2024 October InMaricopa Magazine

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most expensive HOME SOLD

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lease and enforcement. A well-drafted lease is essential for protecting your investment. Professional property managers prepare comprehensive, legally sound lease preparation agreements with protective clauses. They also handle lease renewals and enforce lease terms, ensuring consistent rental income and preventing disputes. 4. Efficient maintenance and repairs. Managing property maintenance can be time- consuming and costly. Professional managers coordinate regular maintenance and address repairs promptly. This proactive approach keeps your property in good condition and helps avoid expensive emergency repairs. 5. Streamlined rent collection and financial management. Managing rent collection and financial records can be burdensome. Professional property managers handle rent collection, ensuring timely payments and efficient processing. They also provide detailed financial statements and reports, simplifying income tracking, expense management and tax reporting. 6. Knowledge of local laws and regulations. Professional property managers are well- versed in the Arizona Landlord and Tenant Act and other relevant regulations. They ensure your property management practices comply with local laws, helping you avoid legal issues and maintain a smooth landlord- tenant relationship. 7. Increased property value and return on investment . Effective property management helps maintain and even increase your property’s value. By efficiently managing maintenance, tenant relations and rental income, professional property managers enhance your investment’s performance and boost your return on investment. In summary, utilizing professional property management services can significantly improve your investment’s performance and ensure a well-managed property. Contact Crest Premier Properties for any concerns or questions about managing your rental property.

I NVESTING IN REAL ESTATE IS A PROVEN strategy for building wealth, but successful management is crucial. Here’s how professional property management can enhance your investment: 1. Efficient marketing and tenant acquisition. Professional property managers excel in attracting the right tenants through diverse marketing strategies. They use a range of methods to property management BY SHERMAN AND EUPHEMIA WEEKES 7 ways to maximize your real estate investment with professional

Previous sales: $440,000 (2020), $271,300 (2017)

reach a wide audience, reducing vacancy periods and income loss by quickly filling vacancies with reliable tenants. 2. Comprehensive tenant screening. Choosing the right tenant is vital for property success. Professional managers conduct thorough background checks, including credit history, criminal records and previous rental histories. This meticulous screening ensures tenants are financially stable and have a history of responsible behavior, minimizing risks of late payments and property damage.

710,000 $

40907 W. Hall Drive

Aug. 30

This five-bedroom, four-bathroom lakeside home in The Lakes at Rancho El Dorado has Harley Davidson written all over it — literally. Walk through the front door and you are immediately greeted by a game room, sporting a pool table with a Harley Davison light fixture hanging over it and walls adorned with Harley memorabilia. The kitchen is decked out with stainless steel appliances, granite countertops and an attractive tile backsplash. The living room features an entertainment setup with a leather furniture suite. In the back yard, you’ll find a heated pool with a Harley Davidson logo on the step, a putting green and built-in fire pit. Its covered patio has a dining area, bar and built-in grill. The home sold for $39,900 below list price.

Community: The Lakes at Rancho El Dorado Square feet: 3,657 sqft. Price per square foot: $194.15

Builder: Meritage Homes Year built: 2013

Bedrooms: 5 Bathrooms: 4

Lot size: 10,068 sqft. Days on market: 132

2. 41855 W. Laramie Court, Glennwilde..................................................................$610,000 3. 37588 W. Padilla St., Rancho Mirage..................................................................$549,990 4. 44288 W. Palo Nuez St., Palo Brea.......................................................................$545,000 5. 19358 N. Ventana Lane, Glennwilde...................................................................$525,000

least expensive HOME SOLD

265,000 $

42802 W. Hillman Drive

Aug. 8

This Rancho El Dorado home has nearly every color in the hex code — its kitchen features eggshell walls and white tile, with a breakfast bar and natural wood cabinets. The connected living room has mustard walls and vinyl woodgrain flooring. The carpeted home office has pale cornflower blue walls that clash with the mustard. Upstairs, things get wackier, with a mix of more pale cornflower blue, mustard and bloodred walls. The three bathrooms feature a lovely mix of seafoam green and lavender walls. The back yard sports a covered patio and plenty of untouched dirt eager to be landscaped. It sold for $90,000 below the original list price.

Previous sale: $123,777 (2015)

Community: Rancho El Dorado Square feet: 2,185 sqft. Price per square foot: $121.28 Lot size: 5,491 sqft.

Days on market: 92 Year built: 2003 Bedrooms: 3 Bathrooms: 2.5

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

T2. 20481 N. Ancon Ave., Acacia Crossings................................................$278,000 T2. 43843 W. Baker Drive, Rancho El Dorado............................................$280,000 T4. 41905 W. Lago St., Santa Rosa Springs.................................................$288,000 T4. 36350 W. Alhambra St., Tortosa................................................................$289,000 Source: MLS, Aug. 14 – Sept. 11