Imagine you're a consumer looking for just the right rental. You find a space that is close to your work, provides easy access to shopping, is in your price range and has all the amenities you've ever wanted in an apartment.
As an investor, you take a big risk trying to buy properties
you intend to hold as rentals if you don’t spend a considerable amount of time researching
the area and the purchase beforehand.
While a home might look like a bargain, and something that would be
beautiful after some renovation, it doesn’t mean that the home will rent
easily.
If you’re new to real estate investment, or you find
yourself making the transition from homeowner to landlord, you are discovering
unfamiliar territory. This includes
collecting rent, dealing with emergency repairs, screening tenants,
renovations, marketing and more. Having
to deal with these on a regular basis can make even a savvy real estate
investor turn sour.