Do you want to buy an investment property? There are a variety of factors that make a rental home attractive to prospective tenants. Just because a home is well maintained, does not mean it will be easy to rent out. Tenants are looking for the whole package.
What to Consider
With more than 30 years of experience in Auburn property management, the team at Real Property Management Select understands the rental market and can guide you to the perfect home. When searching for the optimal rental, you should consider the following:
Location – Location is everything in property management. Auburn investors know that where the home is located plays a critical role in your success. Look into safety and crime. Calculate the distance to local shopping, public transportation, good schools, etc.
Floor Plan and Features – Look for a home that supports a family lifestyle. Avoid small or unique layouts. Stay away from busy roads. A fenced yard is ideal.
Amenities – Does the home have indoor laundry hookups? What about a spot for a microwave? Swamp cooler or A/C unit? Fireplace? The more the home has to offer, the more rent you can charge. Amenities can bring you more money.
HOA Regulations – Know the HOA rules of a neighborhood. Hidden fees or potential violation fines will hurt your cash flow as a homeowner. Our property management Auburn experts can help you determine the pros and cons of buying in a neighborhood with an HOA.
Overall Condition and Value – Typically a home more than 15 years old will rack up higher maintenance costs. Is the home rent-ready or will it require work before tenants can move in?
Professional Property Management Auburn Homeowners Can Rely On
With the guidance of professional management, investors find rental homes that bring good returns. At Real Property Management Select, we want you to be a profitable landlord. We know how to make you successful. We are committed to safeguarding your property and protecting you as a homeowner. Put our experienced Auburn property management team to work for you. Give Real Property Management Select a call today.