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most expensive HOME SOLD
Previous sales: $369,910 (2020)
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Over 500 Homes Sold in 5 years
I F YOU’RE A FIRST-TIME RENTAL PROPERTY investor, you’re likely focused on one main goal: making money. But achieving long-term success requires more than just collecting rent. To truly grow your rental property portfolio and build lasting wealth, it’s essential to evaluate the performance of each property in your portfolio. Here’s why this step Evaluating your properties lets you see how much you’re earning after covering all your expenses. Are your rental rates in line with the local market? Are your maintenance costs eating into your profits? By carefully tracking your income and expenses, you can identify which properties are bringing in the best return on investment, or ROI, and which ones might need adjustments. If a property is underperforming, you may need to increase rent, make improvements, or, in some cases, consider selling. Identify and address underperforming properties Not every property will perform the same. Some might generate a steady cashflow, while others could be draining your resources. Regular performance evaluations allow you to spot underperforming properties early, so you can take action before it’s too late. This might mean upgrading the property, improving tenant retention or even selling to reinvest in higher-performing assets. Reduce vacancies is critical to your success. Maximize your profits Vacancies are costly. When a tenant moves out, your property sits empty, and you lose rental Real estate, real money Regular rental property performance is key to growing your property rental business BY SHERMAN AND EUPHEMIA WEEKES
Dayv Morgan ABR, CDPE, CSSPE OWNER, REALTOR ® �
finances, make improvements and ensure that each property is working hard for you. Need help evaluating your properties? Crest Property Management is here to guide you every step of the way. Let’s work together to build your rental portfolio and secure your financial future!
income. By evaluating your properties, you can spot trends in tenant turnover and find ways to keep your units occupied. Maybe small repairs or improvements could attract higher-quality tenants or allow you to increase rent to reflect market demand. Making smarter investment decisions The ultimate goal of evaluating your rental property’s performance is to help you make smarter decisions when expanding your portfolio. Knowing which properties are successful allows you to reinvest profits into new opportunities with the best chance for growth. Regular evaluations help you stay on top of your
585,000 $
41988 W. Rosewood Lane
Dec. 20
This two-bed, two-and-a-half-bath lakeside corner home opens to a home office just inside the front door. Follow the hardwood floors a bit further and you’ll reach the kitchen, equipped with quartz countertops, white cabinetry and stainless-steel appliances. Connected is the spacious living room, with large windows overlooking the community lake. The backyard has a covered patio with remote-controlled sunscreens, a turf lawn and outdoor seating area with prime vistas of the water. The home sold for $12,000 below the asking price.
480-838-9558 crestpp@gmail.com CrestPPM.com 4625 S. Lakeshore Drive, Suite 300, Tempe
(480) 251-4231 • DayvMorgan@gmail.com MaricopaHomeSmart.com
Community: Province Square feet: 2,325 sqft. Price per square foot: $251.61
Builder: Meritage Homes Year built: 2020 Bedrooms: 3 Bathrooms: 2.5
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Maricopa resident since 2006
Lot size: 7,692 sqft. Days on market: 42
2. 20629 N. Danielle Ave., Homestead North.......................................................$557,500 3. 39950 W. Bunker Drive, The Lakes at Rancho El Dorado.......................$549,990 4. 42614 W. Bravo Drive, Rancho El Dorado........................................................$535,000 5. 36800 W. Santa Barbara Ave., Rancho Mirage.............................................$525,990
least expensive HOME SOLD
Quality Plumbing At A Fair Price
285,000 $
36055 W. Vera Cruz Drive
Dec. 19
(520) 509-7948 • Gas Lines
Dr. C. Jon Beecroft
Dr. Kelvin Crezee
Dr. Jordan Richardson
See Us For All Your Plumbing Needs
This three-bedroom, two-bathroom home in Tortosa is “filled with natural light,” according to its listing. Walk in the front door and you are greeted by an open living room with a half-wall connecting it to the kitchen and dining room. The fully paved backyard
• General Plumbing • Reverse Osmosis Systems • Water Heaters • Water Softeners • Camera Sewer Lines, Blockages, Breaks & Home Inspections • Electrical Locating • Gas Line Locating • Electronic Leak Locating • Sewer Locating 24-HR Emergency service
Maricopa Foot & Ankle Center
• Ankle & Foot Surgery • Athletic Injuries • Bunions & Bone Spurs • Ingrown Toenails • Plantar Fasciitis • Sprains & Fractures • Varicose Veins Treatment • Warts • Wound Care Specialists
(520) 494-1090 • MFAAC.com 21300 N. John Wayne Parkway, Suite 126 Just south of ACE Hardware
has a covered patio and shed. It sold for $20,000 below the asking price.
Previous sale: $110,000 (2009), $63,000 (2010)
Community: Tortosa Square feet: 1,322 sqft. Price per square foot: $215.58 Lot size: 5,845 sqft.
Days on market: 52 Year built: 2008
Second location
Bedrooms: 3 Bathrooms: 2
Ahwatukee Foot & Ankle Center
HOURS: Mon-Fri. 8am-5pm Sat.
2. 36550 W. Mondragone Lane, Anderson Farms....................................$292,990 3. 46058 W. Sky Lane, Maricopa Meadows................................................$295,000 4. 41183 W. Hensley Way, Homestead North...............................................$299,999 5. 43309 W. Elizabeth Ave., Senita...................................................................$300,000
By appointment
ROC# 259533
(480) 893-1090 • AHWFAC.com 15810 S. 45th St., Suite190 Just south of Chandler Blvd.
44400 W. Honeycutt Rd. Suite 106 MyMaricopaPlumber.com
Source: MLS, Dec. 9 – Jan. 10
InMaricopa.com | February 2025
February 2025 | InMaricopa.com
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