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Investor pro tip: High rents aren’t always a turn-off to renters, especially if you’re willing to embrace co-living. Consider dividing up your properties to create additional space and increase your marketability to unmarried roommates.
Investor pro tip: Stand out from the crowd by offering rent reporting. Reporting your tenants’ rent can help them build up their credit history and boost their scores -- a major perk for younger renters.
Investor pro tip: Busy metro markets aren’t the only option for investors. Consider the safety of the suburbs for your next investment property.
Investor pro tip: Fewer and fewer consumers are interested in the monthly mortgage payment, property taxes, closing costs, and maintenance responsibilities that come with owning a home. Make sure you have a plan for handling repairs and maintenance on your properties or consider a property management company.
Investor pro tip: There will always be people interested in building equity and buying a house -- especially with interest rates at record lows. Consider fix-and-flip investments in some of these more popular markets or offer flexible rental terms to relocation customers. Many relocators are looking to rent for at least a few months before buying a home in a new market.
Got $1,000? The 10 Top Investments We’d Make Right Now
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