6 Important Tips On How To Invest In Single-Family Rental Homes

[Joseph Velez]

According to Jonas Bordo, CEO & Co-Founder of Dwellsy, "Due to COVID19, renters want more space and control over access to their homes, and this has led to substantial new demand for single family rentals. The supply of these properties is relatively unchanged--maybe even down, due to the hot single-family sales market--so rent for this asset type has gone through the roof in 2021." Dwellsy's data shows that single family rental prices are up by 15%, driving an overall increase in median rent by 9.6%.

Putting money in single-family rental properties can be a lucrative investment, but it is not without its risks. To get the most out of your investments, you must be aware of these risks and prepare for them accordingly. This article will address six important tips that will help you invest wisely.

1.DETERMINE IF YOU HAVE THE FINANCIAL MEANS TO INVEST IN RENTAL PROPERTIES

2.CONSIDER YOUR GEOGRAPHIC LOCATION AND DESIRED LEVEL OF RISK

3.RESEARCH DIFFERENT MARKETS FOR POTENTIAL INVESTMENT OPPORTUNITIES

4.GET FINANCING FROM A REPUTABLE LENDER WHO SPECIALIZES IN SINGLE-FAMILY RENTALS

5.FAMILIARIZE YOURSELF WITH THE PROPERTY MANAGEMENT COMPANY THAT YOU ARE GOING TO HIRE

6. UNDERSTAND THE RISKS ASSOCIATED WITH OWNING SINGLE-FAMILY RENTAL PROPERTIES AND HOW TO MITIGATE THEM *

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https://vivaglammagazine.com/6-important-tips-on-how-to-invest-in-single-family-rental-properties/