Common Rental Property Repairs

by Administrator 21. September 2017 16:29

Tags: ,

Features Of A Profitable Rental Property In Harker Heights, TX

by Administrator 21. January 2015 08:03

From the decision of making an investment in real estate to actually buying a rental property, there are a lot of factors to be considered. The task may be specifically intimidating for the first time investors. There are a number of risks involved and a single mistake can obliterate your returns in the future. Thus, it is necessary that you have an open minded approach and the guidance of a professional real estate agent to take you in the right direction.

Given here are a few features that can help you purchase a profitable rental property in Harker Heights, TX:

  • Neighborhoods: The location and neighborhoods that you choose for your rental property is a strong determinant of the frequency of vacancy cycles you will face. For example, if your rental home is in a locality with schools and colleges or business areas close to it, there are higher chances that you attract more potential tenants and face vacancy only during the vacations.
  • Amenities: Take notice of all the parks, playgrounds, shopping malls, gyms and public transport hubs nearby your rental property. Depending upon your type of investment, these amenities can make a huge difference in your rental income.
  • Employment Opportunities: People generally look for rental properties in an area offering increasing job prospects. If your area is likely to have some big companies in the near future, it will surely attract a lot of potential tenants.
  • Crime Rate: before purchasing a rental property, remember to verify its crime statistics from a nearby police station or a public library. Tenants prefer communities that are safe and secure to live in with families. Also, inquire about the security arrangements in the area and the particular locality you are considering. 
  • Property Taxes: You should be well-informed about the rent amount you will be losing in property tax every year. Higher taxes are not always bad, subject to the community, quality of life, prevailing rent prices and income taxes. As a real estate investor, you should know how all the expenses can affect your profitability from the rental income.

Searching for a profitable rental property that fulfills all the above mentioned conditions might not be easy. However, once you succeed, it will greatly increase your potential for long term gains.

For more tips on how to find a rental property in Harker Heights, TX, contact John Reider Properties at (254) 699 – 8300 or visit their office at 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548.

Tags: ,