All Forum Posts by: Pamela Sandberg

A turnkey provider that does sale AND rental AND management will definitely take a hit to your cash flow. Not to say it's impossible to make a deal work, and not to say that you shouldn't look into turnkey providers, but check out other options as well. Example: get a Realtor who works with investors and knows what you're looking for. Once you get tenants in place, you can mitigate costs by handling rent collection, bookkeeping, and scheduling repairs on your own. 

There are other options too, depending on what type of investment you're looking for. Happy to discuss in greater detail!

If you ever decide to head back home to AZ, there are some great opportunities in our market! Welcome to BP.

If you want to manage properties for another person, you will likely need to become licensed (depending on what specific activities you are doing). If you own the properties yourself you do not need a license. 

IMHO, the expansion would have to get MUCH further along before Casa Grande and Maricopa become solid bets. Right now I see a lot of people getting stuck with houses they don't want to sit on in those areas. Not to say there isn't potential there ... it just still feels a little too risky for my taste. 

Arizona has been a very popular solution for many SoCal investors. WE are just a quick drive across the desert, so it's not too far to manage a property from out of state. Our job projections over the next few years are very healthy and we have had several years of healthy, sustainable market growth. Happy to discuss the areas and different strategies that work here!

The neighborhoods change so quickly here that it's hard to give one general rule of thumb. On the whole, rents and resale value tend to be higher on the east side than the west side (with many exceptions, of course). Take that info how you will ...

In addition to Tempe, Chandler and Gilbert are also doing VERY well for rentals. Happy to answer any questions I can about the area!

Hi Daniel, 

Welcome to BP (and the ASU alumni club)! Good for you starting early. There are so many great opportunities in Phoenix now. Job growth is projected to be HUGE in coming years, and the real estate market has healthy projections too. Happy to discuss particular areas/strategies/etc. that you are interested in!

There's lots of opportunity! With blockchain and digital currency, it is easier than ever to invest out of country. However: there are, of course, a wide range of legal regulations and tax implications. Be sure you are working with pros who can help prepare you for the unexpected!

The 2017 law prohibited cities from *preventing* AirBnB altogether, but they are allowed to place restrictions. Number of guests, noise, etc. have been big issues. They are working their way through the courts, and yes, some areas are restricting AirBnBs more than they used to. I highly doubt that AirBnB will ever be regulated ENTIRELY out of business, but I do imagine landlords will have more restrictions to contend with in the future.

However: owning in Tempe, you would have a fantastic safety net. If AirBnB turns out to not go your way, there is a constant demand for student rentals. If you don't want to rent to students, professors and parents are also looking for places to stay in Tempe. And if you want to get out altogether, your resale value should be protected by the consistent rental market in the area. So all in all, I think Tempe is one of the safest places you could try this out. Happy to answer any specific questions!