Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x

Posted almost 6 years ago

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!



Comments