First and foremost, start your search not through a Realtor who specializes in real estate sales, but instead seek out the advice of a reputable Professional Property Management company. Why? Because the property management company is thoroughly versed on what types of homes qualified renters are looking for. They can also give you advice on what areas are very desirable, how quickly you can expect to rent the investment property and can give you an accurate rental valuation.
Property management companies work with investment properties and their tenants on a daily basis. They have specialized knowledge on what makes a property a good investment. They will be able to give you sound advice and moreover some management companies have ‘in-house’ sales divisions for the specific purpose of helping investors find the right investment for their budget.
If you have any questions on investment property buying strategies, please contact us at Verandah Properties, LLC