Rental Property - a Primer
By Vance Shutes, Your Saline, MI Real Estate Connection
(Real Estate One)
If you've decided that you're tired of the ups-and-downs of the stock market, and are bored with a simple savings account, you might be a candidate to become a landlord. Not everyone has what it takes to be a landlord, but those who do, may find that owning rental property can be a way to build wealth.Once you've made the decision to buy rental property, your real work begins. Finding a profitable rental property usually takes time, connections and plenty of research. There's a lot I can write about on this topic, so today I'll just cover the basics. Here's what you need to know to get started: In Our Area:In the Saline area, you'll have a more limited market for rental property than you would in a larger community like Ann Arbor. In general, in Saline, you'll be looking at single-...
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