I was just spending my Sunday evening doing what I normally do ( searching high and low on MLS for any new investment opportunities that get me excited ). I thought I would start a post to talk about the success that my newest venture has been experiencing in the Phoenix/ Scottsdale market.
I currently own/ self manage a handful of very lucrative vacation rentals in the Scottsdale market and must say 2017 continues to blow me away as I am now booked all the way until the end of May- July with all my units. If you follow the strategy correctly, you can make an extremely good “cash on cash” return (27-42% depending on debt services). Which in return can bring strong annual returns.
I have represented several buyers and helped them in acquiring, furnishing, getting their platform started, and creating their very own rockstar vacation rental. It brings me lots of happiness, as I am a “pride of ownership “ kind of guy, and like to see everybody be happy with their investments. I am currently a super host with over 90 (4.9 star reviews on AIRBNB), and this all started with just an idea to try and make some seasonal income.
My two most recent has maintained 91% occupancy since going live in November 2017 and brought in over 20k each gross in just under 6 months. Not too shabby for under 200k investments. Not to mention seen over 11% appreciation each with no rehab costs.
If you have any interest in taking a look at the Phoenix market, any questions about how to successfully run/ manage a short term rental ( in any city), or just want to pick my brain, feel free to reach out. I love hearing other investor perspectives. Hence why bigger pockets has been such a value add to my life!
I have multiple properties that meet my criteria currently on the market, breakdown of expenses ( cleaning fees, furnishings, operating expenses, etc.) I’m more than happy to chat!