All Forum Posts by: Jie Yu
Jie Yu has started 2 posts and replied 3 times.
Post: What's the last on STR restrictions in Phoenix/Scottsdale?
- Investor
- San Mateo, CA
- Posts 3
- Votes 4
Quote from @Brandon Dukeman:
Hi Jie,
Some areas in Phoenix/Scottsdale and surrounding areas are starting to implement the 30 day minimum rental restriction in hopes to reduce the amount of STR's vs a more primary residence. However, there is definitely a demand for the STR in these locations and there are many communities that do not have any restrictions on these rental minimum.
Definitely inquiring about the community CC&R's and regulations regarding the STR ability is recommended. I am seeing a lot of these restrictions in condo/townhome communities.
-Brandon
Thanks @Brandon Dukeman for the reply!
For single family homes with no HOA, will there be additional community CC&R's and regulations?
Post: What's the last on STR restrictions in Phoenix/Scottsdale?
- Investor
- San Mateo, CA
- Posts 3
- Votes 4
Hi folks, I'm considering getting a STR property in Phoenix/Scottsdale. Where can I learn about the latest on STR restrictions?
I heard some areas are going to restrict rentals (30 or 60 day minimum), like 85254 and 85260. I asked two friends who own STR properties there, but they are not aware of this.
The potential policy changes have been my primary concern on getting a STR here. Would appreciate any insights on this. Thanks.
Post: Looking to Buy a SFR in Phoenix Metro
- Investor
- San Mateo, CA
- Posts 3
- Votes 4
Hi all!
I'm a new investor from California. I'm looking to find my first SFH (3+b2b) investment property in the Phoenix area, as a long term buy and hold rental at 300k - 400k price range. I'm mostly looking at Glendale, Mesa and south / southwest Phoenix. Which neighborhoods do you think have good appreciation return in the future? Are there any other areas I should look into?
I want to ask about the South Mountain neighborhood (north of Baseline Rd) in particular. The commute to downtown is convenient, some communities look decent (at least from Google street map). Comparing to more established areas like Chandler and Gilbert, the rental income is similar while property value is only about 3/4. On the other hand, I read from some online article it is one of the worst neighborhood in Phoenix (source). Any local insights about this neighborhood? Is it an up and coming one?
Looking to get input from everyone and thanks in advance!