Phoenix has always been a dominant location in the vacation and resort game. The area is a beautiful beacon of the Southwest with amazingly temperate winters and beautiful springs that attract millions of people a year to this amazing diamond in the desert. Previously, the only people who could benefit from this thriving vacation destination were the big companies and resorts, but with vacation rentals, you can get a part of the action. This undertaking can be an intimidating process, but we strive to simplify the buying experience to provide you with the best Phoenix investment real estate you can get your hands on. Here is how we at Porter run our investment real estate program.
Experts in the Vacation Rental and Real Estate Market
In order to properly help you find the best investment property for you, we operate on a simple and effective premise: Be an expert in the local real estate market. Porter’s team includes certified vacation rental and Phoenix real estate experts who know the neighborhood your home is in. They stay up to date on the home values there, local market trends, and other information that relates to the running and leasing of your property. Knowing when the bus stop nearby is most active, or when the dismissal bell at the neighboring school rings and informing renters of these things help eliminate bad reviews and give future renters confidence that they’ll enjoy their stay and be prepared for the day-to-day. Our locally based team has the ins and outs of the local real estate market down pat. This makes out team members and real estate agents get the inside scoop on where the best areas are to purchase investment homes, where the local entertainment districts and sporting events are help, and everything in between that will put people in your vacation rental for as many days of the year as possible.
Integrated Real Estate & Property Management Services
On top of helping you invest in Phoenix real estate, we also offer our services to ensure your home is managed properly. Along with matching you up to a great investment home, we want to be invested in your success. We help you understand everything it takes to best manage, market, and show your property to potential renters. Not only do we have experienced real estate and property management team members, but also contractors, handymen, housekeepers, and other services available to make sure the rental and maintenance of your property runs seamlessly all year long. The goal is to put people in the investment home for as many days as possible throughout the year to maximize your earning potential.
Dual Purpose Investing
Along with maximizing your earning potential, many of our customers want to get an investment home that will also be beneficial to their travel plans. There are hundreds of vacation destinations across the country that you could choose from, but there is a reason why so many people choose Phoenix. The weather here is amazing almost year-round, and it helps that unlike many vacation destinations, you don’t have to shovel snow in the winter. With temperate winters in the 60s to 70s, amazing seasonal activities like spring training baseball, and gorgeous sunsets year-round, Phoenix is not only desirable for people to rent your home but also for you. Many of our investors choose to block off days of the year so that they are able to stay in their own homes like a summer/winter home. You can enjoy all of the benefits your customers are looking to enjoy, but in a home you own. You can then turn this amazing investment into a retirement plan when you are done renting it out. Many people love to utilize the rental services for years and then convert their amazing home into a long-term retirement plan. Phoenix is a great city with plenty of activities for all ages and is consistently somewhere people want to retire. No matter if you want to utilize this as an investment opportunity, a retirement plan, or vacation home for yourself, it’s all-around great investing for long-term use that pays for itself.
Expected Return on Phoenix Investment Real Estate
The average return on investment, considering all markets and all price points, is about $33,000 annually. A high-end luxury home marketed and maintained by Porter can earn anywhere from $60,000 to $125,000 or more annually. Our Phoenix investment real estate team achieves high occupancy rates for our clients by utilizing industry-leading, dynamic pricing in tandem with a cutting-edge digital advertising and marketing strategy for all the vacation rentals we handle. We will work within your comfortable spending amount to ensure you get the most bang for your buck on the investment property that fits your needs.