Are you planning on shopping for a rental property in the Central Valley this summer? If so, you’ve come to the right place!
At RPM Central Valley we’re you’re best resource for managing rental properties. In this article we will provide you with several tips on how to find a great a great investment property.
Simple Tips For Finding An Investment Property
Tip #1 – Consider Choosing A Single-Family Home Versus A Condo
Although condos may seem like they would be an easy Central Valley Rental Property to own the reality is that owning a single family home is often a better than a condo because, single family homes are traditionally occupied by tenants with children and once they become settled are less likely to move compared to tenants that are unmarried or without children.
As a landlord, it’s ideal to have tenants with children living in a single family home because studies show that these renters have been proven to live in a single family home for up to 5 years or longer especially if children in the home are going to school in the local area.
Tip #2 – Think Carefully About Location
Another important thing to do when choosing a Central Valley Rental Property is to think carefully about the location of your rental because location can make a real difference to some tenants especially if your rental is close to good schools, shopping, restaurants, jobs, and things to do in the area.
Tip #3 – Find Out How The House Was Built
Before saying yes to buying a new rental property in the Central Valley, you should also investigate how the home was built because a house that’s been “sturdily built” is going to save you thousands of dollars per year in repair costs while a home that’s been cheaper built will cost you more to maintain in the long run.
Contact RPM Central Valley
Once you find a great investment property, don’t spend time managing it yourself. Contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.