Or have a slow period of vacancies? Can you afford that? What happens if home More importantly: what happens if you can’t rent it out right away You need toįactor in costs like utility bills, cleaning services, landscaping, pool serviceĪnd repairs. Owning an Airbnb investment property is no different. List price of a home or condo is just the beginning of a laundry list ofĮxpenses. Most new homeowners quickly find out that the Fees pile up before your 1 st guest books Policy for properties in the development. Term rental and in the HOA disclosure forms allow a 3 months minimum rental Single family home developments in Scottsdale, Phoenix, Tempe restrict short Many of the new high rise condo developments and new You must find out – Does the Homeowners association allowįor short term rentals? If you decided on a single family home, make sure to Read the fine print on your HOA or CC&RsĪ Single family home. Arizona Mayors Band Together in Fight Against Short-Term Rentalsģ.But Scottsdale struggles to enforce strict rule for Airbnb and other vacation rentals … Examine the local ordinances and rules. The biggest threat to the short-term rental business is swift-changing local laws that limit their use.
Doug Ducey on Tuesday signed a bill allowing for more regulations of short-term rental operators in the state… AZCentral. “Neighbors struggling with grief from short-term rentals will soon get a reprieve. Scottsdale, Arizona has seen its fair share of nightmare Airbnb stories. Have a sec read my 3 tips for buying condos… 2. But then you must factor HOA fees and HOA regulations and rules. Will you be buying a house or a condo (townhomes and lofts included) as a short-term rental investment? Condos will allow you to get into locations like old town, Kierland, downtown, mill ave, Tempe town lake ((Scottsdale, Tempe, Phoenix) at a lesser price of a single family home. Here are 8 Things to Consider Before Buying a Scottsdale Airbnb Investment. But you really need to understand what you’re getting into and realize that because this is all still fairly new, the rules are changing, and you also could lose money especially in the beginning.” “There is indeed money to be made in the Airbnb and short term/vacation rental market especially during the season. “It can be,” says Juan Pesquiera, Realtor at Attorneys Realty. Is Scottsdale, Arizona a good idea toīuy a property dedicated to short-term housing? Out their own homes, condos, or townhomes offering unique lodging to touristsĪt rates sometimes cheaper than hotels. Vacation rental websites such Airbnb, HomeAway or VRBO (.com) is making it easy for property owners to rent
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