You’ve invested in a rental property, and you’re looking for a worthwhile ROI. You want a rental price that will attract potential tenants, but also ensure you’re getting a fair rate and return on your investment. So, how do you find that sweet spot? Start with Comparative Market Analysis (CMA) In other words, how much …
Continue reading “Choosing the Rental Price for Your Property”
Memorial Day – which is often referred to as the kick-off weekend for summer, has a much richer meaning than family fun. May 1868: General John Logan, decreed May 30 as a national day of commemoration for Americans killed in the civil war. May 1890: By this year, every state of the Union had adopted …
Check out recent rental activity and trends for the Phoenix Metro area for April 2020… Closed Rental Units: 1,618 (2.08% increase year over year) Median Lease Rate: $1,600 (6.67% increase year over year) Average Lease Rate: $1,751 (2.94% increase year over year) Average Days on Market: 24 (4.5% increase year over year)
The 2020 Pandemic is leaving a big footprint on short term vacation rentals. Not only are open weeks remaining open, but booked weeks also have been canceled. Thanks to some extenuating circumstance guidelines, many cancellations have been penalty-free for the renter. Unfortunately for the landlords, there aren’t any breaks on mortgage payments, insurance, utilities, etc. …
Continue reading “Should I Switch My Vacation Rental to Long-Term Rental?”
Trying to decide on whether to rent out your property as a long-term rental or vacation rental? Here’s a quick tale to illustrate the two options… Jack and Emma were colleagues and worked out at the same gym. When Emma decided to invest in real estate in the fall of 2015, Jack followed suit. Jack …
Continue reading “Long Term Rental or Vacation Rental – Which is Better?”
Check out recent rental activity and trends for the Phoenix Metro area for March 2020… Closed Rental Units: 1,783 (0.056% decrease year over year) Median Lease Rate: $1,600 (7.02% increase year over year) Average Lease Rate: $1,759 (7.32% increase year over year) Average Days on Market: 26 (13.04% increase year over year)
“Character cannot be developed in ease and quiet. Only through experiences of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved.” – Helen Keller, who lost her sight and hearing as a toddler, yet went on to become a defender and promoter of women’s rights, and an inspiration …
The first week of stay-at-home, it was an unexpected vacation; but now it’s a real challenge. Before crazy sets in, try being creative. There are a lot of options to make this a time that you look back and smile at the memories. It might even be the catalyst that sparks long-term changes in your …
Continue reading “Surviving and Thriving While We Stay at Home”
Yes, life can be downright scary these days, but don’t let the pandemic turn into pandemonium. Staying calm and informed, using common sense, and remaining connected to others despite social distancing will make a difference. Here are some tips to help you accomplish just that with your tenants, Staying Calm and Informed Defeat fear with …
Investing in home rentals has proven to be a well-chosen source of passive income. With that rent check, however, also comes responsibilities. Add them to a schedule already filled with your day job, civic commitments, and time with family and friends, and life can get hectic. Learning to manage your time well is no longer …
