Investing in a Rental Property: Tips for First-Timers

Rental Property

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Investing in a Rental Property: Tips for First-Timers

Investing in a property is a big decision, but many Americans have gone that route in recent years, and for many reasons: not only is it a great way to diversify your portfolio, and if you decide to rent it out, it’s a way to make income throughout the year as well. If you can find a property — or if you already own one — that’s in a great location and has a lot to offer someone who is traveling or vacationing, you’re already several steps ahead of the game because location is everything. There’s a lot to consider, however; investing in a rental property takes a lot of time and hard work, especially in the beginning.

A few things to take into consideration include whether there are parks, restaurants, and attractions nearby, if the spot is popular with tourists, and how much similar homes are renting for in the area. You’ll want to do your research on the neighborhood and find out what renters are looking for, design-wise; are families attracted to the area, or is it a youthful spot full of nightlife? These details matter when you’re trying to find clients.

Here are a few things to consider.

Do the Leg Work

Investing in a property in order to rent it out takes quite a bit of work and research; you’ll need to think about the location if you don’t already own the property, as well as find out what nearby rentals are going for. Think about the fact that homes with great views that are close to spots like parks, lakes, or the ocean are the ones that can fetch quite a price, and if you decide to sell at some point down the road, you’ll have an easier time finding a buyer. Do a little homework, in the beginning, to nail down the details; you’ll thank yourself later.

Consider the Profitability Factor

When you’re renting out a property, it’s essential to make sure you consider how profitable it will be by looking at the neighborhood, the amenities you can offer tenants, and the details, such as what the weather is like year-round. If you invest in a home that you can rent out to skiers in the mountains and get a good deal, consider that you’ll have to take care of the upkeep and repairs on a home that could potentially have damage from snow, ice, and wind. If your year-round home is far away, it may be a hardship to take care of your rental. Make sure you understand the true costs before you jump in.

Create a Web Presence

Creating a web presence is essential if you want to attract customers to your rental. From giving clients a way to communicate with you to having a space to show off your rental property using photos, having an engaging website and active social media accounts will go a long way toward helping you find the right people to pair with your home. So, look for a web platform that fits your budget but still offers everything you need, and create social media pages for your property that will help you connect with potential clients.

Give Them What They Want

Renters in different areas of the country will be looking for different amenities, so it’s important to do a little homework online to find out what you should offer in your rental. From updated bathrooms to extra sleeping areas, the things renters will shell out big bucks for vary depending on which state you’re in. Think, too, about how the home’s resale value will be affected.

Investing in a rental property is a great way to earn extra income while taking steps to make a solid plan for the future, but it can be an overwhelming job if you aren’t properly prepared. Make sure you understand your legal obligations before you get started, and think about the easiest ways to stick to your budget when it comes to furnishing and designing the home. With a good plan, you’ll be on your way to booking your first guest in no time.

This post courtesy of:
Suzie Wilson ⎸info@happierhome.net  ⎸Happier Home

Investing in a Rental Property: Tips for First-Timers

 

 

 

 

 

 

Just Listed in Vista Pines – Affordable Updated Condo

Just Listed in Vista Pines – Affordable Updated Condo

Vista Pines Condos in Stuart FL

Fabulous first floor 1 bedroom and 1 and a half bathroom condo in Vista Pines that has been completely updated with a newer kitchen, AC and hot water heater.  Newer ceramic tile floor and closet treatments.   Available for purchase at $65,000.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Superior location that is within walking distance of restaurants, boutiques, shopping, grocery shopping and, doctors.  And only a short drive (or bike ride) to downtown Stuart or the beaches.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

 Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

  Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Just Listed in Vista Pines – Affordable Updated Condo

Coming Soon Completely Upgraded Vista Pines Condo

Coming Soon Completely Upgraded Vista Pines Condo

Vista Pines Condos in Stuart FL

Soon to be available, this furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.  Please call Gabe Sanders (772-232-5966) for approximate pricing and showing details.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

 Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

  Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Coming Soon Completely Upgraded Vista Pines Condo

Vista Pines First Floor End Unit Condo Leased

Vista Pines First Floor End Unit Condo Leased in One Day

The old adage of “you snooze you loose” was certainly true as this updated first floor end unit in the Vista Pines complex of Stuart FL was in much demand and snatched up one day after going on the market.

Vista Pines Condos in Stuart FL

Available for annual lease at only $800 a month, this is a furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

 

Vista Pines First Floor End Unit Condo Available for Rent

 

Vista Pines First Floor End Unit Condo Available for Rent

Vista Pines First Floor End Unit Condo Available for Rent

Vista Pines Condos in Stuart FL

Available for annual lease at only $800 a month, this is a furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

 Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

  Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Vista Pines First Floor End Unit Condo Available for Rent