What kind of tenants will your property attract?

The overall attractiveness of this investment.

Marketing and Advertising: A property manager has the resources and knowledge to effectively market and advertise rental properties, attracting prospective tenants and reducing vacancy periods.In summary, hiring a property manager can streamline operations, enhance profitability, and provide peace of mind for you, allowing you to enjoy your investments rather than being bogged down by day-to-day management tasks.A property manager will give you more time to expand your investment portfolio. 

This price drop attracted attention, with three offers at asking price and six showings in just three days.

How much confidence do you have in yourself to attract guests to your property?

Hi Geetha,The NCREIA meetups in Raleigh and Charlotte are a fantastic choice—they attract real estate operators at every level, so you're definitely in the right place to build connections!

These methods help you find owners who might sell but haven't listed their properties yet.Advantages: Owners might not consider selling until you make an attractive offer.

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.

A $200,000 duplex might have identical rents in municipality “A” and municipality “B” but the property tax rates will vary, local regulations will dictate licensing requirements, labor rates will vary & the particular location will dictate insurance premiums since insurance carriers will weigh local replacement costs and whether the municipality is viewed as being a “plaintiff friendly” in arriving at insurance premiums.Better situated assets will attract better tenants/higher rents & reduced management expenses Tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property.

Do you know what is far more attractive?