Selecting Your Rental Property
Rental property can be an exciting investment if you handle it right. Here at Real Property Mangement Select, we have decades of experience in the rental industry that means we offer the property management Roseville, CA, owners can rely on for their rental home investments. Choosing the right property is pivotal in your investing decisions. Your purchasing choice affects how long your property sits vacant, how many applicants you attract, and the type of applicant interested in your home. Successful leasing and management of your investments start in the buying process.
Location, Location, Location
The location of your property will determine the amount of effort and difficulty involved in managing it. When trying to select a location for your rental property, search out areas with lower vacancy rates, higher rents, and where values are appreciating.
Other questions you should ask that we’ve learned from our time in Roseville property management include:
- How good is the school district? This is a huge determining factor in the type of tenants you’ll attract.
- How good is the public transportation? How close are the nearest shopping and other amenities and attractions?
- What kind of regulations does the city have? Some towns levy heavy fines towards landlords for code violations, where others tend to be more lenient.
- What is the local HOA like? Homeowners’ associations have their own rules, regulations, and fees for violations. The trouble of that should be taken into consideration.
- When making property decisions, local expertise in Roseville property management is essential.
Property Type
As you’re searching for a rental investment, look for single-family homes tailored to families. Especially attractive home to renters will be those with $1100-1700 rent, three or more bedrooms, two or more bathrooms, a fenced-in yard, and a standard floor plan with few customizations. These are all good indicators that tenants will be more likely to want to live in your home and that its maintenance costs will stay low. Avoid a home with:
- extra low rent,
- less than 1000 square feet,
- lack of a fence,
- built on a busy street,
- lack of a master bath,
- an unusual floor plan,
- too much customization,
- a house more than twenty-five years old
These are red flags – be wary about purchasing these properties.
We’ve seen the best and the worst of rental property management. Roseville, CA, and Sacramento have great investment property opportunities. Let Real Property Management Select help you make the best of your investment. Call today!
