Rental Market in Arizona Sept. 2009
Speeches of Federal Reserve Officials
Federal Reserve Banks objective is let the market correct itself going forward. Financial institutions are liquidating their inventories rapidly and as the result tons of foreclosures are coming into the market daily. Government has done all it can to stimulate the economy. It is do or die time.
In the past two weeks ( Sept 15 to 30 ) we have been bombarded with phone calls for rentals. These are mostly very stable families losing their homes to foreclosure. There is a betting war for rental inventories in good neighborhoods with good schools.
Due to our massive marketing efforts, advertising on over 40 web sites, we have rented most of our invesntory or have a waiting list for our new ones. Should your tenants move out, we have an immediate replacement for them.
Stock market has not been able to cope with the rapid rate of inflation, Dollar is losing its value fast, Gold is over $1000 an ounce, Silver is pushing $16, there is a T-Bond Bubble and forget about CDs. Where do you invest these day? This is an easy answer, Real Estate in Arizona where you can buy 30% below builder's cost! Rent it. It should yield 6% for the next five years then sell it at almost twice as much! Let me know if I can be of any help. Payam Raouf, Sr. Investment Advisor. payam@azezrentals.com or 888-777-6664 ext 110.
I am not an economist...this is my opinion only. You must do your own Due Deligence.
Friday, October 2, 2009
Friday, September 18, 2009
Arizona Rental Investing
Investing in real estate in Arizona, much like any state, comes down to certain vital aspects such as location, convenience, amenities and the earning potential of the property. When considering any property make sure that you run through a checklist to ensure that the property in question will fulfill all of your requirements as an investor and the needs of your potential renters. The first thing that a smart investor should consider in a rental property is location.
The statement that real estate is all about location was made for good reason. The location of a rental property has a huge impact on the financial viability of an investment. If the home is located in a largely rural area it will not be as easy to rent on an ongoing basis as a property that is centrally located in a city or town. Also consider other major drawing points such as schools and colleges and major business centers. Try to keep your rental investments to areas where there is a big call for rental suites or homes in order to ensure that you are never without tenants, or income.
Earning potential of any property should be foremost in an investor’s mind. After all this is the whole point of the investment. Home quality is a big part of a home’s earning potential. Run-down homes that don’t offer much in terms of living quality may be easily rented; but at what cost? Try to keep in mind that the quality of a rental property will figure largely into the quality of renters. Good quality homes attract good quality long-term renters.
Finally, amenities that are included both in the home and by the community where the property is are important factors in the rental of a home. While things like laundry access, internet and cable and dishwashers speak volumes about the quality of the home, access to public transit, shopping and entertainment, education and recreation are the community aspects that draw renters in.
Payam Raouf is a REALTOR:® specializing in Phoenix residential real estate investment. Payam has extensive knowledge in the world of real estate investment and is dedicated to providing you with an elite level of service and information. For more info on Arizona homes and investment properties contact Payam at Payam@azezrentals.com or call 623-776-5774.
The statement that real estate is all about location was made for good reason. The location of a rental property has a huge impact on the financial viability of an investment. If the home is located in a largely rural area it will not be as easy to rent on an ongoing basis as a property that is centrally located in a city or town. Also consider other major drawing points such as schools and colleges and major business centers. Try to keep your rental investments to areas where there is a big call for rental suites or homes in order to ensure that you are never without tenants, or income.
Earning potential of any property should be foremost in an investor’s mind. After all this is the whole point of the investment. Home quality is a big part of a home’s earning potential. Run-down homes that don’t offer much in terms of living quality may be easily rented; but at what cost? Try to keep in mind that the quality of a rental property will figure largely into the quality of renters. Good quality homes attract good quality long-term renters.
Finally, amenities that are included both in the home and by the community where the property is are important factors in the rental of a home. While things like laundry access, internet and cable and dishwashers speak volumes about the quality of the home, access to public transit, shopping and entertainment, education and recreation are the community aspects that draw renters in.
Payam Raouf is a REALTOR:® specializing in Phoenix residential real estate investment. Payam has extensive knowledge in the world of real estate investment and is dedicated to providing you with an elite level of service and information. For more info on Arizona homes and investment properties contact Payam at Payam@azezrentals.com or call 623-776-5774.
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