Real Estate

Two Fully Furnished Rentals Available in Scottsdale!

Just East of Shea and the 101 are two stunning fully furnished properties ready to become your home away from home!

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At the cross streets of Via Linda and 105th St is a sensational Scottsdale Ranch Patio Home!

2 Bed, 2 Bath, 1378 sq. ft

Near fishing and boating at Lake Serena, parks, baseball spring training, shopping, Scottsdale healthcare hospital at Shea, and the Mayo Clinic.

This property offers amenities such as flat screen TVs in family room and bedrooms, a private yard with covered patio, fireplace, 2 car garage, wet bar with granite, in unit washer/dryer, and full kitchen. Everything is ready for you to move right in! Don’t miss this perfect opportunity to live in one of the most desirable parts of the Valley of the Sun!

Click here for more information and to check out this property!


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Located on Shea Blvd and 92nd St is this contemporary and cool condo in the Aventura community in Scottsdale!

1 Bed, 1 Bath, 663 sq. ft

Artfully decorated and super comfortable, you’ll be proud to call it home no matter how long or short your stay. Offers granite counter tops, travertine flooring, stone fireplace, in unit washer/dryer and assigned covered parking.

This community has a large variety of amenities including: 3 community pools, fitness center, tennis court, clubhouse, and BBQ grills conveniently located through-out the lush landscaped grounds. Everything you could want in a temporary housing solution!

Click here for more information and to check out this property!

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The AvenueWest Phoenix Team is Expanding!

Recently AvenueWest Phoenix has been making some big moves! We are moved and settled into our new office space and we just added to our growing team.

img_1782Introducing Marena Arenas who is the newest addition to the AvenueWest Phoenix Team! Marena received her Bachelor’s degree in Housing and Urban Development from ASU. Currently, she is working on her Master’s degree at ASU for Public Administration. Marena is passionate about meeting client needs and finding the perfect home to pair with the resident. Her organization and customer services skills are the perfect fit for achieving our company goals, not to mention her name starts with ‘M’!

In her spare time Marena enjoys spending time with her dog Ninja, spoiling her nephew, listening to a good playlist or podcast, and seeking outdoor adventures!

 

 

Home or Condo when Investing

When you invest in a rental, should you purchase a Home or Condo?

Home or Condo? What to buy when you invest in a rental property?

5 Must Consider factors before you invest in a rental property!

is now a good time to invest in real estateWhat makes a better corporate rental: A single-family home or a condo? This is the million-dollar question in corporate housing, and it’s just one of the considerations to make when deciding the right type of corporate housing investment property for you. Obviously, there are many other factors, too, so do your homework and take a “gut” check to find out what kind of investor you are and what type of property works best for you.

Consider these factors when making your decision:

Upkeep

Single-family homes typically require extra upkeep and maintenance (especially if they’re older). They require regular yard maintenance, exterior painting, roof repairs, etc. On the other hand, condos only require maintenance within the unit. Generally, the upkeep of the exterior and common areas is maintained by the Homeowners Association (HOA) and is part of the monthly assessment. Condos create reserves from HOA fees to manage major exterior updates or repairs (i.e. a new roof).

Costs

Single-family homes come with monthly costs like trash, heating, water, lawn mowing, etc., and each needs to be paid separately. The good thing is that some of these costs (such as heat and water) will fluctuate depending on the season and the occupancy. Your costs will vary depending on whether your home is vacant, has one tenant, or has multiple tenants. Condos require you to pay a monthly assessment, regardless of whether someone is living in the unit or not. However, most condos include heat, exterior maintenance, trash, building insurance, and water in their monthly fees.

Receive a free property evaluation to see if your property is a match for corporate housing

Commitment

Generally, single-family homes take more time to manage and require a more active, hands-on investor. There are a lot more things that require upkeep and maintenance in a home than in a condo. For investors with little time, a condo can be a great, worry-free way to go.

Value

While resale value depends on the location, single-family homes are typically easier to resell and hold their value over the long-term. A condo building with 500 units may have 10+ units for sale at any given time, making it difficult to sell your unit at a competitive price.

Investment Goals

Is your goal to build equity in the property? Create a positive monthly cash flow? Create the biggest tax deduction? Have a property you can use from time to time?  Simply rent until the real estate market gets better? Make sure you are clear on your goals, particularly what you expect to get out of the property and why. These answers will allow you to make a better assessment of your success at the end of the year.

“Snow-what?”

For some of us when we hear the term “Snowbird” sometimes we think we’ve heard the word incorrectly.  “Is that supposed to be snowboard?” we ask ourselves.  But then when we realize “snowboard” doesn’t make any sense in the context of the sentence, so we go back and listen again.  “Snowbird“?  Is that a rare bird from the North Pole that only makes it’s presence known when Rudolph is on vacation and Santa needs help navigating?   After struggling to figure out what the heck it is, finally…the term is explained – “a person who seeks to live in warmer climates during the winter months.”  Ahhh, a dream so many of us hope to be able to financially achieve once we hit retirement age.  Better yet…win the lottery, quit our jobs and start now!  To live part of the year in the warm, relaxing, long hours of summer and the other half away from shoveling snow in a warmer southern climate!  What a great life that would be.

Well, folks, if you are lucky enough to enjoy this type of lifestyle, Arizona is definitely the place to be in the winter.  We know it’s only the beginning of Fall and that the temperatures are still a bit toasty for most; but, before you know it we’ll be in the midst of perfect winter weather (60’s & 70’s)!  If you have not enjoyed a Phoenix winter before and are hesitant to buy a place right off the bat come on down and rent a place for a season.  Check us out first before you decide to call the Valley of the Sun your home away from home.  AvenueWest Phoenix is the perfect place to help you with a long term rental during your winter stay.  We’ve got several properties to choose from in all shapes, sizes and locations throughout the valley.  Visit our website or call us at 602.753.2412 to speak to a representative that can help you find the right winter getaway.

What to Know when Investing in Corporate Housing

Kimberly Smith has written another informative article.  To start the week off we thought we should share it with you…

Investing: What to know!

by Kimberly Smith

6 MUST Knows before investing in a Corporate Housing Rental Property!

If you’ve decided investing in corporate housing is right for you, here are some important considerations to make before you purchase a property specifically for use as a corporate housing rental.

Evaluate Price per Square Foot

Evaluate price per bed, not price per square foot. While some people think more space or a bonus room are great perks for a home they are going to live in, keep in mind that it’s just added liability for a home you plan to rent.  Purchase the smallest sqCorporate Housing Investment Rentaluare footage with the most number of bedrooms. Just like a hotel, when you rent out a corporate rental, it’s priced per bed, not by square footage.

Avoid First Floor Units

If you’re purchasing a condo as a rental property, avoid first floor units. People who don’t know the city may not feel as safe in a first floor unit (which can negatively affect your rental success), and often, people will use a first floor rental to advertise a business that they may conduct in the unit.

Location Matters

Location. Location. Location. Location can single handily ensure your property is rented continuously. Look for homes in urban areas, near train stations and airports, and close to universities and hospitals. Typically, these locations rent well and have the best resale value.

Functionally Obsolete Homes Can Make Good Rentals

Don’t rule out functionally obsolete properties. Sometimes a property that is a poor long-term home is a perfect short-term, furnished rental home. For example, homes with tiny closets or kitchens (which some consider functionally obsolete) make wonderful furnished rental properties because they are usually less expensive to buy and provide good cash flow.

View & Amenities Matter

Views and amenities matter. When people are visiting a new city for business or pleasure, they want to enjoy all the city has to offer. Corporate tenants like city views, covered parking and free gym access. Keep these things in mind when creating a desirable corporate rental property.

To see this original article and many other great corporate housing advice and information visit Corporate Housing by Owner’s blog by following this link.

Corporate Housing CAN Be for Everyone

Don’t let the name fool you, corporate housing isn’t just for executives anymore.  Anyone in need of a short term rental should look into the corporate housing market to find their perfect fit.  Written by Janine Low in 2013, the article below explains different reasons corporate housing is a great alternative when you are in need of an extended stay.

Did You Know Corporate Housing is Not Just for Corporations?
by Janine Low

Corporate housing is a critical “product” in the larger, extended stay lodging segment. As an industry, we need to understand that corporate housing is no longer just for traditional business travelers. There are many individuals and families seeking long-term housing, and we need to educate these renters on how corporate housing is an attractive extended stay option. Consider this: There are more than 600,000 relocations in the U.S. defense industry each year, and there are more than 200,000 traveling nurses! These individuals are already familiar with extended stay lodging. If we embrace what they already know, there will be a much shorter learning curve in educating them about corporate housing.

Stay in a residential setting instead of a transient one the next time you are called away on an extended stay business trip; are displaced from your home; are relocating to a new city and want to try an area out before renting long term or purchasing a home; are having a medical procedure away from home; off-base military housing; etc. The possibilities are endless for “corporate housing.”

Corporate Housing can be utilized by military personnel looking for offsite housingCorporate Housing can be used for traveling nurses or for patients undergoing medical procedures away from home Corporate Housing can be used for anyone relocating to a new city or area

Contact AvenueWest Phoenix for more information on all of the rentals we have to help you feel right at “home”.

Words We Live By

If you’re still wondering if you should call  AvenueWest Phoenix to help you find short term housing or manage your rental property, let us share with you some of the ideals that we live by.  Operating by the highest standards, believing in our business model and providing honest and reliable service has made us who we are today.  They have kept us going strong over the years and we stand true to what we believe in.


VISION
AvenueWest Managed Corporate Housing’s vision is to professionally service and expand the unique niche of furnished residential rentals.

VALUES
AvenueWest is committed to straightforward good business ethics and honest communication both within the office and throughout all of our business dealings. AvenueWest is committed to excellence, fairness and quality in everything we do.

MISSION
AvenueWest’s primary objective is to provide high quality condominiums, lofts, homes and apartments to meet the furnished short-term housing demand. We can best serve our tenants and property owners by always improving the quality of everything we do as a team. We are committed to the process of becoming a continuously self-improving organization.

GOALS

  • Represent quality furnished corporate rentals
  • Represent qualified tenants
  • Provide a high level of service and satisfaction
  • Maintain open communication with property owners
  • Work to maintain high occupancy rates for all units within our system
  • Constantly work on the timeliness of tenant payments
  • Process owner rent payments in a consistent and timely fashion
  • Upkeep rental units with cost effective maintenance and repairs
  • Inspect, inventory and maintain the condition of all our units
  • Deliver timely and complete year-end tax and expense reports
  • Maintain a high level of professionalism within the business community
  • Provide an enjoyable and functional work environment for all employees
  • Continuously improving
  • Support the positive growth of our community

To learn more about what we do and how we can help you manage your rental or find short term housing contact us today at 602.753.2412 or phoenix.aveuewest.com.

Renovation Relocation

Wondering where you will stay during your renovation?  AvenueWest Phoenix can help you get comfortable in a nice cozy space while waiting for your dream home to be done – draft free and mountain climbing not required.

Give us a call and we’ll take care of the rest! Visit our website at phoenix.avenuewest.com or call to speak to one of our representatives at 602.753.2412. We look forward to hearing from you soon!

Your Investment is the Ideal Short Term Housing Solution for Big Business

Did you know that Phoenix is a big part of big business?  Many large corporations have set up shop in The Valley of the Sun which gives strength to a growing economy, provides a need for housing and allows for a huge opportunity for residential real estate investors.  Many of these companies such as Intel, Wells Fargo, Albertsons, JP Morgan Chase, US Airways and Mayo Clinic will need short term housing for relocating employees or folks that may travel to the area on a temporary assignment.

In order to treat these valuable employees right, the employer will want to make sure they are comfortable not only in the office but at home as well.  This is where your investment comes into play.  Managed corporate housing is the ideal short term solution for this particular clientele.  A condo, town home, or single family residence is perfect for the business traveler.  It allows them to feel relaxed in a home away from home type setting.  Hotels are fine for a quick weekend getaway; but, if someone is relocating or on an extended assignment, managed short term rentals are the preferred option.

AvenueWest Phoenix uses a specifically designed, tested and proven program that delivers high quality rentals, exceeding tenants expectations, while constantly maintaining the quality of the property and delivering higher returns to the property owner.  This means we spend a lot of time with both our tenants and property owners working to keep the best balance possible. In today’s economy, quality, location and cost are everything to our tenants. Tenant’s needs must be taken care of in a timely fashion while making every effort to keep property owners well informed and educated about their properties.

We service all maintenance requests, process all rental payments, negotiate with tenants to maintain higher occupancies, process monthly utility payments and produce year-end income statements including 1099s and expense reports.

You will discover we have structured our management program to work with your needs whenever possible. Our management program includes bringing the best properties into our inventory, assisting with furnishing (if necessary), providing housecleaning and maintenance services, and working with you to ensure you obtain the most from your investment.

AvenueWest Phoenix can help you prepare your rental to be in tip top shape for the incoming business traveler.  Feel free to call us at 602.753.2412 or visit our website at phoenix.avenuewest.com for additional information.

 

What Surrounds our New One Bedroom…

Our new one bedroom condo is so close to…well, almost everything…we thought we’d expand a little bit on how much surrounds this perfect little rental.  With so much to do that is so close by you will have a really hard time finding things NOT to do!

Spring Training – If you stay during the month of March pack your peanuts and cracker jacks!  This rental is close to the San Francisco Giants, Colorado Rockies and Arizona Diamondbacks in Scottsdale, and the Los Angeles Angels of Anaheim in Tempe.  If you aren’t a fan of any of these teams before you arrive most likely you will be when you leave!

Phoenix Zoo – Open year round this zoo is one of a kind with both exotic animals and local inhabitants from our unique Sonoran Desert.  Bring your walking shoes as this zoo goes on for miles entertaining all ages with wildlife viewing, petting zoos, splash pads, and live shows…I think they even have friendly camels just waiting to give you a ride!

Desert Botanical Garden – if fauna isn’t your thing, just skip on next door to the botanical gardens for an unforgettable day of desert flora.  Our botanical garden is known for it’s beautiful exhibits on Sonoran Desert plants, cacti and flowers.  Depending on what time of year you visit, you have the option to view the monarch butterflies, night blooming flowers, Chihuly in the Garden and Las Noches de Luminarias.  Check out their website at www.dbg.org for information on all of their events and more!

Arizona State University – ASU not only offers a fine education but they also have an excellent sports program and mesmerizing theater performances that are open to the public.  Check their website for information on all of the happenings at the Tempe campus.

Old Town Scottsdale – With endless art galleries, shopping and restaurants you can spend all day in this small section of Scottsdale and feel as if you still haven’t seen it all.  The business owners in old town take pride in their historic area of town and will treat you to a memorable experience that will have you wanting to come back for more!

Tempe Town Lake – Approximately 5 miles around, this local favorite is a great place to stretch your legs and get a little exercise.  Whether you like to run, bike, walk,  fish or boat this urban recreation park has just what you need.

For more information on our latest property or any of our other great rentals  feel free to contact us at 602.753.4212 or phoenix@avenuewest.com.