Tag Archive for 32nd street

Save the Date: Community Party 2024

Date: Saturday, April 20 | 2-5pm

Location: Mercury Mine Basin Park, 3325 E. Mountain View Rd

You, your friends, and your family are invited to come out and join us for our annual Neighborhood Party! 

We’ll have plenty of family-friendly activities, great guest speakers, and food for everyone to enjoy. Best of all, it’s completely FREE, sponsored by City of Phoenix Grants and put together by Louisa Ward, Mountain Preserve Block Watch Leader.

But to make this event a success, we need your help. We’re looking for volunteers to assist with setting up, tearing down, signing in guests, and distributing Block Watch information.

If you’re interested in supporting this event, please fill out this FORM, or reach out via text or email. Louisa Ward, MyAzRealtyTeam@Gmail.com, 602.769.6699.

Let’s come together as a community and make this event one to remember!

Community Yard Sale

Got stuff to get rid of? Join the Mountain Preserve 1st Annual Community Yard Sale! 

When: February 17th, 8am – 1pm

If you’re ready to get rid of some stuff, please fill out this form or email me (MyAzRealtyTeam@gmail.com) your name, address, phone number, and the most desired item you have by February 12th.

I’ll handle the online advertising, supplying signs, and placing them along the main roads. On the day of the event you just have to arrange your belongings in your driveway. 

This is sponsored by the Mountain Preserve Block Watch and Louisa Ward of My Az Realty Team.

If you live outside of the Mountain Preserve Block Watch Community, you can still participate and take advantage of the thrifty buyers we hope to attract from our advertising.

Landlord Updates

AZ Gets Rid of Rental Tax in 2025

Governor Katie Hobbs just signed a bill getting rid of the Residential Rental tax in Arizona. But don’t change your policies and procedures just yet! The change doesn’t go into effect until January 1, 2025. If you are in a city, such as Tucson, or a county island that doesn’t charge a rental tax, this will not impact you.

Here is what you need to know and what you need to do:

  • The law does not go into effect until January 1, 2025. Therefore, you have at least one year before you do anything.
  • On and after January 1, 2025, landlords are prohibited from charging the rental tax. In other words, landlords should decrease the amount they are charging residents at that time. The law creates a basis for a tenant to sue over the tax amount if it’s still being collected by the landlord. It says if there’s a civil suit—presumably filed by an unhappy tenant—the burden is on the landlord to show that none of the rent being charged is attributable to the Residential Rental tax once it disappears.
  • Remember, it’s not just the tax on rent that is decreased. The taxes applied to all previous charges should be reduced as well. For example, if late fees were $5.00 plus $.09 in tax, that part that is tax should be removed in 2025.
  • For all new residential leases starting on January 1, 2025, or later, the lease should not include rental taxes. This includes month-to-month and renewals or extensions of older leases.
  • Starting in late 2024, landlords should plan for the change in not charging rental tax and begin to notify tenants of the reduction in the amount owed.
  • This ban does not apply to commercial rentals (meaning cities can charge a rental tax).
  • This ban does not apply to “health care facilities, long-term care facilities or hotel, motel or other transient lodging business.” It appears that cities can tax short-term rentals.
  • Remember, this just came out and it won’t go into effect for a while. In the meantime, we will learn additional information and communicate it to our clients.

Rental Market Statistics

The number of active rental listings has been climbing since June of this year. There are multiple reasons for this.

  1. Seasonality – The 4th quarter of the year is a slower time for activity on rentals.
  2. Super Bowl season “Airbnb” (Vacation Rental) purchases. Many homes were purchased by inexperienced “investors” who wanted to cash in on the high rental prices during the Super Bowl. Now those homes are sitting empty from the drop in vacation rentals and some/many are being converted into long-term rentals and increasing inventory numbers.
  3. Vacation Rentals may become more difficult and expensive to carry as an investment. Several cities in the Valley have started enacting much stricter rules on Short-term vacation owners. They must be registered with the city and a local person listed who can be contacted regarding complaints. So the owners have to accept liability for the nuisances of their vacationers. They must also consider the cost of registering and the possibility of being taxed at a much higher rate than they are now. Municipalities are considering taxing these owners similarly to a hotel/resort. This is pushing more Vacation Rentals into Long-term rental inventory.

I am seeing the rental prices starting to drop which is common as the inventory rises. It is the principle of Supply and Demand. I think once we get through the 4th quarter, we will see rental prices stabilize and possibly increase slightly through the Spring.

If you have questions, I can help. Whether you’re contemplating the purchase of another investment property or considering the liquidation of a current one, both situations fall within my area of expertise. Feel free to give me a call, and we can discuss the opportunities available to you.

Louisa Ward
Associate Broker

Do Trash and Recycling Containers Go On the Sidewalk?

A friendly reminder to our neighborhood about trash and recycling containers:

  1. Sidewalks are for People: Please refrain from placing trash containers on the sidewalk. Instead, position them after the curb and on the street, leaving ample space for pedestrians to walk freely. The containers should be 4 feet apart.
  2. Be Mindful of Others: Remember that many of our neighbors, including those with disabilities, rely on clear sidewalks. Let’s be considerate and thoughtful of their needs.
  3. Timing is Key: Put your trash containers out for pick-up only on designated collection days and promptly retrieve them after collection to avoid prolonged obstruction.
  4. City Code Compliance: According to our city regulations, all solid waste containers must have lids. This is not only to prevent rainwater from accumulating inside but also to keep insects and pests at bay. If you have a container with a missing or damaged lid, you can request a replacement by clicking on this link.

Thank you for your cooperation and understanding. Your efforts in maintaining clear sidewalks contribute to the overall well-being of our neighborhood and the comfort of our neighbors. If you have a question about the placement of containers or containers blocking a sidewalk, contact 602-262-7251 or email pwserve@phoenix.gov