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12 January 2025 | 3 replies
McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.
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12 January 2025 | 8 replies
There's a mix of younger professionals drawn to the tech and education sectors, as well as retirees attracted to the area's mild climate and cultural attractions.2.
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15 January 2025 | 10 replies
These areas are super attractive for investors.It's not hard to see why.
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15 January 2025 | 3 replies
In today's competitive real estate market, having modern amenities can set your property apart, making it more attractive to a wider audience.
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18 January 2025 | 11 replies
As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.
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29 January 2025 | 21 replies
They're investing tons of money into those areas, and attracting a lot of good renters who work in the medical profession and will pay good rents to live close to their jobs.
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6 February 2025 | 42 replies
The obvious attraction is the beach.
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5 February 2025 | 16 replies
I personally will not expand into a market without securing a reliable team first.Service Quality Over Price – While 10-15% may seem attractive, be cautious—cheaper often means less attention to detail.
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31 January 2025 | 10 replies
If you want to keep the architectural attractiveness of the house, it usually runs a bit more expensive.
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14 January 2025 | 3 replies
If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.