The Angelo Group Real Estate Team discusses how to navigate and benefit from the recent shift we have seen in the Phoenix real estate market. This information is for home buyers and sellers trying to make a good real estate decision in this market.
John Angelo goes over how to approach the new year as a real estate buyer or seller.
1. Read the reviews. What are prior guests saying?
2. Don’t assume a booked calendar means no vacancy.
3. How long have these properties been around and renting to furnished guests?
4. What is their peak season as well as their low season rate?
5. How many average nights do their guests stay? Do you want to offer something different?
6. How do the competitors comply with the HOA rules (if any)?
1. If the manager does not bring guests or “quality” renters you have lost in the long run. Does your manager book any reservations away from OTA’s (Airbnb or VRBO). What percentage of their guests return or are booked via a referral?
Estimate…….. $10,000 per bedroom.
One bedroom / one bath condo =$10000
Three bedroom / two bath home = $30000
Five bedroom/ three bath = $50000 +
This is to furnish on a budget….luxury home with all the accessories up to $20000 per bedroom.
We are honored to be recognized by Phoenix Magazine as one of the Top Producing real estate teams in the Valley for 2021 with the Gold Award. We appreciate and owe this to the fantastic clients that we are privileged to help. See how we rank here.