When should you consider investing in a rental property in Arizona? To optimize your financial future, take action today. Real estate investing represents a tested, well-established strategy for allowing money to work for you. To take full advantage of the time value of money, it helps to commence an investment plan as soon as possible.
Harness The Time Value of Money
For generations, investment advisors have encouraged the public to pay attention to “the time value of money”. Through compounding, a dollar today, when invested wisely, becomes two dollars in the future, and ten dollars a few years later. By carefully investing money now, you’ll discover you’ve amassed a retirement nest egg for your future enjoyment.
Yet this process involves a cautionary note. Spending money extravagantly today potentially robs eventual returns. You can’t generate a profit on investments you never make. That’s one reason a dollar at this very moment actually holds more value than it will twenty years from now. You possess the power to multiply it many times during the course of the next two decades!
Some Important Reasons to Invest
Of course, strong reasons underlie most personal money management programs. A variety of motivations inspire investment decisions. Perhaps you hope to retire early, and you need to develop the financial resources to make this dream a reality? Or maybe you’d like to provide sufficient funds to help your children graduate from college debt free? Perhaps you’ve always envisioned starting your own business? Would you like to take a fun-filled vacation to a distant place, or endow an important charity?
Investing money wisely today helps you achieve all these dreams and many others. It does require some financial self-discipline. Yet by beginning this process right now, you may discover you’ve achieved remarkable success in a much shorter period of time than you ever imagined possible!
Outline Your Investment Strategy
Of course, real estate investing offers a variety of ways to generate a nest egg. Some individuals prefer to purchase single-family houses. Others focus on acquiring vacation homes, or commercial real estate, or agricultural properties. The diversity of real estate offers many avenues for developing great property portfolios!
Experienced property managers today frequently recommend starting a realty wealth building program by buying residential real estate. Most people require housing, so landlords usually enjoy a high demand for leased premises. As you outline your investment strategy, you may find it helpful to consider this type of real estate.
Investing in Rental Properties
Investing money in real estate has developed a well-deserved reputation as a smart strategy. Why? Just consider a few reasons why so many savvy investors prefer to focus on accumulating residential properties:
Most people need housing;
Residential real estate often rises in value over the course of time;
Rents provide a steady, predictable stream of income;
An investor may repeat this investment strategy again and again.
Indeed, some people have created large fortunes through residential real estate investing. A carefully selected and managed investment property represents one of the safest and most desirable vehicles for wealth accumulation. Unlike intangible investments in stocks or bonds, land as a physical asset will always retain some value. Plus, housing fills a basic human need. It represents a safe, ethical type of investment property.
Why Choose Arizona?
Today residential real estate in Arizona attracts many investors. This state, the sixth largest in area, ranks 14th in terms of its population size. More than 7 million people live here. Residents enjoy a well-developed infrastructure and a diversified, vibrant economy. Many cities in Central Arizona support a rich cultural life, with numerous recreational, entertainment and educational opportunities.
Arizona holds other advantages as an investment location as well. The beautiful Southwest appeals to retirees. With its lovely desert vistas and sunny climate, the Grand Canyon State offers the benefits of low-cost solar power without the slip-and-fall hazards of icy winter weather and heavy extended snowfalls. An investor may reasonably anticipate a rising demand for some residential properties in the Greater Phoenix Area in the future, as a growing number of Baby Boomers approach retirement age.
An Ideal Home For Renting Out
Residential realty includes both single family homes and multi-family properties. Sometimes investors prefer to begin by purchasing individual units. As they gain experience and confidence, they may expand their search for properties to acquire multi-unit homes and apartment buildings.
If you’ve decided to embark on this process, you’ll want to give careful attention to the condition of the properties you consider purchasing. While some investors reap rewards by purchasing outdated or damaged homes and refurbishing them, others prefer to acquire realty in excellent condition.
It remains important to figure the costs of any repairs and renovations into your property acquisition expenses. You’ll also want to pay attention to recurring bills. Property owners pay many obligations: property taxes, Home Owners Association fees, and insurance expenses.
Additionally, as a landlord, you should anticipate regular, ongoing maintenance costs. Most landlords also incur fees advertising properties for lease and preparing them for new tenants. Investment properties should generate a profit despite these types of expenditures.
All The Real Estate Tools You Require
On Q specializes in the provision of experienced property management services in this part of Arizona. We’ve developed some sophisticated, accurate tools for helping investors. Use our On Q Flow process to help streamline your realty investment efforts. With the help of the On Q Cloud, we’ll keep you informed about the condition of your property on a 24/7 basis.
While residential real estate furnishes a great investment vehicle today, many landlords encounter obstacles to their plans when they begin the often challenging process of renting and managing their properties. We’ve worked hard to remove pitfalls encountered by some landlords. By delegating the tenant screening and property oversight responsibilities to us, you’ll enjoy turnkey ownership of your real estate.
Some Reasons to Select On Q
Make realty investing fun again by relying on our company! We’ll use the On Q Flow program to help you reach your financial objectives seamlessly. Who needs the hassle of fielding tenant complaints at inconvenient hours, or the frustration of waiting to show a home to a prospective renter who never shows up for the appointment?
With the assistance of On Q Flow, you’ll have the capability to implement powerful strategies for achieving your investment goals. Select us as your full-time property manager. We specialize in this aspect of real estate, and we do an excellent job!
Locate Great Tenants
Sometimes the task of screening applications submitted by prospective tenants proves daunting. We utilize the On Q Match program to help find qualified tenants for homes in the Greater Phoenix Area for landlords more easily. We offer the services of licensed real estate professionals, people who have gained experience showing properties and fielding questions from interested applicants.
Leased residential properties generate income for landlords; extended vacancies by contrast prove expensive. Yet when they entrust their real estate to tenants, landlords also accept risks. They hope they have located financially responsible, dependable tenants who will treat the property kindly. Let us help you populate your properties with the best-qualified renters using On Q Match.
As full-time property managers in the Phoenix Arizona Area, we’ve come to appreciate the invaluable assistance supplied by digital resources. During previous eras, managing leased properties often involved extensive paperwork and correspondence. Landlords sometimes hesitated to rely on professional management services because they might find themselves waiting for days (or weeks) to obtain accurate information about their real estate.
The Internet revolution has changed this situation dramatically. We keep landlords apprised in real time about efforts to manage and rent their properties in Arizona. With the touch of a button, you’ll receive timely updates from us about the condition of your real estate. Use the On Q Cloud to obtain detailed financial reports effortlessly upon request.
No Time Like The Present
If you’ve considered investing in real estate in this area, you’ll want to put the time value of money to work for you! By taking action as soon as possible to implement a well-researched realty investment plan, you’ll ensure you allow your investment capital to begin generating returns at the earliest date. You won’t miss opportunities because you waited to begin your search for suitable properties.
Contact us today for more information about implementing the On Q Flow process. We’ll gladly share our requirements with you. By focusing your search for residential realty carefully, you’ll optimize your efficiency right from the start. Simply call us at (480) 470-3906 to speak with a property management expert in Phoenix, Glendale, Queen City, Gilbert, Chandler, Scottsdale, Mesa, or Tempe. You can also send us a message via the convenient website inquiry form. We look forward to assisting you!