How to pick the location for your 3-family: Where would my tenants want to live?
By Brent Bell, CRS, e-PRO, GRI, Hartford County
(RE/MAX Premier, Realtors)
Sometimes investors, in their quest for the "best price," lose sight of their long-term goal. For most investors, a very low vacancy rate, a strong pool of potential tenants, and the ability to raise rents more than average every year are all important priorities as they strive to improve the performance of their investment. Here are some reasons tenants have given for choosing to rent my clients' rental units: A) I can watch my middle-school student make it to school from my back window!B) There is parking in back for both cars, so we don't have to park on the street!C) I know this landlord will address any problems within one to three days!D) I don't drive; this 3-family is on the bus line!E) There is space in the backyard for my daughter to play!F) This is a quiet neighborhood; I nee...
Comments
0