2025 January issue of InMaricopa Magazine

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or secondary markets can provide opportunities to acquire properties at lower costs while maintaining high rental yields. 6 Hire a property manager. Consider hiring a professional property manager to efficiently take care of the day-to-day issues with your investment. Efficient property management is essential to ensure profitability. This would remove the headaches associated with property management and allow you the freedom to stay focused on growing your portfolio. Reach out to us for help with growing your rental portfolio and achieving long-term success.

Maricopa’s #1 Realtor

Over 500 Homes Sold in 5 years

6 ways landlords can grow their rental portfolio in 2025 BY SHERMAN AND EUPHEMIA WEEKES

Dayv Morgan ABR, CDPE, CSSPE OWNER, REALTOR ® �

570,000 $ Previous sales: $450,000 (2023); $262,656 (2013); $200,000 (2010)

4 Explore financing options. Financing can be a challenge, but with a solid credit score and cashflow, you have multiple options. Traditional mortgages, private lenders and creative financing methods like seller financing or hard money loans can provide the capital needed for purchasing more properties. 5 Identify your target market. Where you choose to invest will depend on market trends and personal preferences. Look for locations with strong rental demand, good economic prospects and affordable property prices. Expanding into emerging

40924 W. Wade Drive

Nov. 14

This two-story, lakeside home is bright — the marble flooring and white walls reflect light from the many windows. The kitchen is equipped with dark granite countertops and brightly colored cabinetry. The bright house also has a dark side. One of the bedroom suites is decked out with Star Wars decorations. Don’t call yourself a Star Wars fan if you don’t have a picture of Darth Vader reading the paper on the john, next to your john (and a Stormtrooper shower curtain). The master bedroom on the second story has dual closets, a dual-sink bathroom and sliding doors that open to a balcony overlooking the back yard. Back at the ground level, the back yard features a covered patio, pool and turf lawn.

480-838-9558 crestpp@gmail.com CrestPPM.com 4625 S. Lakeshore Drive, Suite 300, Tempe

M ANY LANDLORDS WE WORK WITH want to grow their rental business, but growth doesn’t happen by chance — it takes focus and effort. If you’re a self-managed landlord in Arizona, here are some practical steps you can take right now to expand your rental portfolio this year: 1 Evaluate your current portfolio. Begin by reviewing your existing properties. Are they generating positive cashflow or do you have underperforming properties? Assessing your portfolio’s current value, income generation and maintenance needs will help determine how much capital you can reinvest into future purchases and whether any properties should be sold or improved. 2 Assess your credit and cashflow. Before making any acquisitions, evaluate your credit score and available cash flow. Good credit is essential for securing favorable financing options, while strong cash flow ensures you can handle mortgage payments, repairs and vacancies. If necessary, work on improving your credit before pursuing more properties. 3 Set clear goals. Determine where you want to go with your portfolio. Do you aim to focus on single family residential, multifamily or commercial spaces? Setting clear growth objectives will help you decide how many additional properties you need to acquire and the type of real estate that aligns with your financial strategy.

(480) 251-4231 • DayvMorgan@gmail.com MaricopaHomeSmart.com

Community: The Lakes at Rancho El Dorado Square feet: 3,649 Price per square foot: $156.21 Lot size: 6,330 sqft.

Days on market: 192 Builder: Hacienda Homes Year built: 2007 Bedrooms: 5 Bathrooms: 4.5