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Updated over 4 years ago, 06/22/2020

User Stats

35
Posts
27
Votes
Vu Nguyen
  • Real Estate Agent
  • Chattanooga, TN
27
Votes |
35
Posts

About to close on first rentals - current rent climate?

Vu Nguyen
  • Real Estate Agent
  • Chattanooga, TN
Posted

My wife and I have decided to reinvest some funds into rental properties (as many are starting to do now) and I’m about to close on our first two turnkey rentals (in Baltimore, MD and Hummelstown, PA) We’re thankful to have one year rent guarantees on these properties but are exploring the option of purchasing properties from other providers without that guarantee. What is the general climate with rents coming in currently with COVID-19 for the more seasoned investors? I would greatly appreciate your input on this as well as any advice to protect ourselves when purchasing rentals during this time.

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