As the economy continues to expand and interest rates remain low, now may be an excellent time to invest in a rental property. The following tips may help you make a sound decision if you’re thinking about taking the plunge.
Going Local: Purchasing a local property has some distinct advantages. You already have a feel for the
neighborhoods and you’ll be nearby should your tenants need you.
Covering the Gaps: Renters come and go! MSN Money recommends saving enough to cover six months ofvacancy before purchasing a rental property.
Preventing Headaches: Home systems and appliances have limited life spans. Purchasing an Old Republic Home Warranty Plan may help relieve stress by providing budget protection and giving you access to qualified service providers when covered items fail.
Screen Prospective Tenants: However nice they seem, always run a credit check and talk to prior landlords.
Call us today for more information: 480-240-9724 ext. 1 or send us an email: info@azexp.com
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