Cornerstone Communities - Property Management designed to provide you with a solid bottom line. We provide advice and operational support for your real estate investments. Whether you have single family homes; or own duplexes, 4-plexes, condos or apartments, we can provide management to meet your needs. We also provide services for Home Owners Associations.
Planning Your Investment
Real Estate investors are finding that the trends are looking good for 2020. Tucson single family homes have shown equity increases totaling 30% over the last five years. Experts expect further increases for 2020 and beyond. Tucson remains an investor’s market as nearly one third of households are rentals. Of these, 44% are single family homes and 48% are apartments. Tucson’s rental rate increases are leading the nation, growing between six and seven percent.
Cornerstone Communities was created to help investors select income properties that will best meet their criteria for building wealth. In the past too many have simply purchased single family homes betting on equity increases without considering the consequences of incomplete market research. Not knowing the market your home is in and the complete costs affecting your NOI in advance can be a disaster. We will listen to your goals and spend the time to research the best real estate investment for you. We specialize in management of small multi-family properties as well as single family homes.
Should I consider Multi-Family Housing?
Many investors don't consider purchasing Multi-Family properties, thinking that they are too complex to manage. Cornerstone Communities can help you with our experience in managing everything from duplex and fourplex properties to small apartment buildings up to 200 units. If you are thinking of purchasing multiple single- family homes, you may want to consider how Multi-Family properties can increase your long - term income.
you want property management you want professionals who will look out for your
investments and put your mind at ease. You will also want to know that your
property is making the most of your hard- earned investment money. That is why
you want to choose a management company that places your profit and peace of
mind first.Cornerstone Communities can
offer the services that you need, and the friendly family atmosphere that you
want. Our management team has over five decades of experience and would like to
put it to work for you.
Property Management Services
for Quality Tenants
and Turn Over
Management and Reporting
Single Family Management
investors have known that keeping Real Estate as an integral part of their
investment portfolio can maximize their returns over the long haul. Real Estate requires management to promote its
continued growth. Cornerstone Communities can be there for you to manage your
investment when you cannot.
Communities will advertise your property for lease and will bring the best
lease terms that are available in the current market conditions. We have found that
tenant management is what really makes the difference between keeping your
investment growing and experiencing a difficult time as a landlord. Cornerstone
Communities believes that finding the best tenant for each property is the best
start, and we fully screen each adult applicant to determine their ability to
meet our qualifications. Our lease is designed to emphasize the tenant’s
responsibilities to maintain the property. We will collect the rents and
disburse to the owner with computerized reporting, or file for evictions when
necessary. When maintenance needs arise - you don’t - Cornerstone Communities
works with your tenant and will arrange for qualified workmen to make repairs
Multi Family Management
Family Community Management - A Better Investment
Family real estate spreads the expenses over a number of units and vacancies do
not usually have the same negative effect that they do with single family homes.
Often overlooked by those desiring to purchase Real Estate,
multi-family properties offer many advantages for a profitable experience. Duplex
and four plex properties often cost no more than a large single-family home and
create income by establishing a cash flow, where most single homes only create
a capital gain when the property is sold. Monthly negative cash flow can
be difficult for the landlord to sustain, especially with repairs and vacancy
losses that add up over an investment period, eroding those capital gains. The
small multi-family community will not only create the cash flow a home won’t,
they withstand vacancy better, and repairs are made more economical by dividing
costs throughout the number of units. Arizona has many investment properties of
this type available; with duplex and four-plex properties being just the
beginning. With communities from ten to fifty units regularly available small capital
investors and investment groups can find properties to add to their portfolios.
When you consider these investment advantages, as well as the increase in
wealth from improvements and appreciation, Multi Family property investments
can be a very wise addition to any families’ portfolio.
Home Owners Association Management
Home Owner’s Associations have a difficult task to accomplish. The Board has a responsibility to follow the written instructions of the CC&R’s and balance adherance to maintaining community standards with the goodwill of the members. Cornerstone Communities steps between the Board members and those who live in the community to negotiate “win - win” solutions. Some members think that the HOA is only there to hassle them and make money. Quality management can help the board to develop a budget that will maintain the community responsibilities and build a strong reserve for future needs. When the members see a clean, functional community they will respect the needs for paying dues, and for the necessity of compliance notices to keep individual properties in their best condition. Cornerstone Communities will work with the budget to find the best vendors to complete the necessary work in the common areas while maximizing each category of works quality.
At Cornerstone Communities we
have seen that whatever happens in the national economy there are many people
who find it difficult to find quality housing. Many have problems recovering
from life’s difficulties and need a helping hand. In Tucson, area rents are
increasing rapidly and the average renter income not keeping up. This is why we
have decided to create our Charitable Housing service. Cornerstone will be
offering aid to renters whether through cash payments or through our low-
income rental program. We are looking for people or businesses that are
interested in making an investment to help those who are needy in our
community. With our upcoming 501 c-3 designation, donations to Cornerstone
Communities can be tax deductible. Any help can be used to improve the
conditions for our neighbors who are going through hard times. The intention of
this program will be to offer rental housing at low to no cost to those that
qualify for assistance. During their stay in a Cornerstone Charitable Home, the
residents will gradually begin to pay rents up to a point that they establish a
positive rental history, recover in their finances and be ready to move on to
traditional housing, whether as renters or buyers. As they move on, the rental
home will available to assist the next qualified participant.