More and more homeowners are finding themselves upside down in their homes in DC Ranch, Grayhawk or any other Scottsdale, AZ community.
Instead of short selling or walking out and foreclosing, there are those that have the faith that this market will turn around.
So they’ve decided to rent until things get better.
Even more lucrative then renting out their property year round is renting it out to vacationers.
You tend to get a lot more money during high season so you may not mind leaving it empty during the summer months.
Surprisingly, there are actually people that do rent out homes and condos in the summer here. For one, Europeans. Scottsdale is an international destination.
High season here is from January to April. October and November are high use times as well.
Check with your HOA to see the rules about renting in your community
One vacation rental company I recommend is Latitude Eight Luxury Vacation Rentals.
For a fee they will advertise your property, find you clients, take care of the property, take care of payment, clean after every guest and act as a conceirge booking tee times and dinner reservations.
You don’t have to worry about a thing.
The fee is higher than a regular property manager but keep in mind, you’re making a lot more money.
Check out www.l8vacationrentals.com or click here.
And if you’re tired of company staying at your place, you just might want to pass on the information to them too.
If you’re Canadian please consult a cross border tax consultant about tax consequences and filing procedures.
Please call for a referral.
Diane Brennan is Your Voice in Real Estate. She failed miserably at pursuing a career in Gold Digging and currently helps Canadians and other foreign investors purchase property in Scottsdale, AZ. She’s an expert in the beautiful communities of DC Ranch and Grayhawk and her team includes experts in all areas of the Phoenix metropolitan area. Read what her clients have to say about her. Rumor is she knows her stuff and can be quite enjoyable to be around for long periods of time. Her driving…not so much. 602-620-2277 or toll free 1-800-354-4984