1. Higher Income Potential One of the biggest draws of STRs is the potential for significantly higher revenue compared to long-term leases. In peak tourist seasons—especially during winter months when visitors flock to Arizona for its mild weather—nightly rates can add up quickly. Major events such as the Waste Management Phoenix Open, MLB Spring Training, [...]
As a landlord in Arizona, especially in the fast-moving markets of Phoenix, Tempe, Mesa, and beyond, knowing how to handle lease renewals and rent increases is essential to maintaining profitability while fostering long-term tenant relationships. With rising property taxes, increased maintenance costs, and inflation impacting operating budgets, landlords may feel pressure to raise rents—but doing [...]
The demand for sustainable real estate practices is no longer a passing trend—it’s an essential part of smart property management, particularly in arid regions like Phoenix, Arizona. With extreme heat, limited water resources, and increasing utility costs, the Desert Southwest presents unique challenges for property owners and investors. But those challenges also bring opportunities. Sustainability [...]
Investing in commercial real estate is one of the most strategic ways to build wealth and secure financial stability. Unlike residential real estate, commercial properties offer unique advantages that make them an attractive option for investors looking to diversify their portfolios and generate steady income. At Bellagio Real Estate, we specialize in helping investors navigate [...]
Whether you’re a first-time investor, a small business owner, or a property manager in the Phoenix metro area, understanding the differences between commercial and residential lease negotiations is critical to making informed real estate decisions. While both types of leases involve the use of real property, the negotiation process, legal structures, and tenant-landlord dynamics differ [...]
Investing in real estate is often seen as a relatively stable and rewarding path to building wealth. However, stability doesn’t mean immunity from risk—especially in a dynamic market like Arizona’s. Whether you’re purchasing a commercial building in downtown Phoenix, leasing out a multi-family property in Tempe, or flipping a residential home in Glendale, every deal [...]
Finding the perfect property for your business is no small task. Whether you're opening a retail store, leasing an office, or acquiring a warehouse, the right property can make all the difference in your business's success. Here’s a step-by-step guide to help you through the process. Define Your Needs and Budget Before you start looking [...]
Property taxes are a critical—yet often misunderstood—element of real estate investment, especially in a diverse and fast-growing market like Arizona. Whether you’re buying your first rental home in Glendale, acquiring a multifamily complex in Tempe, or expanding a commercial portfolio in downtown Phoenix, understanding how property taxes work can make or break your investment returns. [...]
When it comes to buying or selling real estate, there’s no shortage of advice and opinions. Unfortunately, much of what you hear may be based on outdated or incorrect information. Believing these real estate myths can lead to costly mistakes. Let’s set the record straight by debunking five common real estate myths. Myth 1: You [...]
As the rental market evolves, so do the preferences and expectations of tenants. Understanding what renters value most can make a significant difference in attracting high-quality tenants and minimizing vacancy rates. In 2024, lifestyle trends, technology, and sustainability continue to shape what renters are looking for in their homes. Here’s a detailed look at the [...]
