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 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.
Integrated Real Estate & Property Management Services
Serving the Scottsdale & Phoenix areas
Our staff has great expertise in CAP rates and other legal aspects concerning the vacation rental market. 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.
Experts in the Scottsdale Vacation Rental and Real Estate Market
Porter’s team includes certified vacation rental and Scottsdale 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 Scottsdale real estate market down pat.
FAQs About Making a Vacation Rental Investment
What kind of return can I achieve on a vacation rental investment?
Should I renovate or update my new home before putting it on the vacation rental market?
Absolutely. It has been proven time and again that modern furnishings and finishes, updates, renovations, and basic repairs can increase earnings potential. A home that shows well online can demand higher rates. For glowing post-stay reviews, homes that “look just like the pictures” do best. A home that’s free of maintenance or upkeep issues prior to listing is critical for a positive guest experience, resulting in positive reviews and more bookings. Once your property is overseen by Porter, you’ll have access to our network of top Scottsdale and Phoenix area architects, builders, craftsmen, designers, finance professionals and more who can make things happen quickly to get your property market ready.
Can I still stay in my new home if I put it on the vacation rental market?
Absolutely. Porter is here to help you manage your property, not take control of it. You have the option to block off as many or as few dates on the calendar as you wish. Are you coming home for one of the many winter activities? Block that week off from renters to ensure you’ll have your home for yourself. With Porter, you’ll always have the last word and the first pick of when you want your rental to be available to guests.
How Much Can My Investment Property Make?
Align Yourself With Local Experts
With 30 years of institutional knowledge, Porter’s leading local experts in the vacation rental and real estate industry understand that there are complex decisions involved in purchasing a vacation rental. We know how to guide you in your property investment.Let's Talk