Areas in Gilbert/Chandler or other

Asked by J, Chandler, AZ Sat Mar 16, 2013

Hello - my wife and I are about to buy a house in the area for our US base. We plan to divide our time between the Arizona home and our overseas home. What we'd like to do is offer our place fully or partially furnished for short-term rentals (2-6 months but we're flexible because we can just go anytime) while we are not there.

We are wondering two things 1) where is demand highest for this? and 2) what surprises await for those starting to consider such a plan? We don't need income from the house but we'd like to perhaps offset taxes and maybe keep the house occupied.

We plan to pay cash for the house. We'd like 1) safe area, 2) quiet, 3) non-ostentatious living. Price for this home doesn't matter as much as those factors. If we rent we'd like a good screener to prevent anyone who's caused trouble in any place in the past from renting our place. We're in our mid-40s.

Is this plan feasible? Thanks in advance from J & S.

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Doug McVinua’s answer
Doug McVinua, Agent, Gilbert, AZ
Sun Mar 17, 2013
J & S

Your plan is feasible and logical, an area I would strongly suggest for you is the Ocotillo area of Chandler. Ocotillo is a nice area with amenities that make life enjoyable, close to freeways for accessibility, close to major shopping and employment centers.

Ocotillo would be an area that we could market and attract a corporate level individual that has an assignment for a few months that wants a nice place for a fairly short period of time. We are in a price bracket that helps to bring quality tenants that we will further screen with criminal, credit and eviction history to verify before we rent to them.

Ahwatukee would be another area to consider as well, very similar but closer to a mountain range that many really enjoy for the beauty, hiking and mountain biking.

Both areas are very nice with good amenities and quality of life for you that would also be attractive to a quality tenant for a short term executive rental.

Vacation rentals are also popular but can be harder on the property as they often are occupied by larger groups that want it for a week or 10 days at a time. Lots of turnover that is just harder on the house than a corporate tenant that wants 60 days or sometimes 6 months and is often one individual (the employee) with others visiting on occasion,.
0 votes
Tresha Matth…, Agent, Chandler, AZ
Mon Jul 1, 2013
I have a client from Washington that recently made this investment. The short term rentals are definitely in demand. It helps if they have a pool and some additional luxury features. You won't get much action during the summer months but you won't be able to keep it empty during the winter months. You can definitely offset the cost of ownership with the income from the short term rentals.
These short term rentals go for more than market for a regular rental as well. My client gets $1175/week for their 4 BR/ 2 Ba home with a pool and Jacuzzi. Take a look at VRBO.com to get an idea of what others are offering.
0 votes
Doug McVinua, Agent, Gilbert, AZ
Thu Jun 27, 2013
Good quality homes exist, it takes some filtering to find the good ones. You need an advocate in this situation that will tell you the whole story on a property before you spend money!
0 votes
I had a couple of inspections - whole house, pool, roof (x2) and termite. Too bad: I had the cash ready to go.
Flag Thu Jun 27, 2013
J, Home Buyer, Chandler, AZ
Thu Jun 27, 2013
Followup:
Thanks for everyone's answers --- as it turns out, inspections showed that this particular house has been severely neglected and needed all types of repairs, including roof work in two areas -- into the thousands of dollars. Everything else (changing filters, keeping things oiled/cleaned) has also been neglected and so many things (pool, ac units) would likely have short lifetimes. Even worse, their listing agent is bubble-infected. So, it was a no-go.
0 votes
Stephanie We…, Agent, Gilbert, AZ
Mon Mar 18, 2013
There are so many areas in the valley to choose including Scottsdale, Mesa, Gold Canyon, Gilbert, Chandler, Ahwatukee. 2 months would be a seasonal rental. Vacationers want good access to activities, restaurants and shopping. Since we're such a popular golf destination, that may be a good place to start especially if you golf and there are courses all over town. Find a property management company that can help you pre-screen your tenants and assist in all matters of the property including repairs, evictions (if necessary, etc) Think about the type of place you would like to rent for 2-6 months as a tenant and mirror that for a place to purchase. All the best!
0 votes
Patty Fisch, Agent, Gilbert, AZ
Sun Mar 17, 2013
Yes - Ocotillo/Chandler, Ahwatukee, and Gilbert have very nice areas as well as top rated schools making it a highly desirable area for families. There are several gated communities as well. There are local malls, movie theatres, restaurants, shopping, etc close by with large employers such as Intel, Bank of America, Wells Fargo, e-Bay as well as large community employers such as school and hospital. A new Banner MD Anderson Cancer center has also recently opened near Gilbert and bringing in Specialists in the medical field in anticipation of being a premier treatment facility. Information on crimes is easily available and you'll see as you visit - You'll find neighborhoods where you'll feel safe and neighbors look out for their neighborhoods.

I included some active homes on the market in the link below of homes with pools that may be appealing to you. I would be happy to talk with you to unit and more about what specifics you'd want to find...
0 votes
Shawn Schnoor, Agent, Gilbert, AZ
Sun Mar 17, 2013
Hello,

Here are a couple of links to aid in your home search.

http://www.DynamicResourceRealty.com
Here, you can search for homes using the same tools Realtors in the Chandler and Gilbert area have. In fact, we feature several popular communities and the searches are preset for you, all you need to do is review the results or make changes to specific amenities you are looking for. Gated communities might be of particular interest to you to limit some traffic from the public at large. Once you've found what you're looking for, feel free to use the contact us link on the site to inquire about additional help.

http://www.SpotCrime.com
Once you find a home, copy/paste the address here and you'll get a comprehensive look at what kind of polic activity is in that neighborhood via public records reports. This is a great site to see how safe a neighborhood may be.

If you'd like other resources, please don't hesitate to contact me, always happy to help.

shawnschnoor@gmail.com
Cell (480) 313-5758 Voice/Text
0 votes
Carlos Ramir…, Agent, Mesa, AZ
Sun Mar 17, 2013
Hi J & S,

Your plan is definitely feasible. I live, specialize and invest in the east valley (Chandle, Gilbert) and will gladly help you. Please give me a call to discuss your needs.

Carlos J Ramírez, PC
Broker/Realtor, ABR, CNE
Certified Negotiation Expert
602-512-5825 direct
602-749-6327 fax
http://www.SmartAZRealty.com
0 votes
Grace Adewumi, Agent, SCOTTSDALE, AZ
Sat Mar 16, 2013
Hello J & S,
The demand for short term rental is all over the Maricopa county area. Some people prefer Gilbert and chandler area. Please call or e mail me today and I would love to assist you in finding your dream home.
Thanks,
Grace Adewumi
Realty One Group
602-769-0890
gracea@realtyoneaz.com
http://www.house2buyorsell.com
0 votes
Patty Fisch, Agent, Gilbert, AZ
Sat Mar 16, 2013
Hi J&S,

Yes - there is definitely a market in AZ for seasonal rentals in the Chandler and Gilbert area. I have attached a link of such properties - you'll notice many are active as seasonal rentals will get leased multiple times per year. There are a few different type of folks - short term vacation, snowbirds (folks who come out October-March for warm weather), and temporary relocation assignments. Companies such as Intel are located in Arizona and regularly relocate employees from both domestic and international locations.

You may want to consider amenities such as lakefront, golf, swimming pool, spa, outdoor entertainment to make it appealing to the seasonal renter. You'll also notice some are in active adult communities.

Please feel free to contact me if you have any specific questions.
0 votes
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