Cover Story | Patrick Allen

House Hacking: It's Never Been About Cash Flow

As investors, we live in pretty challenging times. Renters and would-be Home Buyers alike are still trying to find their feet (not to mention finding some Affordability…) after a surge in home prices and rental rates brought on during the Pandemic followed by a historic hike in interest rates in 2022 which sent mortgage rates from around 3% to over 7% in a 10-month period. The result: 30-year lows in homeowner affordability, extended weakness...[READ MORE]

Executive Director Message

Help Us Improve City Services: Share Your Water Service Experience

Michael Del Prete | AZREIA Executive Director

At AZREIA, our mission is to make real estate investing in Arizona easier and more successful. Unfortunately, many members are finding that dealing with the City of Phoenix Water Services is becoming a major obstacle instead of a simple step. We’ve heard reports of delayed service starts and stops, confusing processes, misrouted bills, and a lack of direct communication. These problems cost landlords time, frustrate tenants, and make it harder to do business......[READ MORE]

Building Homes for Different Life Stages

Andrew Bang | Boomerang Capital Partners

Who will live in the house you are working on? In Arizona, there are more young people, as a percentage of the population, and more old people as a percentage of the population, than in the rest of the US. Our median looks close to the same, but we have ‘bumps’ on the two ends. So, if you are working on an average or maybe slightly smaller than average house, are you building for the first-time home buyer? Or an older couple that is downsizing? Interestingly, both groups are....[READ MORE]

Buying an Arizona Rental?

Michael J. " McGirr | Phocus Law

5 Legal Questions to Ask Before You Make an Offer 1. Are there any hidden risks with this property? Even if a home looks great, ask about hidden risks you won’t catch on a quick walk‑through. Common issues include title defects (liens, ownership disputes, recording errors), unpaid taxes, boundary or survey problems, unpermitted work, HOA violations, and pending lawsuits. Have your lawyer and title company run a thorough title search, order title insurance, and.....[READ MORE]

Understand Insurance Payouts for Roofs

Derek Kartchner | Gila Insurance

Let’s start with the good news: the insurance market is stabilizing. Many carriers are lowering rates incrementally, but it’s happening. However, inflation has had a big impact, and companies are slow to return to the aggressive pricing of the “good ol’ days.” So, while rates are decreasing, insurers are also introducing new limitations. One of the biggest changes involves how they handle roof claims, particularly for wind and hail damage. Roof-related....[READ MORE]

AN EXPENSIVE FAIR HOUSING LAWSUIT

Mark Zinman | Zona Law Group

In last month’s AZREIA newsletter, we reported on a case cased Henderson v. Five Properties, LLC. In that case, the United States District Court for the Eastern District of Louisiana ruled in favor of the apartment management company in a case involving emotional support animals (ESAs) and held that the manager didn't have to waive a pet fee for an ESA. They cited insufficient documentation....[READ MORE]

Invest Your Retirement Savings with Pride

J.P. Dahdah | VantageIRA

Investing is typically not an area most people are confident in. In fact, anything surrounding money and financial matters tend to make people uncomfortable, stressed, and anxious....[READ MORE]

Deconstruction vs. Demolition: 4 Primary Benefits

Chuck Warshaver | Stardust

When a business and/or homeowner decides to rebuild or remodel an existing structure, they want to finish the project as soon as possible and at the lowest cost. At first glance, it seems easier and quicker to demolish the building....[READ MORE]

Agents, It's Time to Learn the Investor Playbook

Dan Noma Jr. | Easy Street Offers

Last week, I had the privilege of opening the Blueprint conference at the Venetian in Las Vegas, sharing the stage with some of the largest mortgage servicers and single-family rental (SFR) investors in the country. The conversations were candid, the data was eye-opening, and one theme was clear: agents who want to stay relevant must learn how to work with investors and bring them real value......[READ MORE]

Q&A: What Level Constitutes a Breach?

Mark Zinman | Zona Law Group

Question: A unit has what the resident feels is a cockroach infestation. The landlord does not feel it rises to the level of an infestation, but acknowledges that there is an ongoing pest presence. The landlord has been treating per the protocols of their pest control company, but the situation does not seem to be improving. If a resident issues the landlord a 5-day (or 10-day).....[READ MORE]

You Haven't Arrived - You've only Begun

Jason Powers | 1024Wealth

There is a thought process out there that, quite possibly, has limited the achievements of mankind more than any other, and it is dubbed, “The Arrival Syndrome.”

When I first heard about this, I think logically I knew that as just a human being, I had a predisposition to this syndrome. We all do. However, what we do about it is a different story. I used to have my phone navigation map talk me through directions.....[READ MORE]

What Drives Mineral Rights Values: A Complete Guide

Eckard Enterprises | Eckard Enterprises

Valuing mineral rights can feel like predicting your favorite team's season performance—there are countless variables at play, some changing by the day. Whether you're looking to buy, sell, or simply understand your current holdings, knowing what influences mineral rights values is crucial for making informed decisions.....[READ MORE]

Market Pulse & Equity Power: September Lending Update for Arizona Investors

Anderew Augustyniak | Neighborhood Loans

Market Update: Fed Cuts ≠ Mortgage Rate Cuts The Federal Reserve recently announced a rate cut, and while that grabbed headlines, it did not translate into an immediate drop in mortgage rates. Mortgage rates are driven by the bond market and investor demand, not the Fed Funds Rate directly. That means while short-term consumer debt (like credit cards or HELOCs tied to prime)......[READ MORE]

Unlock New Strategies at the Alt Asset Summit 2025

Nate Hare | Directed IRA

Arizona real estate investors know the value of being ahead of the curve. Market cycles shift, regulations change, and opportunities often appear in places most people aren’t looking. That’s why AZREIA is excited to share a unique opportunity with you: the Alt Asset Summit 2025, happening October 16–17 in Scottsdale, AZ. This two-day event brings together some of the country’s top experts in alternative investing.....[READ MORE]

Calling To All Investors

Maria Brandenburg & Janet Moe | Great American Title

According to LinkedIn News, Investors are swarming the housing market, as higher prices and mortgage interest rates discourage the individual home buyer. The investor segment accounts for 1/3 of purchases year to date, which results in the highest ever market share. Even smaller investor firms (owning under 100 homes) are able to make deals with anxious builders, as traditional buyers are reluctant.....[READ MORE]