Blog

Here is an at a glance list of meeting dates for the year. We are looking forward to another really great year for the West Valley Chapter!! 

Membership Meetings are held at WEMAR at 9 am. 

• ^1/24
• ^2/21
• ^3/28
• ^4/25
• ^5/23
• ^6/27
• ^7/25
• ^8/22
• ^9/26
• ^10/24
• ^11/28
• ^{12.26 (Tentative - Stay tuned!!)}

Board Meetings - If you would like to volunteer to be on our board of directors or serve on a committee, please email president@w...

Contributed by: Richard Hart EA, CAA & President of Hart & Associates

1. WHAT IS FIRPTA?
   United States tax law requires that all persons, whether foreign or domestic, pay income tax on the disposition of U.S. real property interests. Domestic persons or entities typically are subject to this tax as part of their regular income tax; however, the U.S. needed a way to collect taxes from foreign persons...

12/9/16 Update:

The Arizona Department of Revenue just released their TPT fill-able license application (with instructions at the end) available for taxpayers who only have Residential Rental business activity to report.

https://azdor.gov/Portals/0/ADOR-forms/11100/11186_f.pdf

We are excited to announce the following members have been voted in to serve the West Valley NARPM Chapter for the 2017 calendar year! 

President – Mike Sargant

Past President – Jeff Hockett

Vice President – Alicia Weaver

Secretary – Kirsten Shafer

Treasurer – Mike Sargeant

Membership Chair – Lou Osborn/ Mike Stout

Marketing Chair – Heather Nicely

Social Chair – Kelly Kordick

Leg...

PHOENIX - Businesses filing and paying transaction privilege tax (TPT) in Arizona have new procedures to follow beginning July 1, 2016, according to the Arizona Department of Revenue.

Required by law, the new procedures are aimed at simplifying how businesses report and pay TPT and by the end of 2016 will help to establish the department as a single point of contact for all TPT transactions in t...

AAR’s Professional & Business Development unanimously passed the CRPM Taskforce recommendation extending the amount of time to obtain the Certified Residential Property Manager certification to 3 years (from 2) and making the PM Bootcamp (either the Basic or Advanced) a required course rather than an elective. The information will soon be updated on AAR’s informational page.

Wanting to know ...

“What happened this year at the Legislature”

The biggest win that affects property managers/homeowners is the signing of SB1350 (also known as the AirBNB/Vacation Rental bill.)  This law is a major win for homeowners giving them the right to lease their homes for shorter periods of time.  HOAs can still restrict (through the CCRs) minimum time-frames for leasing.