Ryan Hoover, Associate Broker
West USA Realty
7077 E. Marilyn Rd 4, Suite 130
Scottsdale, AZ 85254
Born in Phoenix back in 1984, I have spent my entire life in the Grand Canyon State. Growing up as a second generation Arizona native has exposed me to all of the amazing things that my state has to offer. For me it has all been about experiences and challenging myself. That is why I have been involved with such a wide variety of hobbies, such as camping, hiking, hunting, fishing, golf, skiing, snowboarding, skateboarding, sports, fitness, and Brazilian Jiu-jitsu, to name a few! No matter what your passion is, we have something here for you. Now I have the opportunity to share all of those experiences with my children and also my clients!
I put my money where my mouth is! Don’t take investment advice from a real estate agent that has never owned a rental property. I purchased my first investment property in 2011 and have been hooked ever since. I now invest in short term vacation rentals and stable long term rental properties.
Short term rentals are a great strategy to maximize your potential profit from a property. Arizona has a very healthy amount of seasonal visitors who pay top dollar for fully furnished homes during the peak months. Whether its snowbirds coming to the Phoenix area during late winter/early spring or travelers heading to Northern Arizona to escape the summer heat, these guests often pay 3x more than the average area rent!
Long term rentals can be a great way to strengthen your investment portfolio or even achieve that early retirement. Too many people get caught up in monthly cash flow and end up buying in locations that come with a lot more risk and have very low appreciation. Don’t get me wrong, cash flow is great, but it is only one part of the equation. The real magic happens when you combine the benefits of someone else paying down your mortgage, appreciation, and cash flow, with the tax savings of interest payment deductions and depreciation.