Scottsdale Investment Properties

Demand For High-End Home Rentals Increases




Because HomeLovers manages hundreds of rental properties all across the Phoenix metro area, we have our thumb on the pulse of the home rental and investment market. We see trends as they begin to shift and evolve, which can be critical to the long-term success of our investor clients.




Rent in the range of $1,000 – $1,200 have been the market’s sweet spot for the last six months or so. Interestingly enough, the last few weeks have seen a major shift towards more expensive, larger rentals. Demand has picked up substantially for homes ranging in rent from $1,800 to $2,400. We aren’t seeing it just in Scottsdale – it is all over the Valley.




We like this! These more expensive rentals attract a different type of tenant.




They are business people who often make great tenants, perhaps coming out of foreclosure on a similar home. They have a homeowner mindset, instead of a renter mindset, and they take care of the property. Some are coming out of a very large mortgage payment, realizing they can get a similar property for 1/2-2/3 less money each month. Turnover is less, and maintenance is less.




Scottsdale Investment Property Remains A Strong Investment





Scottsdale is still a choice location for investors, especially when it comes to homes that rent for over $2,000/mo. Historically, it has shown very strong appreciation, which is a critical factor of any long-term property investment strategy. For example, the 85253 zip code in Scottsdale had an 80%+ appreciation over a five-year period, even including the price decline in 2008.




Much like a stock portfolio, diversifying the types of homes in an investment portfolio is very important.



Unless you are a speculative investor that prefers to flip properties and is investing for the short-term cash flow, true investing considers the long-term gains. While cash flow can be good for the low-end properties, they just don’t appreciate as much as the mid- to high-end properties can. This appreciation is critical in building wealth.


Including a few higher-end homes, such as those in Scottsdale, can be a very smart move.



For details on diversifying your investment portfolio for maximum long-term profit, give us a call to schedule your free consultation today at     602.792.5324    602.792.5324     602.792.5324 .









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