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2 Research the market Conduct thorough market research. Look at similar properties in your area to understand pricing and features. Tools like real estate websites can help you compare rental prices and see what amenities attract tenants. If your property is priced above the market rate, consider adjusting your rent to be more competitive. 3 Refine marketing strategies If your property isn’t getting the attention it deserves, it may be time to rethink your marketing approach. High-quality photos and compelling descriptions can make a significant difference. Highlight the unique features and benefits that set your property apart. Review your online listing and consider marketing the property on multiple platforms to reach a broader audience. 4 Be flexible with lease terms Offering flexible lease options can attract a wider range of tenants. Review the length of the lease term offered and consider allowing pets — this might appeal to renters who otherwise wouldn’t consider your property. Additionally, offering incentives like lower move-in costs can entice potential tenants. 5 Hire a professional property manager Property management companies do a great job getting properties rented. The cost of a property manager will be quickly recovered from the rent. You will save time and money and experience less stress than attempting to rent the property by yourself. These recommendations, when properly implemented, can turn your situation around and allow you to achieve success with your real estate investment. Contact Crest Premier Properties for any concerns or questions about managing your rental property.
Maricopa’s #1 Realtor
Over 500 Homes Sold in 5 years
Difficult-to- rent property? 5 suggestions for
Dayv Morgan ABR, CDPE, CSSPE OWNER, REALTOR ® �
Previous sale: $119,900 (2010)
should consider taking the following practical steps to help turn things around: 1 Evaluate your property’s appeal Start by objectively evaluating your property. Consider factors like location, condition and amenities. Are there any maintenance issues that need addressing? Does the property have a good curb appeal? A property that appears neglected can deter potential tenants. Give the property a fresh look by investing in necessary repairs, a fresh coat of paint or minor upgrades that can enhance appeal.
self-managed landlords BY SHERMAN AND EUPHEMIA WEEKES
705,000 $
22297 N. Celtic Ave.
June 28
M ANAGING A RENTAL PROPERTY can be challenging, especially when having difficulty renting a vacant property sitting on the market for a long time. A self-managed landlord facing this challenge should not be discouraged, but
This five-bedroom, three-and-a-half-bathroom Cobblestone Farms home boasts a movie theater and bar in the basement. The front door opens to a large dining room with vaulted ceilings and a table for 10. The living room features a gas fireplace and hardwood floors, and is connected to the gourmet kitchen, which sports another dining table and kitchen bar. The basement movie theater and bar are complemented by a pool table and third dining table with a U-shaped booth. The home sold for $10,000 below list price.
(480) 251-4231 • DayvMorgan@gmail.com MaricopaHomeSmart.com
Community: Cobblestone Farms Square feet: 4,019 sqft. Price per square foot: $175.42
Builder: Fulton Homes Year built: 2005 Bedrooms: 5 Bathrooms: 3.5
Maricopa resident since 2006
Lot size: 8,682 sqft. Days on market: 66
2. 41122 W. Hopper Drive, Homestead.....................................................................$681,000 3. 44570 W. Sedona Trail, Cobblestone Farms...................................................$590,000 4. 21004 N. Tumbleweed Road, Province..............................................................$564,000 5. 44427 W. Vineyard St., Cobblestone Farms....................................................$560,000
least expensive HOME SOLD
283,000 $
Quality Plumbing At A Fair Price
45665 W. Barbara Lane
June 11
(520) 509-7948 • Gas Lines
This two-story Maricopa Meadows home has three bedrooms and two- and-a-half bathrooms. The interior is well lit, with peach-colored walls and white couches, rugs and accents. The connected kitchen features honey oak cabinetry
See Us For All Your Plumbing Needs
• 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
Previous sale: $83,000 (2009)
with a view of the grassy backyard. Upstairs are two
bedrooms and a loft. The home sold for $17,000 below list price.
480-838-9558 crestpp@gmail.com CrestPPM.com 4625 S. Lakeshore Drive, Suite 300, Tempe
• LOCAL NEWS • TRAFFIC • CALENDAR • ADVERTISING • BUSINESS DIRECTORY
Community: Maricopa Meadows Square feet: 1,633 sqft. Price per square foot: $173.30
Builder: KB Homes Year built: 2007 Bedrooms: 3 Bathrooms: 2.5
Lot size: 5,176 sqft. Days on market: 59
HOURS: Mon-Fri. 8am-5pm Sat.
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2. 20524 N. Lemon Drop Drive, Province.....................................................$285,000 3. 42434 W. Santa Fe St., Glennwilde ............................................................$285,000 4. 41054 W. Sunland Drive, The Lakes at Rancho El Dorado ............$286,000 5. 36452 W. Velazquez Drive, Tortosa .......................................................... $288,000 Source: MLS, June 10 – July 14
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ROC# 259533
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InMaricopa.com | August 2024
August 2024 | InMaricopa.com
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