Always Keep Your Target Renter in Mind
A buy-to rent property is not going to be your primary home; therefore it is not always necessary to imagine whether or not you would live in your investment property. Instead, put yourself in the shoes of your target tenant. Run through a checklist to determine if they would want to live there. Several of these questions could include:
1. Are there restaurants in walking distance from the house?
2. Is the house close to major roads and expressways ways for an easy commute?
3. Is there a college or university nearby that will attract students?
4. Would the house be attractive to a young professional?
5. Is there a yard or play area for a young family with children?
Allowing renters to make your rental house their own, such as painting rooms in the colors they like, hanging pictures or adding their own touches to the outside will make it feel more like their home. These tenants will stay longer, and treat the property as if they own it – which is what every landlord wants. What are your thoughts on targeting the perfect renters? Visit us at www.b2rfinance.com and follow us on Twitter @B2RFinance.
The information on this page is provided for informational purposes only and does not constitute investment, real estate, or legal advice. This information should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. No representations or warranties whatsoever, express or implied, are given as to the accuracy or applicability of the information contained herein. The information may be modified or rendered incorrect by changes in the marketplace or developments in the law, or for any other reason, and may not be applicable to any individual reader’s facts and circumstances.