and event planning. The accounting team will work on full-cycle accounting, financial reports, and vendor inquiries. The engineers are in charge of all concerns regard property maintenance.

A commercial property management firm takes care of non-residential properties, such as retail spaces, industrial buildings, storage facilities, and shopping centers. Commercial management includes responsibilities of operating an income-producing property.

Commercial Property Management Services

Getting the services of a property management company adds value to your business by saving you time and money. Their tasks include advertising, marketing, and all the other leasing processes. Compared to residential leases, commercial leases are generally longer with built-in renewals and rent escalations.

How is commercial property management different from residential property management? Here are their major differences:

Leases

For a residential property, the lease is generally brief, quite standardized, and easy to renew. However, with commercial tenants, lease is complex and may have different extension options. The commercial property manager would know how to go about with negotiations, they know when to increase the rental amount and what the appropriate amount will be (annual and monthly basis). They are tasked to help tenants if they wish to end the contract earlier than what was initially agreed on. The commercial property managers should be aware of the termination clauses in the contract.

Payments

Tenants of residential properties pay the rent and utilities. On the other hand, commercial property tenants will have to pay for property tax, maintenance, and insurance. The manager can present different payment options. Depending on the type of lease, tenants have the option to pay for some of the expenses.

Availability

Residential property managers can simply visit the properties even for shorter periods, and often, the schedule is planned.

Tools and software

Commercial property managers have the tools and software they need. These tools make property management easier.

Why you should get a commercial property manager?

You need professional help

Landlords often have the most difficult jobs but are lease recognized. As property-owner, you need to make sure that you promptly deal with repairs and maintenance, collect rent, and resolve different tenant complaints.

Leave it to the professionals

If you have more than one unit to manage, it would be quite difficult because you’ll have to deal with every issue that may arise. This is where a commercial property manager would be able to lend their expertise.

Your goal is for your properties to earn profits for you, hence, you’ll need a reputable commercial property management company to help you achieve that goal.

Residential Property Management

Getting the services of a residential property management company will be a big help to any landlord. Most property owners have jobs or other important things to attend to, that it would be quite difficult to devote all of their time to their rental properties.

A residential property management service will be handling everything that concerns your rental property, like finding tenants, dealing with maintenance, and collecting rent, among others.

Listed below are some of the benefits of hiring professionals to help you with your properties.

Guaranteed high-quality tenants

A property management company will help in the tenant screening process. A reputable property management company has an efficient and verified screening process in place that can select tenants who will rent long-term, can pay rent on time, who will take proper care of the property, and who will cause fewer problems.

As landlord, you don’t have to deal with bad tenants, scams, and lawsuits.

You have fewer legal problems

Long-time landlords know that a single bad tenant can cause a huge deal of financial and legal problems. A reputable property management firm will be knowledgeable and able to protect you from potential lawsuits and other vulnerabilities.

Shorter periods of downtime

Having an experienced property manager can help you prevent your properties from being vacant for long. They can help prepare your properties for rent, like identify what areas that need improvements so you can maximize revenue.

They will also help you establish the optimal rent rate. If rent is too high, it will be hard to attract tenants, but it’s too low, you’ll be losing money instead of profiting from your property.

Ensure long-term tenants

If you fail to get long-term tenants, you’ll have to deal with a number of issues like lost rent; needing to clean the property; constantly change locks, repaint walls, make small repairs, etc.; and go through tenant screening properties most of the time. These things are quite expensive and can be prevented when you have a good residential property manager.

Rent collection becomes more efficient

Collecting rent and late fess are an integral part of property management. To make sure that you have a steady and reliable cash flow, collection should be made monthly, and your tenants should be able to understand that.

You also don’t need to concern yourself too much on evictions. A property manager will be able to handle this well.

Lower costs of repair and maintenance

Your tenants would appreciate it if you offer excellent maintenance. Doing so also preserves the value of your assets. A property manager allows you to have access to professional maintenance and whole new network of licensed contractors. This helps save you a lot of money as opposed to looking for people to hire from the yellow pages.

Increase the value of your property

Prompt identification and repair of any maintenance issues lets you avoid more expensive problems. An experienced property manager will tell you that you can increase and maintain your rental property’s value by conducting preventive maintenance. This will entail regular maintenance checks, a maintenance schedule, and documentation.

A residential property management firm allows you to manage your rental properties without taking too much of your time.