Ingredients for a great rental
Hey!
If a single family house is in a B or C class neighborhood. What makes the rental appealing to potential tenants? For example a 3/1 vs a 3/2 configuration?
Thank you!
Quote from @Juan David Maldonado:I'm currently in Dallas market and I just purchased my 2nd rental. It's currently a 3/1.5. I plan to upgrade to 2 bathrooms after the cash out refinance. I feel tenants don't care as much. They care more about the number of bedrooms. You can always upgrade the home later on.
Hey!
If a single family house is in a B or C class neighborhood. What makes the rental appealing to potential tenants? For example a 3/1 vs a 3/2 configuration?
Thank you!
Yes, my realtor told me the same thing about the number of rooms is more appealing when it comes to future tenants/how much you can set the rent amount at.
How did you finance/purchase your second rental?
Quote from @Juan David Maldonado:
Hey!
If a single family house is in a B or C class neighborhood. What makes the rental appealing to potential tenants? For example a 3/1 vs a 3/2 configuration?
Thank you!
First of all, are you renting out the entire house or will this be a rent by room strategy?
This entire house to the tenant.
Some things that make a rental appealing
1 - pet policy (pets or no pets allowed)
2 - number of full bathrooms
3 - number of floors (single level vs multi)
4 - backyard or lack thereof
5 - school ratings (higher the better)
6 - crime ratings (lower the better)
7 - location to highways
8 - amenities (parks, pools, trails, lakes, etc)
9 - location to place of employment.
10 - age of the property
11 - appliances
Just to name a few.
Location, professional photos, great management. There's no short cuts or tricks
