All Forum Posts by: Bob Willis

Hey Phoenix Investors,

Just looking at the area around Moon Valley Country Club. Anyone doing any investing here? It looks like there are some potential opportunities for Fix N Flips (obviously market conditions are fluid right now). But wondered if anyone has targeted this area and wondered what kind of results you had.

Happy Monday!

Bob

What @Andrew Street said. All linens replaced, all surfaces sanitized. Make sure the refrigerator is spotless. Lastly, bathrooms, bathrooms, must be spotless. We treat it like it would be us coming in after someone has left. Fortunately I have a GREAT cleaner. This is the biggest key to low-stress STR ownership. They will be your eyes and ears in the property. Good luck.

What would have made this deal work for you? A lower price? Are you saying you could not have gotten the $700/month/unit you initially thought? Just curious. 

@Jason Gilbert I've worked remotely in a small Nebraska town (900 people, largest town in the county, nearest fast food 40 miles away) in the western part of the state for the past 15 years. So the definition of rural where I am at, and the definition of rural where you are at might be different. I have been in the software/technology business the entire time. Anyway, it has been the dream, hope, and aspiration of the local chamber and economic development corp to lure more people like me to the area. But, it has never worked (how I got here is a long story, and I was not someone looking to move to the country when we came here) out that way. This despite the fact that there is little to no crime (I am not joking), the air is clean, the water is clean, you can see the stars at night. If you have children in school you will know every other child in your kid's class, you will also know their parents...

There is a small ag college here in town and that has kept the rental market thriving here. 

I think being 25 minutes outside the city would also allow you to find tenants from the city but don't want to be in the city. I think younger people (students etc) are more prone to be interested in renting a room in a house. Is there a college or university in the city where you could advertise to students? 

This has been going on for years. See this story from four years ago - https://www.azcentral.com/stor... Former VP Dan Quayle was part of a group snatching up homes in Phoenix.

Have you tried Schlage, I am not sure how many locks you can control through the app. But I love mine.

I believe you will need to do in-market deals with an agent before they would come to you with an off-market deal. What is the motivation for an agent to give you an off-market deal? My personal experience has been that I did 5-6 deals with an agent, then suddenly they approached me with an off-market deal. I had not expected it, nor did I ask for it. But you know what - I had $50k equity instantly from the deal. 

Congratulations - what exactly does deferred MX considerations mean? How did you go about the rent appreciation, did you increase those in place, or charge more for new tenants as they came in?