Before you invest in a property, it is good to be prepared. But make sure you are not put off from investing in a Sedona real estate property by false myths, untruths, and scary admonishments that are just wrong. The last thing you want is to get all of your ducks in a row, only to be scared away at the last minute from a potentially long-term, smart, and profitable investment. We are here to help debunk some common misconceptions about investing in rental property in Sedona, AZ and why YOU may benefit from investing in a Sedona home.
You Need to Have Ample Capital
The first myth that we think is a common misconception when it comes to renting a real estate property in your dream location is that you need to have tons of capital and ample savings before you can even begin thinking of renting a home. In fact, that is not the case! Although you need to have some money set aside for a rainy day, the most important thing is finding out how to work with lenders or creditors so you can get started with the process. The majority of property owners who are considering expanding their portfolio require less than a 20% down payment to invest, which can help keep upfront costs low.
We recommend using an investment partner who can help you with the first steps of renting your Sedona vacation home. If you are stuck before you even begin, make sure you contact us to find potential investment homes, necessary financial requirements, and timelines.
It Is Too Risky to Invest in a Property
The second common misconception when it comes to investing in vacation rentals in the Sedona area is that it is too risky for you to invest, especially if you do not have ample capital to spray if something goes wrong. In fact, this is wrong – and good thing it is! The last thing you want is to do a super-risky investment that ends up losing you thousands of dollars in the long run. Instead, investing in a home is a moderate-risk choice that has the same amount of gray area as you would with stocks, bonds, or other types of investments. Instead of investing in stocks, which can fluctuate every month and lose you money, real estate is more consistent.
A Landlord’s Job and Responsibilities Are Too Hard to Take On
Many people are scared away from investing in a rental property because they believe it is too hard to take on the added responsibility, whether that involves time, finances, or effort. Being a landlord is a hard job, but it can be done by delegating to other people after you have your rental property. Working with us is one of the best ways that you can help delegate responsibilities, share the bulk of homework, and avoid having two full-time jobs. Instead, you can use your investment property as a side hustle or second home so you can make extra money. We recommend using us as your property management team to keep everything organized and get you the most return on investment.
You Don’t Have to Wait for the Perfect Time
People often shy away from investing in rental property in Sedona because they want to wait for the ideal time in the real estate market, until they have enough money, and until they find the perfect investor. In fact, it is very rare that you have everything lined up as it should be for the ‘perfect’ storm to occur.
We recommend using us as your property management team so all you have to worry about is putting your faith in the hands of trusted professionals and letting us do the rest. We are familiar with the market and the local area, so we can work within your financial budget to find a home that is suitable for you and your goals.
Use Porter for Your Real Estate Management Team
Are you considering purchasing an investment home in Sedona, AZ? We don’t blame you! There are so many reasons why you should think about moving here part time, renting a property here for your friends or family to use, or using this as a second source of income while you focus on other priorities in your life. Thankfully, Porter can help you with the necessary daily tasks of a rental property so you can still have time for the important things in your day-to-day activities!
Firstly, Porter is a reputable and knowledgeable property management and rental company. We offer properties for guests to rent in many cities and towns around Arizona, such as Sedona, Scottsdale, Tempe, and other desirable locations. Whether you want a home in the desert or a luxurious cabin in the woods, we have it all. If you are looking to invest in a property, our plethora of properties gives you a wide choice so that you can find the house of your dreams with ease. We make it easy, simple, and fast for you to find the property that works for your budget, location needs, and amenity requirements.
Secondly, Porter only uses professional local agents who know the area well. We don’t use online systems or people who have never been to the area to give you advice on where to buy and when to buy. All of our agents are well-versed in the Arizona real estate landscape and can give you great advice on the buying and selling market in Sedona, AZ.
Furthermore, Porter works for YOU! You are our number one priority. Our clients always are at the top of our list when it comes to who we want to deal with and make happy in the long run. If you are interested in renting a small property to use as a second home and investment property, just tell us – and let us do the rest. We take your needs and considerations to heart to make sure you are happy with the final product.
Lastly, we offer hands-on property management services so that you never have to take care of your rental unit all by yourself. Our hands-on staff and local agents are there 24/7 to assist you with anything you may need. We make sure that we offer pristine customer service so that our clients come back year after year to rent a property or get help with listing their investment homes on the market. We promise that we do our best to secure the best return on investment for your house. Contact us today to get started working with Porter to find the home of your dreams in Sedona, AZ!
