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5 Questions Every New Landlord Needs to Ask About their Rental Home
When I purchased my first rental home I was so excited that I had "beat out" other investors to purchase the home, that I literally missed the forest for the trees.
If you're getting into rental home investing, this video will cover 5 things you absolutely need to check out.
- Age of the home. This affects things like the repairs and maintenance budgets.
- Street Scene of the Home. Take a step back and evaluate what the neighbors' houses look like on the street.
- Market Rate. Use some sort of objective opinion (like a property manager) to help you determine what it will rent for.
- White Elephant Issues - Items such as a busy street or near an industrial park affect the value of the home.
- Retail Market of the Home - Is there a retail market?
I wish I had this advice when I got started. This video will literally save you thousands!
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