2024 April InMaricopa Magazine

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most expensive HOME SOLD

A RENTAL COMMUNITY

In contrast, long-term rentals offer a more streamlined experience, meaning landlords focus primarily on rent collection and occasional maintenance requests. Cashflow: From a financial perspective, long-term rentals usually provide a more stable and predictable income stream compared to short-term rentals. With tenants typically signing

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S HORT-TERM VACATION RENTALS LIKE Airbnb are very popular. However, for many landlords focused on short-term rentals, the higher income during the peak winter months does not provide the cash- flow needed from their investment property. Why landlords should choose long-term rentals BY SHERMAN AND EUPHEMIA WEEKES

year-long leases, vacancies are less frequent, leading to a more consistent cashflow. Long- term tenants often assume responsibility for utilities, lessening the landlord’s burden. Long- term rentals also exhibit greater flexibility to market disruptions, as was experienced during the pandemic when demand for long- term rentals remained strong while there was a dramatic decline for short-term rentals. The long-term stability appeals to landlords. Regulations: Short-term rentals are subject to regulations imposed by cities. These regulations can include permit requirements, tax obligations and adherence to health and safety standards. Violating these rules can result in fines and legal consequences. Long- term rentals, while still subject to regulation, typically adhere to standardized laws governing landlord-tenant relationships, offering greater clarity and stability. The choice between short- and long- term rentals requires careful deliberation. Ultimately, landlords must weigh these factors against their own preferences and circumstances to determine the most suitable rental strategy. If you’re a landlord facing challenges with your short-term rental property, feel free to reach out to us. We can assist you in smoothly transitioning to a more profitable long-term rental arrangement.

As a result, landlords wrestle with this question: short term or long-term rentals? The decision hinges on many factors, including time commitments, cashflow considerations and regulatory issues. Time management: Time is a critical consideration for landlords. Short-term rentals demand extensive time and effort due to the constant turnover of guests. Tasks like advertising, cleaning, restocking and handling emergencies create a cycle of responsibility that can be overwhelming. Dealing with property damage, maintenance issues and booking cancellations further complicates the process.

600,000 $

44568 W. Granite Drive

Feb. 27

For information about in-home features & community amenities, please go to our website below.

This Cobblestone Farms house is one of the city’s few basement homes. It boasts six bedrooms, three full bathrooms and a half bath. The front door opens to a staircase down to the basement, an office space, kitchen and living room. The backyard has a covered patio and grill with a pool. It sold for $29,000 below the original list price.

Previous sale: $164,500 (2010)

Community: Cobblestone Farms Square feet: 4,019 sqft. Price per square foot: $149.29

Builder: Fulton Homes Year built: 2005 Bedrooms: 6 Bathrooms: 3.5

178 https

Lot size: 10,093 sqft. Days on market: 83

2. 40532 W. Desert Fairways Drive, The Lakes at Rancho El Dorado..$599,000 3. 22249 N. Sunset Drive, Cobblestone Farms..................................................$550,000 4. 22211 N. Van Loo Drive, Rancho El Dorado.....................................................$529,750 5. 42206 W. Bravo Drive, Rancho El Dorado........................................................$510,000

8-14 years of age

least expensive HOME SOLD

Feb. 26 260,000 $

Quality Plumbing At A Fair Price

40333 W. Helen Court

(520) 509-7948 • Gas Lines

This two-story Desert Passage home has three bedrooms, two- and-a-half baths and was billed as a potential investment property. The front door opens to a

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connected living room and kitchen. The three bedrooms are upstairs. It sold for $39,000 under the original list price.

Previous sale: $103,000 (2013)

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

Community: Desert Passage Square feet: 1,653 sqft. Price per square foot: $157.29

Builder: KB Home Year built: 2006 Bedrooms: 3 Bathrooms: 2.5

10am-11:30am

Lot size: 4,430 sqft. Days on market: 14

SPONSORED CONTENT

Join Electrical District No. 3 for a children’s gathering at the Maricopa Library to celebrate Earth Day 2024. Kids will have the opportunity to participate in a variety of crafts centered around energy, recycling, and gardening. The event will kick off with a presentation about environmental awareness and conclude with a compost themed treat. Register online for the Earth Day 2024 event at the Maricopa Library website through a link in the library calendar. EVERY DAY IS EARTH DAY AT ELECTRICAL DISTRICT NO. 3

HOURS: Mon-Fri. 8am-5pm Sat.

2. 47743 W. Old Timer Road, Amarillo Creek..............................................$278,490 3. 18531 N. Davis Drive, Desert Passage.......................................................$285,000 4. 2197 N. Braden Road, Rancho El Dorado.................................................$285,000 5. 21939 N. Bolivia Street, The Lakes at Rancho El Dorado................$286,000 Editor’s note: Homes included in this report are inside city limits or in HOA communities with a Maricopa address. Source: MLS, Feb. 11 – March. 10

By appointment

ROC# 259533

44400 W. Honeycutt Rd. Suite 106 MyMaricopaPlumber.com

InMaricopa.com | April 2024

April 2024 | InMaricopa.com