{"id":17666,"date":"2020-12-31T10:38:44","date_gmt":"2020-12-31T17:38:44","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=17666"},"modified":"2020-12-31T10:38:44","modified_gmt":"2020-12-31T17:38:44","slug":"bloodhounds-end-of-year-letter-to-our-rental-property-investors-thriving-by-surprise","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17666\/bloodhounds-end-of-year-letter-to-our-rental-property-investors-thriving-by-surprise\/","title":{"rendered":"Bloodhound\u2019s end-of-year letter to our rental-property investors: Thriving by\u00a0surprise."},"content":{"rendered":"

\"\"I have four listings in the hopper, and the whole first quarter looks strong. So far, I am unable to rid myself of the NAR, but I’ll be working on the problem as I go. I don’t need ARMLS for rentals \u2013 Zillow alone is better for us \u2013 and I may move to the supply side to ditch my blood-thirsty familiar.<\/p>\n

Meanwhile, here is our year-end wrap-up for our rental-home investors:<\/p>\n

To our investors:<\/p>\n

Well. That was new.<\/p>\n

I know this is not the case everywhere, but Phoenix has weathered the virus fairly well. We didn’t go overboard on restrictions, so the economy has fared well. Meanwhile, we are importing people from all over the country, so rents are great and resale is insane. Assuming the Republic does not fall apart, I expect those trends to continue in the near term.<\/p>\n

In our own little world, we had a normal year. I drove less, but everything else was nominal: Easy turnovers and quick rentals, with no failures to pay from our residents. We sold one rental property: We listed at $280k, $5k above where I saw it selling. Instead we got $290k, all cash, no repairs \u2013 with almost no prep work to begin with.<\/p>\n

That’s cool, but it won’t last. If we had a national real estate market, I would say we are at or near the top of it. But since values in Phoenix rise as they drop elsewhere, I have no idea where our market will turn. The bellwethers would be builders abating demand and lenders raising interest rates.<\/p>\n

The other factor to consider is simply volatility \u2013 a subject that should never come up in real estate. It may behoove you to consider banking the win now if you have a way \u2013 ideally tax-deferred \u2013 to move the money into a safer investment.<\/p>\n

Meanwhile, we press on regardless: Rents will be steadily higher until demand subsides. Eventually we will pay for this year’s spending, but the sun is likely to shine on Phoenix that way, as well.<\/p>\n

We are beyond delighted to work with you, and we are looking forward to another great year.<\/p>\n

With Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

I have four listings in the hopper, and the whole first quarter looks strong. So far, I am unable to rid myself of the NAR, but I’ll be working on the problem as I go. I don’t need ARMLS for rentals \u2013 Zillow alone is better for us \u2013 and I may move to the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,6,5],"tags":[],"class_list":{"0":"post-17666","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17003,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17003\/a-note-to-our-rental-home-investors-influx-just-lacks-majesty-but-its-the-upside-of-an-exodus\/","url_meta":{"origin":17666,"position":0},"title":"A note to our rental-home investors: Influx just lacks majesty, but it\u2019s the upside of an exodus.","author":"Greg Swann","date":"September 13, 2020","format":false,"excerpt":"Me today to our buy-and-hold rental property investors: It's not well-reported, except in the form of secondary evidence like U-Haul rates and MLS listings and closings, but very-vertical cities are emptying themselves to the benefit of very-horizontal communities. Congratulate yourself again for investing in Phoenix, the world's largest suburb. At\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/erda-estremera-sxNt9g77PE0-unsplash-480x319.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15768,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15768\/dont-you-love-reading-all-that-good-news-about-the-the-phoenix-real-estate-markets-recovery-guess-what-youre-being-lied-to-as-always\/","url_meta":{"origin":17666,"position":1},"title":"Don’t you love reading all that good news about the the Phoenix real estate market’s recovery? Guess what? You’re being lied to — as always.","author":"Greg Swann","date":"March 21, 2012","format":false,"excerpt":"This is what's really happening: FannieMae and FreddieMac are holding foreclosed houses off the market, in anticipation of \"selling\" them to campaign donors. Meanwhile, the town is being picked clean, with prices being bid up by buyers convinced that houses are going out of style -- a story we've heard\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3253,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3253\/investors-are-coming-back-to-the-phoenix-rental-home-market-and-with-the-right-business-plan-theyll-make-money\/","url_meta":{"origin":17666,"position":2},"title":"Investors are coming back to the Phoenix rental home market — and with the right business plan they’ll make money","author":"Greg Swann","date":"June 21, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Investors are coming back to the Phoenix rental home market -- and with the right business plan they'll make money Rental home investors are coming back into the Phoenix real estate market, and this is a good\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16676,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16676\/eight-reasons-to-own-vacation-rental-properties\/","url_meta":{"origin":17666,"position":3},"title":"Eight reasons to own vacation rental properties","author":"Brian Brady","date":"August 24, 2020","format":false,"excerpt":"While we earn most of our money from our mortgage brokerage business, I started helping investors buy real estate some 5 years ago.\u00a0 Working in San Diego, I have seen just how profitable vacation ownership has been for long-term investors.\u00a0 If you follow me on any of my social sites,\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/roberto-nickson-so3wgJLwDxo-unsplash-320x480.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10766,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10766\/are-the-uninformed-chatterboxes-in-your-area-insisting-that-the-real-estate-market-has-recovered-you-may-want-to-defer-the-celebration-even-so-this-could-be-the-golden-moment-for-investors-in-phoen\/","url_meta":{"origin":17666,"position":4},"title":"Are the uninformed chatterboxes in your area insisting that the real estate market has recovered? You may want to defer the celebration. Even so, this could be the golden moment for investors in Phoenix.","author":"Greg Swann","date":"January 5, 2010","format":false,"excerpt":"I've known for six months or more that there was a sweet spot on the horizon for investors and other highly-solvent buyers. That event was delayed by the first-time home-buyer's tax credit. Today's news about declines in the number of pending purchase contracts is a symptom of the market returning\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13288,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13288\/real-estate-investment-tips\/","url_meta":{"origin":17666,"position":5},"title":"Real Estate Investment Tips","author":"Tony Sena","date":"September 20, 2010","format":false,"excerpt":"Finding a \u201cbargain\u201d property to purchase for rental purposes takes some analytical skills, market knowledge, and a real estate agent who is in sync with your investment goals. Some investors would consider the ideal rental property to be a three- bedroom, two-bath house in good repair, or needing minor touch-ups\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=17666"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17666\/revisions"}],"predecessor-version":[{"id":17668,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/17666\/revisions\/17668"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=17666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=17666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=17666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}