Investing in Rental Properties
If you are looking to diversify your investments and take advantage of the rental market, then we can help. We have years of expertise when it comes to working with real estate investors who are looking for rental properties that can provide them with short term and long term income as well as the tax benefits that owning a rental property can bring. There are some things that you need to be aware of when investing in rental properties.
Be aware of the need to manage the property or properties that you purchase
There is more to owning an investment property than simply finding a tenant and signing a lease. You will want to keep your investment in good condition to minimize repair issues and unhappy tenants.
Be aware of the attributes of a great investment property
If this is your first time buying an investment property, you may not be aware of where to look for the best properties. A driving factor is location. The closer to the center of things in your area, the more rent your unit can command. As a rule of thumb, the heavier the traffic, the easier it will be to rent the property and to command a good price for rent. If your property is located close to a major employer, like a hospital, university, or a large corporation, you can usually demand more rent than one that is twenty minutes away. Likewise, you want to find properties that are low maintenance so that you`ll have fewer headaches and expenses down the road. And last of all, look for properties in stable neighborhoods that are experiencing growth as well as a good school district.
We can help you find other professionals to help with your investment
- Real Estate Attorney
- Licensed Home inspector
- Licensed Contractor & Handyman
These are just a few of the things that you need to be aware of when selecting an investment property to purchase. Contact us to find out how we can be your guide to finding and successfully making offers on investment properties that will make you money.