Bobbie Morgenstern Real Estate

Residential Property Management & Real Estate Sales

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We routinely handle purchases and sales of residences and investment properties of up to 30 units.

Property Management and Assisting first time buyers are our specialties.

REGARDING PROPERTY MANAGEMENT             

Thank you for your interest in working together.  We got started in property management when we bought apartments in Scottsdale about 25 years ago.  We manage other people's properties as if they were our own and we are a bi-lingual mother-daughter brokerage team, with a few other agents working with us.  Please call and would be happy to answer any questions.

We are based in Scottsdale and we manage approximately 250 units now:  single family homes, condos and multi-family apartments.  One of our strengths is our extremely low vacancy rates.  We believe in personal contact with tenants and owners.  Tenants are given our cell numbers and we answer our phones seven days a week!   Tenants and owners appreciate our staying in touch.  We do our own leasing and screen prospective tenants.  Tenants are given a repair request form each month along with an envelope to mail the rent.  This alerts us to the need for repairs and gives us a chance to resolve maintenance issues promptly, before problems become more serious. 

We don't make money unless you make money!  Our management fee is a percentage of the rent collected and we charge a leasing fee for new tenants.  There are two points of interest regarding our rates and your bottom line.  First, is that we do not charge for lease renewals. So although you may have tenants that stay for several years, working with us you will never pay additional leasing fees.  Although it is not required, when a tenant moves out without fulfilling their lease our general practice is to replace the tenant and pro-rate the leasing fee for the replacement tenant.  Second, is our leasing success.  We do our own leasing instead of outsourcing it or trying to rely on on-site managers who do not have the sales or language skills required.  For most owners, a month's rent on one occupied unit more than makes up for a couple of percentage points in management fees!

We don't mark up any repair bills.  We have a few repairmen who work for us frequently and their charges are lower than contractor rates.  You pay exactly what they charge. When repairs are serious and require licensed contractors, we get quotes and call you with the information so you can make an informed decision about your property.

Please ask and we'd be happy to furnish references.

We look forward to speaking with you in more detail!  Thank you for considering us for your property management needs.


Bobbie (602) 920-6863     Pam (602) 361-7058