Closing the Deal on Rental Property

The Bottom Line on
Closing the Deal

Do your homework on the area to learn about rental rates and demand.

Ensure local regulations and rules allow rental of the property you plan to buy.

Have a marketing plan to attract renters ready as soon as possible.

Did you Know?

We can advise you as you plan to buy and promote rentals.

Finding out what the average rental rates are and whether rental demand is high are two crucial things you need to know as you search for rental property to buy. After you do your homework and your criteria is met, it’s then time to pay some properties a visit. Here are some things to look for while you are out there:

Find out if there are local regulations or community rules that discourage renting.
Create a checklist of popular amenities that would appeal to potential renters.
Carefully consider any potential problems with the locations you are interested in.
Take into consideration who your likely renters will be and what kind of rent they would be able to afford.
Think about ways the you might be able to promote a new rental property in the area.
If you find something you really want, be ready to set things in motion by already having a pre-approved loan and having earnest money at hand.

Keep on your toes and realize that it is not uncommon for rental investment property to sell before it’s even been advertised! How can you not be left out in the cold? It pays to have us looking out for you who can seal the deal when the right property comes your way.