A Second Wind for Metro Phoenix The Greater Phoenix housing market is healthier now than at any time since 2005 with a clear advantage for sellers over buyers in most areas. The highest demand areas tend to be closer to employment opportunities and retail centers while demand is always weaker in outlying areas. However the recovery wave has now spread fully to the outlying rural areas and there are no longer any pockets with an unhealthy excess inventory. The remainder of 2015 is likely to see upward price movement well in excess of inflation and higher than we saw during 2014. This second wind of recovery should sail us nicely into a stronger 2016. By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report
KEVIN OWENS, REALTOR® Your Fireside at Desert Ridge Real Estate Specialist
480.217.9184
kevin@fineAZliving.com www.fineAZliving.com
Pat Reiniger Licensed Mortgage Professional
NMLS#180859 | NMLS# 93718 | BK# 0906222 Homeowners Financial Group USA, LLC
What do your neighbors say about working with Kevin?
Fireside
SEPTEMBER | OCTOBER 2015
FIREDR
YOUR FIRESIDE REAL ESTATE SPECIALIST
L I F E S T Y L E
Must-See TV “Kevin helped us sell in Fireside at Desert Ridge before a cross country move. Kevin helped us get the highest dollar-per-square foot in 2015 in Fireside, and managed to do it while working within our very strict timeline as we were building a house at our new location. All of this comes with the bonus of Kevin being an all around great person and a consummate professional. I would 100% recommend Kevin to anyone looking to list or buy a new home! Thanks Kevin!” ★★★★★ — Oliver and Brenna Walker, Previous Fireside Residents Reviewed on Zillow.com “Highly recommend Kevin Owens. Kevin is incredibly knowledgeable about the market, has exceptional attention to detail, great marketing savvy and provides exceptional customer service. He gave us great advice in prepping the house for showings and put together beautiful marketing materials. He was patient with all our questions, flexible and highly responsive. Our house received multiple offers and was under contract in just over a week. Kevin helped us to navigate to a seamless closing and we were thrilled to sell our house for 100% of list price. Thanks Kevin!” ★★★★★ — Jessica and Chris Rush, Previous Fireside Residents Reviewed on Zillow.com
It’s Showtime!
Invest Wisely
Property Management
Autumn Harvest
Huckleberry Cheesecake
480.305.8562
preiniger@homeownersfg.com | homeownersfg.com
Your neighbors love working with Kevin and you will too! Contact Kevin today at 480.217.9184
Thinking of Selling? Get your instant home valuation at: www.GetMyFiresideValue.com
If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.
ISSN-1939-943X Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Fireside Market Update
Exclusively Presented By Kevin Owens
In Good Taste Roaring Fork RoaringFork.com | 480.947.0795
Huckleberry Cheesecake INGREDIENTS
C hanging C hannels Autumn is just around the corner … September 23rd to be exact. As the days get shorter and we all get back to our busy fall routines, the television beckons with new fall lineups and the return of some of our favorite shows. Gone for most, however, are the days of gathering round the TV at 8 pm sharp to watch a season premiere of a favorite show. Nor do people usually watch shows simply because “that’s what’s on next.” With DVRs, Netflix, Hulu, Vudu, and Amazon Prime all crowding the streaming-media marketplace, the way we watch TV—and what we watch—has vastly changed in recent years. (Binge watched an entire season of an old show recently? We sure have!)
Crust 4 c 16 oz 3 tbsp
graham cracker crumbs unsalted butter, melted sugar
Filling 5 lbs 5 c 4 c 8 8 oz 4 tbsp 1 ¼ c 1 tsp
cream cheese sour cream granulated sugar eggs egg yolks vanilla extract heavy cream huckleberry purée (per cake)
Although the new season lineups still generate excitement, even new shows can be watched on streaming video websites, such as Hulu, for $7.99 a month (often the day after they premiere on cable). Missed the last episode—or want to re-watch the last season—of The Good Wife or Modern Family? You can watch it online from the comfort of any room in the house thanks to streaming video. Want to watch recent episodes of Nashville or old classics of I Love Lucy or Seinfeld? Hulu has it, and you can find your favorite episode with the touch of a button.
PREPARATION Crust In a small bowl, combine graham crackers, butter and sugar. Press ¼ cup of mixture in each spring form pan. Bake at 300 degrees for 8 minutes. Cool and reserve. Filling In a mixer, beat sour cream, cream cheese and sugar for 30 seconds on low then, turn up to medium. In a separate container, combine vanilla, eggs, yolks, and heavy cream and whisk together. On medium speed, slowly add egg mixture to mixer. Continue adding the rest of the egg mixture. Once all of its incorporated, pour 6 oz. of mixture into a spring form pan. Drizzle huckleberry puree into cheesecake mixture and swirl it with a skewer. Wrap outside of each pan with aluminum foil. Pour hot water into spring form pans until its filled half way up. Place spring form pans into a preheated oven at 250 degrees. Bake for one hour, then crack the door open for one minute and turn off oven. Close oven and let stand in oven for one more hour. Cool and refrigerate. YIELD: 2 cheesecakes
Looking for unique programs like House of Cards or Orange is the New Black? Netflix will deliver with its own unique and award-winning content that can’t be found anywhere else (also for $7.99 for unlimited streaming). And Amazon Prime Instant Video offers a plethora of old movies, kids’ content, and even other network’s series (including HBO), such as The Newsroom and Downton Abbey, all with their Amazon Prime membership, which for $99 also gives subscribers free two-day shipping. So we may wonder, are the days of aimless channel surfing gone? Viewers are now in control of what they watch, when they watch it, and for how long they watch a series. After all, back-toback binge watching episode after episode was never before an option, unless you purchased a DVD. The outlook for consumers? The TV times they are a-changing, and that’s all good news for viewers. We have more control, more options, more say in our viewing habits. The only negative? With all the content out there to watch, the more time we may spend sitting and, well, watching. Time to turn that sofa into an exercise machine!
Should You Hire a Property Manager? One of the first questions when buying rental property is whether to hire a professional property manager or manage the new rental yourself. Property managers will charge a fee, on average, of between 4% and 10% of the monthly gross income for the property. They also typically charge tenant placement fees which vary from a few hundred dollars to as much as one month’s rent. Here are three scenarios to consider when making this decision.
Renting the Property When it is Vacant Taking too long to fill a vacancy can quickly eat into your investment income. Surprisingly, renting the property when it is vacant is typically the most time-consuming and difficult part of the process. A rule of thumb is that you will probably have to show the property five to eight times and accept applications from several parties before you find your tenant. You will need to understand state and federal housing laws, pull credit reports and prepare lease documents – all things that might be better left to a professional. When the tenant leaves, you will have to resolve the security deposit, understand what repairs are needed to the property and then start the leasing process all over again.
Managing the Property Once it is Occupied If your property is in good condition, this part of the process is the easiest. Experts suggest that regardless of the property’s condition, you will have to deal with 3 to 5 issues per year ranging from a neighbor’s dog barking to an emergency plumbing issue in the middle of the night.
Dealing with Serious Issues When They Arise You need to consider that major issues can occur. If your tenant stops paying rent, or there’s a major flood, or fire, you will have to deal with it. Those issues require a lot of work and time, especially if the property is far away from your primary residence.
SEPTEMBER | OCTOBER 2015 Downtown Phoenix Urban Ale Trail Downtown Phoenix | September 19 DTPHX.org This self-guided tour connects beer lovers to the vast assortment of greater Downtown restaurants and watering holes, known for their amazing craft beers on tap. Participating establishments will provide beer samples between $2-$3, as well as tasty snacks to pair with the selection of ales.
Summer Ends Music Festival Tempe Beach Park | September 24 – 27 SummerEndsMusicFestival.info | 480.829.0607 The Summer Ends Music Festival is a four-day event that is along the waterfront at Tempe Beach Park. Come enjoy O.A.R, Foster the People, Taking Back Sunday, Hozier, Brand New, J.Cole, Jimmy Eat World, Brandon Flowers, Capital Cities and many more!
5th Annual Bentley Scottsdale Polo Championships WestWorld of Scottsdale | October 24 ThePoloParty.com | 480.423.1414 The Arizona Republic has called the event “polo for the masses.” This year’s lineup features Polo Azteca vs. Club Cabo, the San Diego Polo Club vs. Arizona’s own Polo Club, and the reigning champions, the Clogau Wales Polo Team vs. Aspen Valley Polo Club. Attendees will also enjoy a sneak preview of the 2016 Scottsdale Arabian Horse Show and see some serious horsepower with a preview of the world-famous BarrettJackson 2016 Collector Car Auction along with local car clubs lining the field.
Ballet Arizona’s Coppélia Ballet Arizona | October 29 – November 1 BalletAZ.org | 602.381.1096 A comic ballet for the whole family to enjoy. It tells the story of an eccentric toymaker, life-size dancing dolls, and a young couple in love. Love triumphs over all in this beloved ballet, but only after a case of mistaken identity and hilarious mayhem.
While property managers are not free, the investment may well be worth it. Is the stress of dealing with evictions, complaints and maintenance issues more than you want to take on? Property managers are skilled in handling landlord-tenant conflict and they have an understanding of landlord-tenant law.
Event Calendar
Haunted Halloween Express
REAL ESTATE
corner
Good property managers are skilled at finding and screening tenants quickly, and will have a network of reliable, cost effective repairmen to handle emergencies.
Careful consideration for the scenarios above should help you put the decision into perspective.
Verde Canyon Railroad | October 31 VerdeCanyonRR.com | 800.320.0718 Verde Canyon Railroad has invited many of Jerome’s ghosts and goblins to socialize with passengers on the annual Haunted Halloween Express where there are no grown-ups, just kids of assorted sizes. The journey into the autumn-splashed canyon features a costume contest, spine tingling tales and plenty of treats without tricks.
In Good Taste Roaring Fork RoaringFork.com | 480.947.0795
Huckleberry Cheesecake INGREDIENTS
C hanging C hannels Autumn is just around the corner … September 23rd to be exact. As the days get shorter and we all get back to our busy fall routines, the television beckons with new fall lineups and the return of some of our favorite shows. Gone for most, however, are the days of gathering round the TV at 8 pm sharp to watch a season premiere of a favorite show. Nor do people usually watch shows simply because “that’s what’s on next.” With DVRs, Netflix, Hulu, Vudu, and Amazon Prime all crowding the streaming-media marketplace, the way we watch TV—and what we watch—has vastly changed in recent years. (Binge watched an entire season of an old show recently? We sure have!)
Crust 4 c 16 oz 3 tbsp
graham cracker crumbs unsalted butter, melted sugar
Filling 5 lbs 5 c 4 c 8 8 oz 4 tbsp 1 ¼ c 1 tsp
cream cheese sour cream granulated sugar eggs egg yolks vanilla extract heavy cream huckleberry purée (per cake)
Although the new season lineups still generate excitement, even new shows can be watched on streaming video websites, such as Hulu, for $7.99 a month (often the day after they premiere on cable). Missed the last episode—or want to re-watch the last season—of The Good Wife or Modern Family? You can watch it online from the comfort of any room in the house thanks to streaming video. Want to watch recent episodes of Nashville or old classics of I Love Lucy or Seinfeld? Hulu has it, and you can find your favorite episode with the touch of a button.
PREPARATION Crust In a small bowl, combine graham crackers, butter and sugar. Press ¼ cup of mixture in each spring form pan. Bake at 300 degrees for 8 minutes. Cool and reserve. Filling In a mixer, beat sour cream, cream cheese and sugar for 30 seconds on low then, turn up to medium. In a separate container, combine vanilla, eggs, yolks, and heavy cream and whisk together. On medium speed, slowly add egg mixture to mixer. Continue adding the rest of the egg mixture. Once all of its incorporated, pour 6 oz. of mixture into a spring form pan. Drizzle huckleberry puree into cheesecake mixture and swirl it with a skewer. Wrap outside of each pan with aluminum foil. Pour hot water into spring form pans until its filled half way up. Place spring form pans into a preheated oven at 250 degrees. Bake for one hour, then crack the door open for one minute and turn off oven. Close oven and let stand in oven for one more hour. Cool and refrigerate. YIELD: 2 cheesecakes
Looking for unique programs like House of Cards or Orange is the New Black? Netflix will deliver with its own unique and award-winning content that can’t be found anywhere else (also for $7.99 for unlimited streaming). And Amazon Prime Instant Video offers a plethora of old movies, kids’ content, and even other network’s series (including HBO), such as The Newsroom and Downton Abbey, all with their Amazon Prime membership, which for $99 also gives subscribers free two-day shipping. So we may wonder, are the days of aimless channel surfing gone? Viewers are now in control of what they watch, when they watch it, and for how long they watch a series. After all, back-toback binge watching episode after episode was never before an option, unless you purchased a DVD. The outlook for consumers? The TV times they are a-changing, and that’s all good news for viewers. We have more control, more options, more say in our viewing habits. The only negative? With all the content out there to watch, the more time we may spend sitting and, well, watching. Time to turn that sofa into an exercise machine!
Should You Hire a Property Manager? One of the first questions when buying rental property is whether to hire a professional property manager or manage the new rental yourself. Property managers will charge a fee, on average, of between 4% and 10% of the monthly gross income for the property. They also typically charge tenant placement fees which vary from a few hundred dollars to as much as one month’s rent. Here are three scenarios to consider when making this decision.
Renting the Property When it is Vacant Taking too long to fill a vacancy can quickly eat into your investment income. Surprisingly, renting the property when it is vacant is typically the most time-consuming and difficult part of the process. A rule of thumb is that you will probably have to show the property five to eight times and accept applications from several parties before you find your tenant. You will need to understand state and federal housing laws, pull credit reports and prepare lease documents – all things that might be better left to a professional. When the tenant leaves, you will have to resolve the security deposit, understand what repairs are needed to the property and then start the leasing process all over again.
Managing the Property Once it is Occupied If your property is in good condition, this part of the process is the easiest. Experts suggest that regardless of the property’s condition, you will have to deal with 3 to 5 issues per year ranging from a neighbor’s dog barking to an emergency plumbing issue in the middle of the night.
Dealing with Serious Issues When They Arise You need to consider that major issues can occur. If your tenant stops paying rent, or there’s a major flood, or fire, you will have to deal with it. Those issues require a lot of work and time, especially if the property is far away from your primary residence.
SEPTEMBER | OCTOBER 2015 Downtown Phoenix Urban Ale Trail Downtown Phoenix | September 19 DTPHX.org This self-guided tour connects beer lovers to the vast assortment of greater Downtown restaurants and watering holes, known for their amazing craft beers on tap. Participating establishments will provide beer samples between $2-$3, as well as tasty snacks to pair with the selection of ales.
Summer Ends Music Festival Tempe Beach Park | September 24 – 27 SummerEndsMusicFestival.info | 480.829.0607 The Summer Ends Music Festival is a four-day event that is along the waterfront at Tempe Beach Park. Come enjoy O.A.R, Foster the People, Taking Back Sunday, Hozier, Brand New, J.Cole, Jimmy Eat World, Brandon Flowers, Capital Cities and many more!
5th Annual Bentley Scottsdale Polo Championships WestWorld of Scottsdale | October 24 ThePoloParty.com | 480.423.1414 The Arizona Republic has called the event “polo for the masses.” This year’s lineup features Polo Azteca vs. Club Cabo, the San Diego Polo Club vs. Arizona’s own Polo Club, and the reigning champions, the Clogau Wales Polo Team vs. Aspen Valley Polo Club. Attendees will also enjoy a sneak preview of the 2016 Scottsdale Arabian Horse Show and see some serious horsepower with a preview of the world-famous BarrettJackson 2016 Collector Car Auction along with local car clubs lining the field.
Ballet Arizona’s Coppélia Ballet Arizona | October 29 – November 1 BalletAZ.org | 602.381.1096 A comic ballet for the whole family to enjoy. It tells the story of an eccentric toymaker, life-size dancing dolls, and a young couple in love. Love triumphs over all in this beloved ballet, but only after a case of mistaken identity and hilarious mayhem.
While property managers are not free, the investment may well be worth it. Is the stress of dealing with evictions, complaints and maintenance issues more than you want to take on? Property managers are skilled in handling landlord-tenant conflict and they have an understanding of landlord-tenant law.
Event Calendar
Haunted Halloween Express
REAL ESTATE
corner
Good property managers are skilled at finding and screening tenants quickly, and will have a network of reliable, cost effective repairmen to handle emergencies.
Careful consideration for the scenarios above should help you put the decision into perspective.
Verde Canyon Railroad | October 31 VerdeCanyonRR.com | 800.320.0718 Verde Canyon Railroad has invited many of Jerome’s ghosts and goblins to socialize with passengers on the annual Haunted Halloween Express where there are no grown-ups, just kids of assorted sizes. The journey into the autumn-splashed canyon features a costume contest, spine tingling tales and plenty of treats without tricks.
A Second Wind for Metro Phoenix The Greater Phoenix housing market is healthier now than at any time since 2005 with a clear advantage for sellers over buyers in most areas. The highest demand areas tend to be closer to employment opportunities and retail centers while demand is always weaker in outlying areas. However the recovery wave has now spread fully to the outlying rural areas and there are no longer any pockets with an unhealthy excess inventory. The remainder of 2015 is likely to see upward price movement well in excess of inflation and higher than we saw during 2014. This second wind of recovery should sail us nicely into a stronger 2016. By Michael Orr | Director of Real Estate Studies at ASU & Principal of The Cromford Report
KEVIN OWENS, REALTOR® Your Fireside at Desert Ridge Real Estate Specialist
480.217.9184
kevin@fineAZliving.com www.fineAZliving.com
Pat Reiniger Licensed Mortgage Professional
NMLS#180859 | NMLS# 93718 | BK# 0906222 Homeowners Financial Group USA, LLC
What do your neighbors say about working with Kevin?
Fireside
SEPTEMBER | OCTOBER 2015
FIREDR
YOUR FIRESIDE REAL ESTATE SPECIALIST
L I F E S T Y L E
Must-See TV “Kevin helped us sell in Fireside at Desert Ridge before a cross country move. Kevin helped us get the highest dollar-per-square foot in 2015 in Fireside, and managed to do it while working within our very strict timeline as we were building a house at our new location. All of this comes with the bonus of Kevin being an all around great person and a consummate professional. I would 100% recommend Kevin to anyone looking to list or buy a new home! Thanks Kevin!” ★★★★★ — Oliver and Brenna Walker, Previous Fireside Residents Reviewed on Zillow.com “Highly recommend Kevin Owens. Kevin is incredibly knowledgeable about the market, has exceptional attention to detail, great marketing savvy and provides exceptional customer service. He gave us great advice in prepping the house for showings and put together beautiful marketing materials. He was patient with all our questions, flexible and highly responsive. Our house received multiple offers and was under contract in just over a week. Kevin helped us to navigate to a seamless closing and we were thrilled to sell our house for 100% of list price. Thanks Kevin!” ★★★★★ — Jessica and Chris Rush, Previous Fireside Residents Reviewed on Zillow.com
It’s Showtime!
Invest Wisely
Property Management
Autumn Harvest
Huckleberry Cheesecake
480.305.8562
preiniger@homeownersfg.com | homeownersfg.com
Your neighbors love working with Kevin and you will too! Contact Kevin today at 480.217.9184
Thinking of Selling? Get your instant home valuation at: www.GetMyFiresideValue.com
If your home is currently listed, this is not a solicitation for that listing. Owned and operated by NRT, LLC.
ISSN-1939-943X Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
Fireside Market Update
Exclusively Presented By Kevin Owens