Here?s What You Need to Avoid When Investing in a Rental Property
Rental properties are good investments, as they have the potential to generate passive income. However, there is a lot of research that has to be done before you invest in rental properties. There are certain places that don?t allow for short-term (less than six months) rentals, and there are other places that do allow, but […]
The post Here?s What You Need to Avoid When Investing in a Rental Property appeared first on Unhappy Hipsters.
Rental properties are good investments, as they have the potential to generate passive income. However, there is a lot of research that has to be done before you invest in rental properties.
There are certain places that don?t allow for short-term (less than six months) rentals, and there are other places that do allow, but there are several factors that work against that location, making it a bad investment.
Here?s what you should avoid when investing in rental properties and what you should do instead.
A. An Undesirable Location
1. Neighborhoods with high vacancy rates
Location is everything when choosing a rental property. You?ll want to invest in a rental property that will attract tenants.
A neighborhood with high vacancy rates isn?t one you?ll want to invest in, and it usually means that properties in that area aren?t renting well due to high prices or even high crime rates.
Specific types of neighborhoods will also determine what kinds of tenants are most likely to rent in that area.
For example, if yo...
The post Here?s What You Need to Avoid When Investing in a Rental Property appeared first on Unhappy Hipsters.
Rental properties are good investments, as they have the potential to generate passive income. However, there is a lot of research that has to be done before you invest in rental properties.
There are certain places that don?t allow for short-term (less than six months) rentals, and there are other places that do allow, but there are several factors that work against that location, making it a bad investment.
Here?s what you should avoid when investing in rental properties and what you should do instead.
A. An Undesirable Location
1. Neighborhoods with high vacancy rates
Location is everything when choosing a rental property. You?ll want to invest in a rental property that will attract tenants.
A neighborhood with high vacancy rates isn?t one you?ll want to invest in, and it usually means that properties in that area aren?t renting well due to high prices or even high crime rates.
Specific types of neighborhoods will also determine what kinds of tenants are most likely to rent in that area.
For example, if yo...
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