Here is some good ideas to keep in mind when your thinking about buying a rental property. Location is the primary factor when it comes to determining how appealing your rental property is to potential tenants. Here are some other family-friendly factors:
Take extra care to secure all doors and windows. Allow your tenants to request additional safety latches, door locks or appliance locks if they prefer. Ensure the home has appropriate outdoor lighting for security. Tighten up any loose handrails or spindles around staircases, and make sure all batteries in smoke detectors are replaced twice a year.
Offer a list of nearby schools and daycare centers along with their reviews. Provide neighborhood crime rates and a map to the nearest healthcare facilities and safety services in order to help families become more familiar with the area.
One of the leading causes of families opting for one rental property over another is the pet policy. Pets can be noisy and destructive, but allowing one pet can increase the number of families interested in your rental. Protect your investment by collecting a pet damage fee in addition to the security deposit.
Appearance and cleanliness
Re-paint, re-carpet, shine up the appliances, and clean up the landscaping. Don’t underestimate the power of perceived safety that comes with a sparkling, clean home.
Ready to buy an investment property? Call me and let go over all your options.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent , Oregon First, Realtors
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