Phoenix and Scottsdale are Ideal Locales for a Vacation Rental Property
It was the boom era. Everyone was buying real estate and then, well, do we have to tell you? Things didn’t work out exactly as planned.
With an entrepreneurial spirit and intent to cover that second, third or fourth mortgage, many investors are renting out their properties, thereby turning cash drains into cash cows. As a result, the vacation rental business is thriving and renting properties has become a great way to generate extra income.
Business analysts predict that these home-away-from-home vacation rentals will grow more and more appealing as travelers vie to save money when taking vacation trips for both business and pleasure. With travel budgets being cut, vacationers are looking for attractive properties that fit their price point.
Arizona has always been a major tourist destination drawing travelers from across the state, the country, and the globe to enjoy attractions and things to do from golf to The Grand Canyon. Scottsdale, in particular, is a major tourist draw, boasting over 100 art galleries, unique shopping boutiques, major hiking trails, and a wide array of cultural events.
With spectacular scenery, varied attractions and wonderful weather, Arizona vacation properties fill fast and are generating strong income streams for savvy real estate investors, who have pulled these single family homes and condos off the market to rent them out as vacation properties.
Often, a little tender loving care in the form of a remodeled kitchen or even something as simple as fresh carpeting and paint makes a property a great vacation home for both business and personal travelers. At Westbrook Vacation Rentals, we specialize in successfully turning your real estate properties (including apartments, condos and single family homes) into reliable income generators. We manage properties in all major Arizona cities including Phoenix, Scottsdale, Chandler, Tempe, Mesa, Sun City, Sun City West, Peoria and Gilbert. Call or e-mail us today to discuss how we might help you.