RSS

💭 Thinking of investing in a rental property? Here are several tips to help you make a good choice of property.

Thinking of investing in a rental property? Here are several tips to help you make a good choice of property.

1. Do a thorough search
You can hire a property consultant to search available rentals but try to do some of the searching yourself, so you learn the market well.

2. Location is everything
Look for a community with a quality school system and try to choose a property that’s close to an abundance of work opportunities.

3. Pay attention to supply and demand
Check rental listings in a given area to determine the supply and demand ratio for rentals in that area.

4. Know the going rate for rent in the area
Find out what the going rate for rent is in the area you’re looking to buy.

5. Know what the future holds for the area
Be leery of condos and other mass rental properties on the horizon, however, as they may be stiff competition in the future.

Emma Co Personal Real Estate Corp | Macdonald Realty
emmaco.realty@gmail.com | 6046183888

Building VALUE With Every Move

Comments:

No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.