Episode Transcript
[00:00:02] Speaker A: Welcome to Short Term Shopping, where we explore homes for sale in the best vacation markets in America.
Some homes we do like, some homes we don't like.
Brought to you by the Short Term Shop, it's Short Term Shopping.
Welcome to technically first episode of Short Term Shopping, which of course, we've been doing this podcast for quite some time now. Leslie's actually already been on this show before, however, has been. It's. It's finally found its vibe and its groove, and now it's called Short Term Shopping. And I love it. And we've got a. We've gotten a lot of comments from folks saying we like it when you shop for properties on the podcast. So that's what we're doing and we've appropriately called it Short Term Shopping. So thank you for being here. And Leslie, we welcome. How are you?
[00:00:58] Speaker B: I'm doing well, thank you. Thank you for having me.
[00:01:01] Speaker A: Always a pleasure. Always a pleasure. Leslie is in Arizona specifically. Where do we like to sell houses, Leslie?
[00:01:10] Speaker B: I will go wherever my clients want me to go.
Specifically Scottsdale, Phoenix, Tempe is booming right now, but I traveled to Sedona and Flagstaff, Tucson.
Wherever my clients find a deal, I'll go.
[00:01:26] Speaker A: Okay, Tempe, I'm not very familiar with that. Now it's season right now.
[00:01:35] Speaker B: It's right on the border of Scottsdale.
Asu, our university, is there. So it's popular for its own reasons, but it's a great spot if you don't have or don't want to pay the Scottsdale price tag, but still be close enough to everything Scottsdale has to offer in terms of events and sports and, you know, things like that.
[00:02:00] Speaker A: Okay, I change. I changed my mind. I am familiar. It's a suburb. A suburb, basically. It's. It's right there. It's Phoenix, basically.
[00:02:07] Speaker B: Right outside. Yep.
[00:02:08] Speaker A: Hold on, hold on. Let's get folks going here.
All right. Simple as that. So there's Phoenix, Tempe, and we have Scottsdale here. Okay.
Now Sedona is pretty popular as well. I believe that's north.
Yes.
[00:02:24] Speaker B: Keep on going, Keep on going.
[00:02:25] Speaker A: Yeah, it's up there, right?
[00:02:27] Speaker B: It is.
[00:02:29] Speaker A: Do I have to zoom in a little bit more? Oh, there you go.
[00:02:31] Speaker B: Okay. There you go.
[00:02:33] Speaker A: Okay.
[00:02:34] Speaker B: And then it's about 45 minute drive to Flagstaff. So go up a little bit more.
There you are. There's Flagstaff.
[00:02:41] Speaker A: Is Flagstaff more of a city or.
[00:02:43] Speaker B: No, I mean, it definitely is. Another one of our universities is there, which is nau. So. So it's a popular college town.
The only real spot that you can go to see snow. Snowboarding, skiing at the Snow bowl right up there.
So it's popular for its own reasons.
[00:03:06] Speaker A: Wait a minute. What is nau?
[00:03:08] Speaker B: Northern Arizona University.
[00:03:10] Speaker A: Okay. All right.
[00:03:11] Speaker B: Home of the lumberjacks.
[00:03:13] Speaker A: The lumberjacks, yes. That's cool. All right, so now here's. Now this is my sort of take on this, and feel free to correct me with all the things I'm wrong with. Phoenix, Tempe, Scottsdale. This is a city. But they, for whatever reason, have decided they like overnight rentals, and they've become very friendly with it over the years. Now, obviously, there is. This does come with great regulation. There's a lot of regulation here, which is a good thing in all markets, we think, and it's very structured in your market. I've actually gone to the city's website and. And the county's website, and they have these YouTube videos showing you how to get your permit and all that, all that sort of stuff. They have one video that seems to be, like, the main thing, and it's like. If I remember correctly, it's like an hour and 10 minutes long, and it's two ladies that work for the city and or county, and they basically explain exactly how everything works as far as overnight rental. But it is a city here, right? And then we get further out, and then it seems to me like the Sedona area starts to kind of be the getaway area, where it's a little more isolated and, you know, like kind of out in the sticks kind of a thing. More beautiful, that type of a deal. Almost like the.
I hate to use the term the Hamptons of your area, but something like that.
Please correct all of the things I said wrong about that.
[00:04:33] Speaker B: No, it's spot on. I mean, it's definitely more considered a destination, like vacation getaway.
[00:04:41] Speaker A: Sedona.
[00:04:41] Speaker B: You mean Flagstaff? Yeah, Sedona and Flagstaff would be considered a little bit more of the vacation market within my market.
But I still feel like it's pretty busy year round, just like Scottsdale, for different reasons. Lots of locals will want to go during the weekends, throughout the year.
You know, we don't get a lot of. I mean, we don't get snow here in the Valley at all. So if ever we want to see snow, we're going up north to do that.
I'm a true Arizonan. I'm not used to snow. I. I barely just last year saw it fall from the sky ever.
[00:05:21] Speaker A: Oh, really?
[00:05:22] Speaker B: Yes. I. I'm like a true native Arizonan. Like I drove through a snowstorm for a client to go see a property in Sedona. First time driving in snow, first time seeing it fall from the sky, like, it was insane. I probably never want to do it again, but now I have four wheel drive, so I'm more open to it.
[00:05:42] Speaker A: Well, this is rare, I would assume. I never even dreamed it would snow in Arizona. It does.
[00:05:48] Speaker B: It definitely does. We actually had snow. I went to Flagstaff to view a property for a client last week, and it was at least, I don't know, 12 inches of snow. Like, I wore the wrong shoes for sure. I mean, it was insane. It was like. It's so crazy how the weather changes from one area of my. Of my market in our state to another. I was in Flagstaff, drove to Sedona, actually, for a final walk through. And I went from snow on the ground everywhere to patches in Sedona and then back to the valley where it was like 70 degrees. Beautiful weather, but totally different. I think I was. It was like 29 or 30 degrees when I was in Flagstaff. So, I mean, the weather temperature was just drastically changing every area that I was in that day.
[00:06:41] Speaker A: But in the summertime, you are red hot.
[00:06:44] Speaker B: We are. Flagstaff is a good about 30 degrees cooler even in the summertime.
You know, 120 here. And I was in Flagstaff last summer, and it was 78.
[00:06:58] Speaker A: 120.
[00:06:59] Speaker B: Yes, yes.
Dry heat, but 120.
[00:07:04] Speaker A: Yeah. I keep hearing this. Dry heat. And I'm like, what is he. But I live in Florida. I can't wrap my head around 120. That would be like, literally you would die. I mean, it'd be bad.
[00:07:16] Speaker B: But fun fact, People come to this state for our weather, and we still get visitors over the summer. We're still a vacation market in that aspect. You know, people still come during, you know, summer breaks to Scottsdale, to Sedona, to Flagstaff.
[00:07:34] Speaker A: And of course, a lot of people vacation or retire there.
[00:07:37] Speaker B: Yes. Yeah, lots of stuff.
[00:07:39] Speaker A: 120. Is that normal?
[00:07:41] Speaker B: Yes.
[00:07:42] Speaker A: Oh, my goodness. Again, I live in Florida. I can. I can't even begin to wrap my head around that because 103 in Florida is enough to make you just like, you know, I mean, you can't even leave the house.
Yeah. So to go 17 more than that.
Which, again, that's. That's pretty common here. You know, it's usually triple digits in July, August, and parts of September.
But we do have. We also have the beach, so there's that. But. But you have mountains okay, now we have lakes.
Yeah. And we don't want to sit here and small talk about the weather. But it is obviously very pertinent to what we're talking about here with these rentals.
Okay, so do you have some rentals you can show us? Let's do some shopping.
[00:08:26] Speaker B: Yeah.
[00:08:27] Speaker A: All right, let's go. Hold on.
Time to do some shopping. Let's go.
[00:08:34] Speaker B: Just chose a couple of what I know to be active short term rentals here in Scottsdale.
I tried to get into this one to view today actually with a client, but it is currently booked. So unfortunately you can't see it in person.
But this is pretty typical for, you know, Scottsdale. Maybe not so much the price point. We have quite a bit of price variation options when someone's looking to buy here. This is a little bit more higher end. So it is, you know, just under 1.6 million.
But this is a classic example of kind of what does well in this particular market. Pools are pretty much a non negotiable in the Valley, you know, not, not the same to donate and Flagstaff per se. But for Scottsdale, Phoenix, Tempe, anywhere in the Valley, you definitely don't want to purchase something that doesn't already have a pool. There's plenty to choose from. Yes, you could buy a property without a pool, but it's a large expense that isn't necessarily something that you would have to do right off the bat because there's so many to choose from that currently.
So with a pool, seven bedrooms is really hard to come by. That tells me that it is likely room additions to some extent. Most likely garage conversions or other types of conversions to make a seven bedroom.
It's pretty typical for four, really hard to come by for five plus unless it's, you know, a multimillion dollar property.
Heated pools do really well here. This one does have a heated pool. It also has the spa. So hot tubs, heated pools in combination with additional amenities outside really, really are wow factors here. I know not for every market, but here sports courts, pickleball is all the rave. I mean they do really well.
They're oftentimes the first ones to be booked. I'm actually going to see this next property today with a client. This one also has a heated pool. But I really think the spectacular thing and super unique factor about this property is the, the lazy river style pool that's really, really unique.
The water feature also adds like a wow factor.
Nicely updated modern types of properties rent really well.
I think that you could still get away with Cosmetic updates and maybe not like a full renovation.
See, they've kept some of this like Spanish tile, which I, I would imagine is probably a little bit more original to the build age of the property. But they've, they have designed it well to, to be able to be included in.
[00:11:30] Speaker A: Sorry, where is this? This, this is an hoa. What is this?
[00:11:33] Speaker B: Non HOA communities. So another here, another factor here is yes, we do have, you know, quite a bit of regulations, but they're all pretty straightforward. Like you mentioned previously, anything outside of an hoa, you're golden. You know, you don't really want to go into HOAS because at that point, you know, they have their own CC and rs. They can, they can regulate, they can have restrictions on short term rentals. 30 days is pretty typical if you buy in an HOA, but you know, in Sedona it can be as much as 60 and 90 days. So it really is important to find something outside of an HOA here. I know I do get clients that are looking for condos and townhomes and we can't get outside of HOA communities in those types of properties.
But I do have an ongoing list of those communities that don't have any restrictions and do allow short term rentals. So for a single family, I would say steer clear of HOA communities.
[00:12:37] Speaker A: But where, where is that, that tennis court located? I'm paying extra. Like I can buy into that.
[00:12:43] Speaker B: It's on the property.
[00:12:44] Speaker A: You're kidding. They have their own tennis court here?
[00:12:46] Speaker B: Yes, yes. Here, let me go back to the.
[00:12:48] Speaker A: Well, this starts to explain the. That's the house.
[00:12:51] Speaker B: That is the house.
[00:12:51] Speaker A: Oh my.
[00:12:52] Speaker B: This is the yard.
[00:12:53] Speaker A: This is a, this is a quite the house here.
[00:12:56] Speaker B: So you, you got some chests and one little corner.
[00:12:58] Speaker A: When I saw this picture, I never dreamed it was, you know, I just assumed, okay, where's this? Down the street, you know what I mean?
Right.
[00:13:06] Speaker B: They have a sauna. So like these are all the, the putting greens are really big here. I mean this property literally has it all, which is why I'm really excited to see it in person with, with the client that's in town today.
They don't, they don't often come become available properties like this that have everything.
So it's really exciting when, when it was shared with me, I was like, I definitely have to see this one.
[00:13:31] Speaker A: Okay, let me ask you this. Can, Would it make any sense to find a house like this with the big yard and do all this stuff? My is that.
[00:13:42] Speaker B: Yes, you know, definitely. So actually had a client who did that?
He purchased a pretty phenomenal property in this same area. So this is the zip code 85254. It's North Scottsdale.
I really like that area because property is a little bit newer, you know, newer build, 70s, 80s, 90s. Plus you can find a decent amount of non hoa communities.
And the lot sizes can tend to be a little bit larger, which would allow for something like this.
I had a client who bought a property that basically it just had the pool, it had an outdoor kitchen built and that was pretty much it.
Everything else was dirt. So he was able to build out a putting green, shuffleboard, bocce ball, an in ground trampoline, the pickleball court, slash basketball court, and he added a hot tub. And his property, from what I understand, did 500k in one year in revenue. Okay, so he built it out.
He did invest a couple of months. I think he purchased in August. And he went live the middle or beginning of October. And his first week he had about $73,000 in book.
But he also went live in like our pre peak season. So, you know, he, he hit the ground running.
[00:15:16] Speaker A: Okay, all right.
Would you say that this. Well, I have lots of questions. Would you say that this is priced. Is this. I'm sorry, is this the second one on your list there? Is this 1995 or is it the first?
[00:15:26] Speaker B: Yeah, okay.
[00:15:27] Speaker A: Yes, 1995. Where would you say the price is on this thing?
[00:15:31] Speaker B: You know, like, honestly, I've not seen.
I think the price is.
I think it's priced well.
This one has only been active for about 20 days.
It's been very limited in showings. I actually had to sneak in today because it's not available at the end of the week when we were initially wanting to view it because it's booked. So it's really hard to get into. And I feel fingers crossed that that is a benefit that we're able to sneak into it today because not a lot of people have been able to see it. So I do think it's priced accordingly. I do feel like this one will go quickly just because it has everything. It comes furnished. I mean, it's really ready to go and I've not seen for under 4 million a pool that has like a lazy river, you know, design to it. So I just think this one's really cool for a lot of different reasons. And then it's got the pickleball court. It's literally got everything.
[00:16:37] Speaker A: Are you suggesting to a certain extent that I can buy a house, do all this stuff? To it and turn it into a hot commodity. I mean, not so much. I don't want to use the word flip, but is that something that could be done?
[00:16:49] Speaker B: I've seen people do it. I've seen people take properties, you know, the ugly properties that needed updating, flip them and add some sort of amenity.
Usually the desirable one is a pickleball court. It's hard to find a lot size that will accommodate more than one type of outdoor amenity. So the fact that this one's kind of able to be contributed, dispersed with different angles of different things to do to be able to enjoy the outside weather, I feel is super unique. It's hard to come by. It's usually one big.
Besides the pool type of amenity, this one's got like four.
[00:17:36] Speaker A: Okay, if I'm shopping right now, this house is gorgeous.
But is it a deal? What do I. What do I offer on this thing? Sounds to me like you're saying I'm kind of have to. I may. May have to come in close to asking on this because it seems like it's hot. But what, what makes, you know, how do I get a deal here?
Or can I.
[00:18:01] Speaker B: I think that if a property has been sitting for a little bit longer than our average of about 35 to 45 days, especially in this price point, you may be able to get a deal. This one being so new and limited showings being available, I do see it going for right about asking, especially because it's already furnished. My market's a little unique because all asset classes can do really well here.
So a lot of the times, the listings that are available in the areas that I pull, so I'm very zip code specific. I don't just send everything in Scottsdale. I actually pull zip codes. You know, all of these zip codes that you see here are the ones that I include in my searches.
They don't always come furnished or the option to purchase the furniture on a separate bill of sale. So sometimes you'll see a really amazing property in a great location, but it's completely vacant. So you have to have a budget to furnish it. In that instance, you could probably get, you know, a little bit of. Of a deal because it's a completely vacant property, and maybe it was a flip and maybe they just want to sell it quickly. There's different reasons and factors on when I'm looking at properties with clients, what I would recommend for, you know, an offer price, and we'll just kind of discuss and see what makes the most sense to them. And. And we take it from there.
I also encourage, if the numbers work at a certain price, let's try. The worst they can say is no.
[00:19:33] Speaker A: Yeah.
[00:19:33] Speaker B: My goal as an agent is to always at least try and get open the lines of communication and at least try and get a counter. If it's a no, then what is it that you're looking for?
But I've been told to kick rocks before. Of course it is what it is.
[00:19:49] Speaker A: Yeah. What's the, what's the days on market on that one? It's brand new, I think you said.
[00:19:53] Speaker B: Yeah, I think it was like, let's see.
Oh, this one's only 14 days.
[00:20:00] Speaker A: 14.
[00:20:00] Speaker B: 14 days on market. And it's been pretty.
Pretty solidly booked.
[00:20:05] Speaker A: Okay. Yeah, that thing's hot. All right. All right, cool. Go ahead. Let's move on to the next one.
All right, I took your share off. You'll have to reshare.
[00:20:13] Speaker B: Okay.
So on this one, I pulled this one because I thought the backyard was also, you know, nicely done. This is a fully furnished, turnkey Airbnb, so everything you see here would convey.
It doesn't have a heated pool, but you can always, you know, with. With money, you can pretty much do anything to a property. So a heating component is about 7, 500 here upwards in cost, depending on, you know, the depth and the size of a pool.
But these are, you know, it's a very nicely decorated, aesthetically pleasing property. Those tend to do really well in Scottsdale. It does look like it has some updating, which again, is very nice for this market.
Anything ugly probably won't. Won't rent as well.
So it's really important to make things nice here.
[00:21:19] Speaker A: Okay, this, this is a much. This is less than half of the purchase price.
[00:21:23] Speaker B: Yes. But it is also a three bedroom, which is, which is pretty typical. And this is an old town property.
So the difference between old town is they're much older.
For some people, you know, build age matters. They don't really want anything, you know, 60s and 70s. And so those are the difference between north and south Scottsdale.
This is a lot closer to all of the nightlife and the restaurants and the shopping and, you know, the art galleries that, you know, Scottsdale's super known for.
So it's close proximity. A lot of the times you can. It's in walking distance to a lot of these, you know, vibey places, so to speak, and that's the appeal and draw to this area.
But the outside is nicely done. It's got some updating, it's got you know, some nice amenities, an outdoor kitchen, the pool, but that's about it. Like, there's no real space to add, obviously, like a sports court, but you can add outdoor games.
You know, we see a lot of. Like this one had.
I think it was ping pong. Yeah. So it had a ping pong table. You could do the. The cornhole game out there. You know, there's. There's.
Yeah, there it is. So you see that? Yeah. I mean, it's reasonable. It's a lot days on market interrupting you.
[00:22:48] Speaker A: Sorry. Avery hates when I do that. Days on market.
[00:22:52] Speaker B: Days on market. This one is 32 days.
[00:22:56] Speaker A: Okay. There might be a little wiggle room even.
[00:22:59] Speaker B: Fun fact, though, I've seen this one. I saw this one last year, like, November or December. So it obviously didn't sell. And so I know that there's probably a little bit more wiggle room. I've seen enough of these properties to know if they've tried to, you know, hit the market before.
And so, yeah, I feel like this one might have some wiggle room.
[00:23:21] Speaker A: Yeah. She's.
Or he. Or whoever.
[00:23:24] Speaker B: Yeah.
[00:23:25] Speaker A: Anyway, it's been listed again, basically.
[00:23:28] Speaker B: Right?
[00:23:28] Speaker A: Yeah. All right. Yeah, we got wiggle room there. The two bathrooms.
You know, I'm not super crazy about that, but at that price point, you know, you don't need to sleep. A ton of people here, I don't think, to make. Make a decent living off this thing.
As far as rents are concerned.
I mean, you could rent this thing for $100 a night in the off season if you had to. Yeah. And. And then, you know, get your money's worth in the. In the high season at that purchase price.
You know, I just bought a beach house at this exact. I think I paid 8A. I was just there because it's being redone. Paint and the whole thing, and it. And the season starts in, like, a week and a half. I paid 880something, and I'll have no problem renting that thing for. I know this is some. Some people love when we talk numbers. It does make me a little uncomfortable. But I'll rent it for 140 bucks if I have to somewhere in that neighborhood. 120 bucks if I. If I really have to. In January and February.
[00:24:28] Speaker B: Right.
[00:24:29] Speaker A: And then in the summertime, you know, I'll. I'll get.
You know, who knows? Probably it doesn't have a private pool like this does.
It's got a community pool across the street. But I could probably get 800 bucks for 4th of July, maybe 6700 bucks for July.
Somewhere in that neighborhood. So this is something to consider in these. In these hot markets like this, where the swing. You know, there's a little more seasonality. You have huge swings in price per night. Yeah. Way off topic. So this thing's been for sale on and off for quite a while. Purchase price seems to be, you know, Right. Somewhere in the wheelhouse. But the market is a little slow, so maybe we could throw a little lower offer at this thing if this was something we were interested in. Is that. Is that fair to say on this one?
[00:25:15] Speaker B: Yeah. Yes.
[00:25:16] Speaker A: Got it.
[00:25:17] Speaker B: I do believe that.
I also am a firm believer that any offer is better than no offer. And sometimes that's agreeable to the other side. A lot of the times, you know, other times they're like, yeah, no, we're firm. Go kick rocks. But I always try.
[00:25:35] Speaker A: Yeah.
So we're seeing this a lot right now. You know, this is. There are. Be honest with you. And again, I. I do want to mention one more time, I'm not a licensed real estate agent, never have been, but I buy a lot of real estate. That's why I'm here. Also married to one of the biggest real estate agents in history, and we're very proud of her. But there. There's only like four, maybe, probably three or four seller profiles right now, and this is one of them.
And I'll have Avery. I think Avery's cutting a podcast on seller profiles right now. I gave her that idea because I'm a brilliant genius with a YouTube award, but this is one of them. I won't get into the rest of them. This is the.
I've tried to sell it for about a year now.
I would like to see it go, but I can't. I think this is probably somebody that can't afford to go too much lower. In other words, they are probably getting a decent amount of rent here because of the pool and everything else. And it's renting and it's functional. And I would guess I'm gonna go way out on a limb and I'm have you answer this question that they bought this in 20 or 21, maybe 22. Do you know when they purchased it? Let's find when they purchased it.
[00:26:52] Speaker B: Do some digging.
[00:26:53] Speaker A: Let's do some digging.
[00:26:54] Speaker B: I will be able to tell you right now.
[00:26:59] Speaker A: All right, here we go.
I was right. There we go. I was a little off. 20, 23. So they would they pay. Can you tell me what they paid before I get into my speech here?
[00:27:13] Speaker B: Dun, dun, dun, dun.
[00:27:15] Speaker A: Don't make me get the cowbell out.
[00:27:17] Speaker B: Okay, so they bought it for 735.
[00:27:20] Speaker A: Okay. So they do have a little wiggle room. 23 was not the peak. By 23, we did start to see things somewhat cool off. Meaning not prices really, but they weren't selling as much, and now we are seeing prices come off a little bit. So they have a little wiggle room. Keep in mind, they do have to pay agents such as yourself, and they have to whatever taxes, closing my mortgage, blah, blah, blah. Who knows?
But this is a profile right now.
I was gonna stick this seller in the 20 to 21, maybe 22 bucket. We were real close at the 23.
This is pro seller profile. XYZ. Right. So right day on the right day at the right time, if you send them the right offer, they'll take it, right?
[00:28:06] Speaker B: Yeah, I'm actually.
I'm working on an offer right now where exactly what you said it was purchased in 2021. They bought it high because everyone was outbidding each other. Multiple offer situations. And they do not want to work on sales price at all. It's almost like they're firm. I got them to counter us, but there's no real wiggle room. I mean, they're just very firm because they bought high, and what we offered would have been below what they paid for it.
So I knew it was low, but I always say, like, let's just try. We never know what circumstances they're in. This is a divorce. So they are separated and they particular
[00:28:50] Speaker A: house or a different.
[00:28:51] Speaker B: It actually is.
[00:28:53] Speaker A: Oh, you have it here.
[00:28:54] Speaker B: I do have it. I was looking at it earlier.
[00:28:57] Speaker A: Okay, let's just move right into this divorce house.
[00:29:00] Speaker B: This is divorce house. Tempe. 499,900.
I'll share. We offered 430.
It has a pool. It comes.
[00:29:11] Speaker A: I'm a little offended that the seller found that number offensive. Offensive to me. That's a very respectable number.
[00:29:17] Speaker B: They were like, oh, we're too far off. We're not even going to counter. And I'm like, I think that's a mistake. I think you should counter.
[00:29:23] Speaker A: That is not.
No counter offer in my opinion. Hold on. What's the percentage on that? How much is that? That's not even 5% for. Okay, hold on.
Lord. What was the offer for 430.
Now you're making me do math.
Well, whatever that percentage is.7%, something like that.8%.
It's definitely. I mean, we're seeing a national average, I believe right now the national average is 8.2% under asking for actual closing price.
So that's just what's going on out there, Mr. Divorce Seller. So what are you gonna do? Hold on to this thing because.
[00:30:04] Speaker B: Well, and that's the thing. It's very conflicting.
They're, they're saying that they, you know, they want to divide their assets because they're getting a divorce, but the other side of them is, well, they got it for really, you know, they have a low payment because again, it was when interest rates were much lower, but they bought it high. So they're, they're not quite ready to drop price.
But, you know, I have a motivated buyer and they need to sell. So what's the problem?
To be determined. We shall see.
I'm still working on it.
[00:30:41] Speaker A: Yes. All right, well, tell me more about this divorce house. Is it still sitting there for sale?
[00:30:46] Speaker B: It is at the time of this recording. 38 days.
[00:30:49] Speaker A: 38 days.
[00:30:51] Speaker B: It's coming fully furnished because again, they really just want to sell it and be done with it.
You know, it's got a pool. It's a four bedroom in Tempe, which is really hard to come by. Most of them are three bedrooms. This one also has a detached garage. A lot of four bedrooms are because it's a garage conversion. So they've taken away the garage to add a bedroom. This one's a true four bedroom.
You know, it comes furnished.
It's already a short term rental. You know, it's ready to go.
It's a great area of asu. It's right by the university. It's right by Tempe Town Lake.
The entertainment district of Tempe is close by.
You know, it's a great little property.
There could be some cosmetic updating in it. That's one of the factors why we came in so low is, you know, room to improve the property. Plus, who doesn't want a deal?
So, yeah, we're working on trying to see if there's any, any room for additional negotiating.
[00:32:00] Speaker A: Got it. All right, cool. Show me another one.
[00:32:03] Speaker B: All right. So I did do high end as well.
I pulled this one up because it's new on the market.
Six bedrooms, six bathrooms, seven bedroom plus. So that means there, there's another room in there that could be utilized as a seven bedroom on, you know, Airbnb.
But it's a true six bedroom. It's only been on the market for a day. Furniture can be included in this property and it also has, you know, outside entertainment.
Great area.
It's in the magic zip code of Scottsdale So North Scottsdale.
But it's got that sports court, it's got a large kitchen.
[00:32:46] Speaker A: California closets.
[00:32:47] Speaker B: Yeah.
Yeah. Lots of built ins.
[00:32:51] Speaker A: Oh, wait, wait, hold on. Go back. Three. One more. Two, three. One. Yeah. Oh, look at that. Got yourself an office. Yep. That's cool. Floor's a little ugly there, but that's nice to have another office.
[00:33:03] Speaker B: Yeah, I mean it's a great big property.
[00:33:07] Speaker A: I look for that. For me personally if I'm looking for a buy a house here in Sedona or wherever this is Scottsdale.
[00:33:14] Speaker B: Yeah.
[00:33:16] Speaker A: If I'm buying a one off house in a town that I don't own other stuff in, it needs to be something that I'm going to stay in for two weeks at a time.
And if that for me personally, and if that's the case, I need an office. So this has got two of them. That's great. So that way you don't have to fight with the wife when you know, or not that I would ever fight with my wife, but fight, fight for the office space, you know.
[00:33:37] Speaker B: Right.
[00:33:38] Speaker A: Like I'm working today. Well, we're all working every day, so you know, two offices would be nice to have.
Okay.
[00:33:47] Speaker B: Very large backyard.
[00:33:48] Speaker A: Large backyard.
[00:33:49] Speaker B: Looks like lots of space.
[00:33:51] Speaker A: Is turf normal?
[00:33:53] Speaker B: Yeah, I mean I feel like if we can do turf conversions from like real grass, your, Your bills will be a lot digest. A lot more digestible. Especially in the summer it gets hot here and you know, if you can save on the water bill, why not.
[00:34:11] Speaker A: Is that tennis court next door?
[00:34:13] Speaker B: No, it's on the property.
It's just partitioned. It's got like a little gate.
[00:34:18] Speaker A: This is a large property. How much was, how big is the lot?
[00:34:22] Speaker B: Let's see, 30,000 square foot lot.
[00:34:28] Speaker A: 30.
Wait, wait, wait. Where is it? 30. 30,000?
[00:34:33] Speaker B: Yeah.
[00:34:33] Speaker A: Okay. How many? That's just under an acre, right? 30,000?
[00:34:37] Speaker B: Yeah, just under an acre.
I mean It's. It's a six bedroom, six bathroom.
It's a large property. It's 4,300 square foot interior.
[00:34:50] Speaker A: It is 0.7 acres.
[00:34:53] Speaker B: Yeah.
[00:34:53] Speaker A: To be exact, give or take.
I don't know about the 245 square feet, but anyway, this is super high end here. 3.1.
Okay.
[00:35:06] Speaker B: And it's in a great area. I mean this is a full sports court. I've seen half sports courts that still do. You know, they do the job but they wanted something and just didn't have the space. And so half sports courts are a thing.
But this is a full court, otherwise
[00:35:24] Speaker A: known as pickleball I suppose they would just call it a pickleball, right?
[00:35:27] Speaker B: Yeah, pickleball. This one doesn't have the basketball court, but a lot of the times we'll see pickleball and basketball in one.
Oh, it does. There it is right there.
[00:35:39] Speaker A: My kids are loving basketball right now.
Okay. All right. Well, we. Listen, we are talking. I'm having so much fun. We don't have that much time left. Let's look at another one.
[00:35:49] Speaker B: Okay, let's do this one. It's about half the price.
[00:35:56] Speaker A: Okay. We got a spa and a pool and waterfall situation. So it's a high dollar pool, but we got a. This is a brick ranch style home.
[00:36:04] Speaker B: Yes.
It's got a fireplace on the property, but that's about it. Like, there's no, there's no room for sports courts, which is fine. You don't always have to have a sports card. It's just you really want to do something and do it well.
The design is really nice. It's got some great curb appeal.
Could tell that it's been updated.
[00:36:36] Speaker A: Oh, that's a cool floor. Yeah.
[00:36:40] Speaker B: The wood looking tile.
[00:36:42] Speaker A: Hold on. I did want to point something out. These are all ready to go. Turnkey, everything here, basically. And I'm sure that if you were looking for something that was a value that you wanted to flip into something like this, you could find that as well. Is that correct?
[00:36:53] Speaker B: Absolutely. Yeah. I mean, I really wanted to showcase what our true vacation rentals on the market that are ready to go. Furnishings available.
[00:37:03] Speaker A: Yeah.
[00:37:04] Speaker B: But we have so many.
[00:37:06] Speaker A: Almost like, hey, these, these ones are doing it right. So let's find you one that is either like this and already doing it right or find one that we can turn into one that's doing it right.
[00:37:14] Speaker B: Right.
So, I mean, this one's a three bedroom, just over 1800 square feet inside. And the lot is just over 7800 square feet.
You know, a fraction of the size of some of the others that we've seen, but, you know, large enough for a pool, a spa. It has, you know, a great little entertainment center and a grassy area, and it still feels roomy. It doesn't feel squished. So, I mean, seven 8,000 square foot lots, they still are nice.
You don't have to have a large lot to do. Well, this one has an outdoor little kitchen built in. So, I mean, there's. There's quite a bit going on in this backyard as well.
[00:37:59] Speaker A: I like the big charger. That's a brick fence, isn't it?
[00:38:02] Speaker B: Yeah.
We get a Lot of the block.
[00:38:06] Speaker A: Block. Cinder block. Yeah. That's not cheap. That's expensive to do that.
[00:38:10] Speaker B: No, this one is a heated pool as well.
[00:38:14] Speaker A: So is that not.
[00:38:15] Speaker B: I mean, it's not a lot.
What's that?
[00:38:17] Speaker A: Is the heated pool not normal?
[00:38:20] Speaker B: It's hit and miss.
[00:38:21] Speaker A: Oh, really?
[00:38:22] Speaker B: I feel like in the market here, heated pools do really well.
But not all properties come with a heated pool.
[00:38:29] Speaker A: Really? Where I'm at down here on a beach in Florida, everything's got a heated pool.
And if it doesn't, it's not that hard to put it in. It'd be very rare. Because the only problem with it is you do need gas, in my opinion. You can do electric, but it's a lot. It's a lot and it's expensive. Yeah, because those things suck. A lot of power. But most houses already have gas here, so that the gas is probably the biggest issue. If you can't get gas, then don't do the pool heater down here.
Obviously, Florida is not Arizona, so. But that being said, almost everything here already has a heat, a heater, or you could just easily put one in. They might need to run some plumbing to it from the gas line, that kind of thing.
[00:39:14] Speaker B: It's usually easy to install here as well. Okay, so. And again, we have a good mix of both electric and gas at the properties. This one happens to be an electric pool heating system, but if. If there's gas lines, then you can definitely do a gas. And I agree. I think gas heats up a lot quicker.
It's probably a lot more cost efficient to have the gas. But I've seen quite a bit of electric and, you know, if you can get them on the remote services where you can control them from your phone, it makes it a lot more convenient.
But oftentimes, if that's just not an option, I always say just have someone on hand that can, you know, turn it on when, you know, a guest has paid for it and wants to utilize that. And more times than not, they do. If it's available, they'll use it.
[00:40:02] Speaker A: Yep, that's what we do. We charge 75 bucks a night and most people do want it. Sometimes they do it even in the summertime and we're like, no, you like.
It's a waste of everybody's time and money. It's not going to get as hot as the pool, in other words.
Actually down here it's probably there too. It's becoming common to see chillers on the pools.
[00:40:22] Speaker B: Oh, yep. Yes.
[00:40:24] Speaker A: Because June and July, it's it's warm, you know, and you want to kind of cool off a little bit. That water can get up to, you know, 85 degrees, which is not that bad. 85 degrees in the pool is perfect if it's, you know, March.
[00:40:38] Speaker B: Right.
[00:40:39] Speaker A: But not if it's July.
[00:40:42] Speaker B: Yeah. We have. I don't know if in your market, do you guys have pool aerators?
[00:40:47] Speaker A: I'm not sure. I don't know if I know that word.
[00:40:49] Speaker B: So we get a lot of the pool aerators here because it circulates the water so that in the summer when it's much warmer, the pool doesn't feel as hot because the water is constantly, like, circulating.
[00:41:04] Speaker A: Okay.
[00:41:04] Speaker B: So aerators do make a difference, but absolutely.
Chillers are also, like a.
A thing that would be a necessity maybe, or at least something to offer. Yeah.
[00:41:17] Speaker A: What did we look at? Let's look at. Look out time for maybe half of one more. So did we look at the 3.1? We already did the 3.1.
[00:41:24] Speaker B: We did the 3.1. Let's look at this one.
[00:41:26] Speaker A: Yes. We're gonna call this the high end Arizona show.
[00:41:28] Speaker B: I like that.
I feel like the last one I showed more, you know, reasonable pricing. This one's a little bit more high end, but six bedrooms, seven bathrooms, nine bedroom plus. So that means that somewhere in the house you can get up to nine bedrooms, which really, for me, I'm like, that's. That's. Wow.
[00:41:47] Speaker A: Like 6,000 square feet. This is huge.
[00:41:50] Speaker B: Huge. 46,000 square foot lot. So huge lot. Over an acre.
[00:41:55] Speaker A: A little over. Yeah. Over an acre.
[00:41:57] Speaker B: Yeah. Furniture is available with this one.
And I mean, it just screams resort, like backyard.
[00:42:06] Speaker A: That's a high end room.
[00:42:07] Speaker B: Look at this.
[00:42:09] Speaker A: Wow. Yeah, it's nice.
What is the driveway?
[00:42:13] Speaker B: This? It's like a semicircle.
[00:42:15] Speaker A: No, but it's like, what is that? Is it. Is it
[00:42:20] Speaker B: so concrete and that, like,
[00:42:22] Speaker A: is it black top that's cracked or did that. Is it big, giant stones?
[00:42:26] Speaker B: No, it's just cracked.
[00:42:28] Speaker A: Okay, I got you. All right,
[00:42:31] Speaker B: let me see what else about this one? Non hoa. Of course, everything that I'm showing is non hoa.
[00:42:35] Speaker A: Is that what I want?
[00:42:37] Speaker B: Absolutely.
[00:42:38] Speaker A: Okay, Don't. Don't do hoas in your market.
[00:42:41] Speaker B: No.
[00:42:41] Speaker A: Okay.
[00:42:42] Speaker B: This one has some nice mountain views, which, you know, that's pretty.
Outdoor shower. Looks like a little casita back there.
This is kind of the tile that I was talking about. It's original. It's, you know, the Mexican. I've learned to call it the Mexican tile.
[00:43:11] Speaker A: Is that right?
[00:43:12] Speaker B: But we call it the, you know, the Mexican tile.
But anyways, like, I think they've done a really good job keeping some original aspects of probably when it was built and, you know, updating kind of around it to give it a unique feel. Keeps the character and personality of the property.
[00:43:31] Speaker A: Saltillo. It's got an L. Salto.
[00:43:33] Speaker B: Yeah.
[00:43:34] Speaker A: This is very common in Santa Fe and Albuquerque and Taos.
Well, this is where I've seen it anyway.
[00:43:44] Speaker B: Lots of properties here and in Sedona actually have the Saltillo tile.
[00:43:50] Speaker A: Wow. This thing is a showstopper.
[00:43:52] Speaker B: It's beautiful. And it's for, you know, 500k less than, than the newest one that hit the market that I, I showed just a bit ago.
[00:44:00] Speaker A: 2.5 here. How long, how many days on market?
[00:44:04] Speaker B: This one has been on for 20 days.
[00:44:08] Speaker A: Okay. All right. Maybe not ready to wheel and deal yet. What'd they pay for it or they, they flip? We don't know, but we can tell by how much they paid for it.
[00:44:16] Speaker B: Okay, let's see this one. 20, 22.
[00:44:23] Speaker A: 1.6 22 for 1.69. Yeah. Okay. Something tells me they, they pumped a bunch of money into it. It probably did not look like this when they bought it.
[00:44:33] Speaker B: It does say that the sports court is newer.
[00:44:36] Speaker A: Yeah.
[00:44:36] Speaker B: Yeah. Brand new sports court, putting green, outdoor shower. So they did some outdoor amenities to this one.
[00:44:42] Speaker A: Love it. Well, listen, we're out of time. I appreciate it. I had a great time if time flew by. It's always fun looking at high dollar houses.
So thank you.
[00:44:51] Speaker B: How do we find you, Leslie, at theshortermshop.
[00:44:55] Speaker A: Com. Thank you so much and have a wonderful day.
[00:44:58] Speaker B: You too. Thank you.
[00:45:00] Speaker A: Bye now.
