A savvy investor will have to consider what type of property they have, and what type of credit standards can maximize their specific situation. For example, if you have a 4BR party pad near the college, you certainly should consider that your tenant search needs to be handled dramatically different than the 4BR on a cul de sac in a traditional neighborhood 4 blocks away. You also need to know that your expense situation will be very different too, and this is often where landlords go wrong. They hone in on the highest possible rate, while failing to consider that a higher rate almost always means higher expenses, and more headaches.
Also discussed are…
- Rental advertising makes a shift
- It’s all about the interest rates
- How to choose the best option for your home specifically
Would you like to discuss options for having a professional manage your rental property? We can quickly provide a cost quote, or virtual rental evaluation to nail down potential income
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