Posts Tagged ‘long-term rental’

Trends In The Phoenix Rental Industry

April 28th, 2020 | By Claudia Moreno

Worrying about the unknown won’t get us very far, and these days there is a lot of unknowns. 

The Rental industry is no different than the rest of the world right now with all of the uncertainty and unknowns we are all experiencing. Nobody really knows where we will be a month from now or even a week from now at this point. 

 

Amanda Thomas, owner of Moxie Girl decided now would be a great time to team up with Ben Ellis, broker, and owner of E&G Real Estate and Property Management, and Brent McDonald, a lender with All Western Mortgage to discuss not only the trends they are seeing in the Phoenix rental industry but also going from short term rentals to long term rentals, selling your home, refinancing, and mortgage forbearance. 

 

Short Term Rental Industry Trends 

Homes are renting out still!

Get seen on all booking sights without lowering your prices. 

 

 

Long Term Rental Industry Trends & Home Buying Trends 

Ben Ellis, broker, and owner of E&G Real Estate and Property Management

  • Securing tenants for your long term rental property
  • Ensuring you get your home back in the condition which you rented it out
  • The ups and downs of running a long term rental property
  • The ups and downs of doing long term rentals during a global pandemic
  • What has changed and how to adjust your long term rental property in the midst of COVID-19
  • liabilities and owner responsibilities of managing a long term rental property

 

Brent McDonald, a lender with All Western Mortgage discuss the trends they are seeing in the rental and home buying industry.

  • What does it mean to go into forbearance and is now a good time?
  • The pros and cons of going into forbearance and what that will mean for your credit.
  • Rates in the market and where they are currently at, is it a good time to buy or sell your home?
  • Refinancing your home, what that could mean for you, your credit, and your mortgage rate.

Click HERE for more information on these topics from experts in these fields!

 

 

 

 

 

 

 

Mid-Stay Vacation Rental Cleaning

August 26th, 2019 | By Claudia Moreno

As we’ve noted in previous blogs, most recently “Vacation Rental Homes Only!” vacation rental home guests tend to get super-comfy after about day 3 of their stay – and this usually results in the need for a much deeper between-guest cleaning than a 2-3 day booking would require. 

What We Know

 

With our vast experience caring for vacation rental homes throughout the Phoenix area, Moxie Girl also sees more damage done to rental properties by longer-term guests than shorter-term vacation rental guests.

These are two of the big reasons many vacation rental homeowners are reluctant to allow long-term stays on their properties. However, summer does tend to be the season where guests are seeking more lengthy stays. Especially here in Phoenix, a multi-week or even longer occupancy is tempting to the vacation rental owner, since summer tends to be brutal and rental activity takes a hit.

 

The Benefits of Mid-Stay Vacation Rental Cleaning

 

One thing vacation rental homeowners allowing longer-term bookings this summer are doing to alleviate their concerns is scheduling “mid-stay” cleanings. Long-term guests really settle in and begin treating the vacation rental home as they would their own home…and since you probably don’t know what THEIR home looks like, it’s best just to expect that they may not clean the vacation rental at all during their stay.

 

A mid-stay cleaning will not only make the cleaning after the guests departure (hopefully) much easier and quicker, but it also allows the vacation rental homeowner to become aware of any suspicious activity, theft of or damage to the vacation rental or its contents while the guests are still there. 

Many long-term vacation rental guests see mid-stay cleanings as a perk! Just because a guest is messy doesn’t mean they don’t appreciate a clean space. Also knowing that professional cleaning is scheduled during their stay may prompt guests to live a little neater than they normally might.

 

Need a Moxie (or Want to BE One)?

 

If you’re a vacation rental homeowner in the Phoenix area CLICK HERE to find out how Moxie Girl’s team of vacation rental specialists can make your life easier. Moxie Girl currently cares for over 100 vacation rental homes throughout the Valley and we pride ourselves on our reputation for client satisfaction!

Moxie Girl’s vacation rental assistants enjoy flexible schedules, a supportive team environment and plenty of opportunities to grow! Interested in becoming a Moxie? CLICK HERE to tell us about yourself – we’ll be in touch soon!

 

Cleaning Your Vacation Rental Home – What’s It Actually Costing You?

October 9th, 2018 | By Claudia Moreno

As the Valley’s vacation rental home experts, Moxie Girl is well aware of the difference a professional cleaning can make in terms of, among other things, guest satisfaction. Guests may cut you some slack on a few things, but cleanliness isn’t one of them. As we recently explored in our Moxie Blog, “Review Killers,” a good guest experience may turn into a good – or even great – review, but a bad guest experience almost always translates to a bad review. 

As a vacation rental homeowner, you basically have three options when it comes to cleaning your property: DYI, hire an independent cleaning person or contract with a professional cleaning company. Of course, there are pros and cons to each.  It’s up to you as the property owner to decide what each of those individual pros and cons actually weigh in relation to your particular situation. Read on as Moxie Girl delivers important points you should take into consideration when making your selection.

“I’ll Do It Myself, Thanks”

Do you own one, or maybe a small handful of vacation rental properties? Do you consider the operation of your vacation rental properties to be your full-time job? Do you love to clean and do laundry? If you shouted a resounding “YES!” in answer to all three of these questions, then perhaps the do-it-yourself option really IS for you! After all, the #1 “pro” for DIY cleaning is more money in your pocket. Plus, you’ll have total control – you know the job will be done YOUR way since YOU will be doing the job!

Turning your own properties does have multiple downsides though. What happens should you have an illness or injury that would keep you from cleaning? What if an emergency required you to be out-of-town that day? And what if you had a “same day” turn scheduled – with only a few short hours between departing guests and new arrivals? A DIY vacation rental homeowner better have a “Plan B” that won’t leave guests hanging. Even a “Plan C” shouldn’t be considered overkill if you’re doing this on your own!

One more question…Would you yourself be interested in taking a vacation of your very own, ever again? Assuming your answer is “yes!” how will you make that happen without affecting your vacation rental home operation? It sure would be a shame to have all that extra money you saved by DIY cleaning – even after purchasing your own supplies – there in your pocket and no time to relax and spend it. Just sayin’.

“I Know a Guy” – Adventures in Independent Contracting

Since commencing operation of your vacation rental home(s) – even if it was just last week – you’ve probably received all sorts of solicitation for rental home services, including independent cleaners.  There certainly are a lot of them in the Valley, and their prices may seem very attractive, especially when compared to the price of a professional cleaning company. You may have yourself almost convinced that using an independent is the way to go.  Think of all the extra time you’ll have for other things when you don’t have to spend your day at a property or two, getting ready for your next check-ins.

More free time is certainly at the top of the “pro” list here. And since you’ll still be “the boss” you’ll still be in control of how and when the job gets done – or at least you’d like to think so. Independent cleaners often work for a variety of clients. So what’s to keep your cleaner from being busy elsewhere on a day you need them? Or worse yet – what if they bail on you last minute?  Just as with the DIY option, Moxie Girl advises you keep a “Plan B” at the ready if you’re choosing an independent cleaner.

But, your “indy” is still less expensive than a hiring a professional cleaning company, right? Probably – and there are reasons why that could be…First, a large percentage of freelancers carry no liability insurance and are not covered by a worker’s compensation policy. This means that if he or she has an accident or incurs an injury while on your job, you (and YOUR insurance) are likely to be held responsible. Yikes! Before hiring any independent contractors, it’s definitely a good idea to ask about – and verify – their coverage, if any. If they are legitimately covered, great! Ask for a copy of current insurance certificates for your files.

In addition to insurance matters, there are also tax implications should you choose to go the independent route and end up paying any one individual over the (current) IRS threshold of $2,100 during the year. Moxie Girl won’t bore you with the details, because…taxes. Snore. But trust us, you won’t want the IRS to have to explain it to you either.

If you’re the seasoned, business-savvy operator of a multiple vacation rental homes and already have your own tax and insurance ducks in a row, an individual cleaner may still be a good option for you – as long as you are willing to keep your Plan B (and possibly a Plan C) at the ready.

 

Going Pro

We’ll start out with what must be the most common “con” we hear: “Professional cleaning is so expensive.” But is it, really? Let’s take a look at what you get when you put Moxie Girl in charge of turning your vacation rental…

  1. No training or supply burdens! Because we are a professional cleaning company, our team members are professionally trained. Moxie Girl comes equipped with our own tools and supplies – and the knowledge and experience to make your vacation rental home look, feel and SMELL its guest-ready best! We use eco-friendly products and we’re happy to customize our services to best fit your needs.
  2. No tax or insurance worries! Moxie Girl is a registered employer in good standing with the state of Arizona. In addition to being in compliance with all tax and insurance requirements, we are also quite choosy when growing our team.  All Moxies are subject to a thorough background check!
  3. Total peace of mind! Imagine simply linking your vacation rental home platform calendar to the Moxie Girl schedule and never worrying about turning your property again. You can also count on Moxie Girl to immediately alert you to any damages or other unpleasantness we may find on the job, allowing for the quickest remedy possible. We even monitor your guest and property supplies – from dish soap to toilet paper – to make sure you never run out!

Wow! These, of course, are just the top 3 “pros” of choosing a professional cleaning company for your vacation rental home.  How much are they worth to you? And what about your guests – what benefit do they receive from a professionally cleaned rental? Well, we’re confident that a Moxie Girl cleaning will make your guests feel as though special care was taken to provide them with a sparkling clean and beautifully staged place to spend their time. And who doesn’t love special care?

Cleaning Fees – To Charge, or Not to Charge

You care enough to choose a professional cleaning company to service your vacation rental home – so don’t be afraid to highlight this selling point in your listing. If you’re one of the many vacation rental homeowners charging a cleaning fee in addition to rental rates, mentioning that your property is professionally cleaned between each booking may make that cleaning fee a little easier to swallow for a prospective guest.

Some vacation rental homeowners don’t charge a separate cleaning fee, choosing instead to “bake it in” the rental rate. This can make your rates seem higher than comparable properties in your area, but highlighting the fact that your property is professionally cleaned – especially in the absence of charging a separate cleaning fee – will definitely be seen as a classy upgrade!

Moxie Girl really IS the Valley’s vacation rental home specialist! Contact us for a FREE consultation and find out just how quickly and easily we can resolve your vacation rental home worries. From set-up to between-guest cleanings, Moxie Girl does it all!