So if you decide to go the rental route, there are actually some things that can increase the value and demand for your property! In this video I will be sharing a few strategies to help you find and determine good locations, know what areas you should look for rental properties in, and a few other tips that can help your rental property perform better for you.
Click the video below to watch now.
Hi, I’m Chimene Van Gundy, best selling author and mobile home millionaire, and we’re going to talk about the best places to buy rental property today. You always want to pick an area where there’s lots of jobs. This is really important job growth. We’ll help make sure that you always have a renter for your property. The next one is a strong economy. Make sure that the economy’s rolling and there’s also businesses moving there to increase their profits as well. Population growth, making sure that the population in that area is growing. A good way to find that out and track it. You can go to worldpopulationreview.com and actually track the population growth by county and city, making sure that your property is in an area where there’s amazing and good schools. This is really important because most people will want to live in those areas and you’ll be able to rent out your property faster or have longterm renters. Another area to actually buy rental property in is the LGBTQ communities. Oftentimes there’s waiting lists of people that want in these communities and you actually can make sure that you have a rental property in, sometimes can get higher rents in these areas. And finally, make sure you segment your market. Make sure you’re not well. You’re not actually getting a property that’s in the lowest market or the highest market. Getting rental properties and good working class communities will maintain the value of your property as well as maintaining your rent rates are increasing them. I hope this video has helped you and I can’t wait to see you again in our next video.
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