Short Term Rental Investment or second home in your Future?
About three years ago, my husband and I branched out from our long standing traditional investments into purchasing, furnishing and renting a short term rental property. We purchased a condo at one of the most popular condo communities in Metro Phoenix. Situated in the heart of the Phoenix, Paradise Valley, and Scottsdale areas is the beautiful condominium resort called Anasazi Village.
Here the residents enjoy impeccably kept grounds adjacent to one of the best golf courses in the Valley. Anasazi Village amenities include five resort pools each with its own spa, a clubhouse with party room, a billiard and card room, plus a fitness and business center.
Walking paths meander throughout the 22 plus acres of Anasazi Village giving the feel of an oasis in the middle of town. You can find almost everything you need within walking distance. The property is also pet friendly. Most importantly, the nicest people from all over the world call this their part time or full time home!
Anasazi Village is truly a one of a kind location to call home, whether for full time living, a second residence, or as an investment property. There are also several avenues to rent your property if you choose. Anasazi Village is so popular that usually word of mouth is all it takes. No worries about lots of turn around. There is a thirty day minimum stay. And usually the Snowbirds will stay at least two months to as many as six. When the snowbirds return home there is still a great need for centrally located, furnished short term rentals. There are people coming for a short term job requirement, others are house hunting or, in our case, waiting for their new home to be completed.
The Phoenix market has recovered quite nicely. But there are still some very well priced, available properties. In this price range you can also just purchase for your own personal use. They are very effortless “lock and leave” second homes. There are several excellent condos available for sale as well as patio homes and town homes in the surrounding, central area. Many of the homes are sold fully furnished and “turn key.” The price points are such that, for second home purchasers it can be quite affordable and for investors it could be a good return on your investment. Summer is an excellent time to purchase and prepare for the next busy season.
If you would like to view the available properties in this community or any other properties throughout the Valley, please utilize my MLS search or the quick Community Searches. This is the ideal tool for you to browse as often as you wish any areas you choose. When you are ready to view any properties live, or you have any questions, I will be here to help.