Is Purchasing A Rental Property The Right Choose For You

This morning a new client came in with some questions regarding purchasing a property to use as a rental. Besides the mortgage and taxes what other costs would he have? One of our sales agents discussed what his responsibilities as a landlord would be. Of course this included the upkeep of the property but many other things that some don’t realize until they purchase a property and begin to rent. You will want to furnish your property with comfortable furniture and bedding. The kitchen should be well supplied with cooking utensils, pots and pans, flatware and glassware. You should offer a dvd player, cable tv, and wireless internet. You will have to supply trash pick-up, hire a cleaning service and have the house cleaned once a week (between check-ins and check-outs) and have the lawn mowed weekly. Comfortable outside furniture on the deck or patio also makes your property more inviting. Rememeber there are many potential tenants looking for vacation rentals and you want them to choose yours. You want them to be comfortable and happy because you will want them to return year after year. To see if it would be cost effective for you to purchase a property to use as a rental and find out what other costs you may have, stop in and talk to one of our knowledgeable sales associates.

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