Finding a great rental property is all a matter of careful planning and due diligence. Here’s how our team finds the best properties for our clients.
I’ve been getting a lot of questions about how to find a good rental property, so I wanted to go over our process with you today. It all starts with making a list of all of the properties that fit the criteria of what you’re looking for. Then, we determine the ongoing costs of owning that property, calculating everything from the monthly HOA fees, to the property taxes, to the average utility costs. Once we figure out what repairs need to be made and how much can be collected in rent, we can come up with a good purchase price and get a better idea of the ROI.