All Forum Posts by: Deonte Brown

In most, if not all, municipalities across America, the property taxes for investment properties are higher. This is due to the Homestead exemption that is placed on owner-occupant properties. The homestead exemption is a tax break for owner-occupant homes. Therefore, when you move out of a house and turn it into an investment property, you should contact your assessor and update your property tax classification. Failing to do so can be viewed as a criminal offense.

Send me a private message; I may be able to help you get your taxes reduced.

Hi @Vivian Le - I am a Realtor. I was born and raised in Indianapolis. I can help pair you with you a property manager. Shoot me a message; let's schedule a quick call to discuss.

Hi @Cody Dastrup there are a number of communities that allow short-term rentals. I believe I may be able to compile a list of properties. Shoot me a message and let's schedule a time to discuss how I can help!

Hi Jason. I know a property manager I can connect you with. It's all they do and I trust their work.

Hi @Jagpreet Singh! Happy New Year. I am born and raised in Indy and can help you with that market. I can also help with other markets. Feel free to send me a message, if you'd like to set up a time to speak on this further!

Hi @CJ Francoeur. I would be glad to hop on a call to talk about investing in the south Indy area. Let me know whenever you're free!

I sent you a private message.

@Barak Duanias It is a huge ask for a licensed professional to provide you with the information you request without a formal relationship. Due to the nature and size of the investment, I wholeheartedly recommend you reconsider establishing a relationship with a licensed professional. I work in the Atlanta area can help you with this endeavor.

Nonetheless, I wish you nothing but success. Happy New Year!

@Account Closed While I have not seen that particular article, I have known that Scottsdale, along with other Arizona municipalities trying to circumvent the law. Your quoted article further highlights that it is unlawful for cities and towns from prohibiting short-term rentals.

Your article further highlights that the only thing a municipality can lawfully do is add additional hops to operate a short-term rental legally. Scottsdale requires the owner to provide emergency contact information to the city and assess a fine to the property owner if they don't. However, that alone does not outlaw or ban short-term rentals. Scottsdale even realizes that is not enough to stop short-term rentals, hence their efforts to get laws in place at the state level to aid them. Unfortunately, those efforts have even proved to be unsuccessful.

I would recommend a wise investor, such as Robb, to be lawful and simply give emergency contact information to the city. I would further recommend a wise investor to hire a licensed property manager who specializes in short-term rentals to manage your investment(s), especially for someone who resides out of state from said investment(s). I work with a licensed property manager who solely manages short-term rentals and is versed in the state law and municipal code. It would be smart to give your Property Manager's contact information as the emergency contact to satisfy Scottsdale's ineffective municipal code. The Property Manager will then contact you in the event of a true emergency.

Here is a link to the article for the other fellow BP members who are curious to know what the article says. Mike's link requires a subscription.

Link: https://drive.google.com/file/...

In conclusion, many large municipalities, if not all, have some sort of regulations for rental property, both short-term and long-term. Arizona is no different, as the state of Arizona requires you to declare your property as a rental to the county assessor for your property taxes. In this case, I would not fear the City of Scottsdale. I would fear a home owner's association because their hands are not tied to ARS 9-500.39, and in my opinion, HOAs get away with too much.

I recently saw an article that the city of Scottsdale is revisiting the requirements and restrictions for STR in the city. Seems there are over 4,000 STRs in Scottsdale alone, not counting the rest of AZ and some neighbors believe that is infringing on their right to quiet possession. Anytime the city gets involved, it doesn't help the investor. ;-)

Hi Mike

Arizona Law prohibits cities and towns from prohibiting short-term rentals, including Airbnbs. The statue is 9-500.39. There is an abundance of short-term rentals in Scottsdale; in fact, if you search short-term rentals within the Phoenix Metro area, you will find the majority of them being in Scottsdale. I have included the link to the statue below.

https://www.azleg.gov/viewdocu...

If you have are interested in investing in the state of Arizona, or any other market, let me know. I would be glad to help!