HomeVestors Says Investors Need Rental Properties

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HomeVestors has over 15 years of experience in the real estate industry. They have worked with many real estate investors, and have learned a lot about how to successfully profit through real estate investments. One of the best ways they have found is through rental properties.

Rental properties are phenomenal investments. Everyone needs a place to live, but not everyone can afford to buy a home. By investing in rental properties, there will always be a need for an investor’s goods…his rental properties. Therefore, the investor is almost guaranteed to have an income of some kind off of his investments.

There are some tricks that real estate investors can use to have better rental success. The first tip is to pick good areas. These are not always the ones you think are hot commodities. Although the latest desirable neighborhoods are good ideas, they also can cost an investor an arm or a leg with no guarantee on the amount of return he may receive. However, places close to public transportation, great schools, and restaurants offer other benefits that are usually a lot more appealing.

The next step is to work with the utility companies. They will help you to figure out which method of running and paying for the utilities is the best. Some investors prefer to have one system for multi-unit properties. Others prefer to have a separate measuring system for each unit. In some ways this is easier. In others, it makes it more challenging to keep up with the utilities between renters. Make sure that the renter completely understands how they will be paying for their utilities.

The third step real estate investors need to work on is attracting good tenants. Getting people to apply for residency is one thing. Finding the renters that are going to appreciate a rental property and take care of it is another story entirely. Social media helps to get the word out quickly on newly vacant properties. A good application process, as well as a thorough background check, credit check, and rental history check should be a good indication of whether or not the candidate will make a good tenant. Although the money is needed, do not accept any questionable tenant. It could actually be harmful to the real estate investor or the property.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level  of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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