Real Estate

I have had all manner of tenants in the past, good and bad. With experience, I have developed a successful application process that helps me to find the best possible tenants. After the successful first phone call, now it is time to schedule the showing.

The real estate market fluctuates with the seasons, and the lead up to summer — a popular time to move — is usually busy. This year June was the prize-winner with exceptionally strong sales. Mike Orr, director of the Center for Real Estate Theory and Practice in the W. P. Carey School of Business, reports that single family sales in June rose 9 percent over May, and were 22 percent higher than a year ago.

As entrepreneurs and small business owners, it’s not what you think that matters, it’s what others think. In a sense, every day is “election day” for your business, because when customers buy or use your product or service it’s as if they were voting for you. So how do attract votes?

Plans to open the David and Gladys Wright House in the Phoenix neighborhood of Arcadia as a museum have spurred debate. Professor of Real Estate Mark Stapp comments on the significance of the property, designed by architect Frank Lloyd Wright, and its importance in establishing Phoenix as a city with interesting neighborhoods -- in short, a city where talented people and successful businesses might want to locate.

Finding good tenants starts with the first call from a prospective renter.