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Investing in residential rental properties is safe and profitable, but one of the bigger challenges is securing funds for a down payment. However, the answer might be easier than you first thought. Accessing the funds you need so you can invest in real estate may not be that difficult. You may be able to fund a rental property purchase in Hays by using your 401(k) plan or an Individual Retirement Account (IRA) if you have them. What’s more, if you plan carefully, you can use a retirement account to fund an investment in real estate, and it could result in little or no tax implications. By making use of the money you currently have, you can invest in a much more profitable future now.

An IRA or 401(k) is a long-term savings account with tax advantages you can benefit from if certain IRS regulations are followed. Sometimes, these retirement savings accounts are self-directed. That means that you can choose how to invest the funds in the account. For example, a self-directed 401(k) can be placed in mutual funds, bonds, and much more. Nonetheless, the law prohibits direct investment into real estate from a 401(k). So, to get your 401(k) funds, there are a few more things you’ll need to do.

To use a 401(k) to invest in real estate, you basically have two options. First, to take a loan against your retirement account, or second, transferring the funds in your 401(k) to an IRA account. The difficulty when it comes to taking a loan against a 401(k) is that it might result in those funds being taxed. Most investors would rather avoid paying unnecessary taxes. For this reason, it would be more advantageous to transfer your 401(k) into a self-directed IRA. The transfer itself is typically tax-free. In addition, and unlike a 401(k), many IRA accounts can be used for a wide range of investments, including real estate.

To arrange for a self-directed IRA, you’ll need to go through an IRA custodian such as Equity Trust, Community National Bank, IRA Services Trust Company, or others. The new IRA account can be funded by using an existing IRA or rolling over a 401(k). This process is something your IRA custodian should know. Then, when its time to purchase your residential rental property, you’ll need to submit a direction of investment form and get it approved. When the form is approved, you can request the funds needed to finalize the purchase. To accomplish this, the name of your IRA must appear on the title of the property. This permits your custodian to issue funds. You would then be an investment property owner through your IRA account holder.

Because of the way the ownership structure is set up when you use an IRA, all ongoing expenses and revenue from the rental property would need to be coursed through your IRA custodian account. This also means any proceeds from the eventual sale of your investment property. When you sell a rental home that was purchased with an IRA account, the proceeds from the sale must remain in the IRA account. The benefit of choosing this method is that these funds aren’t taxed right away. Instead, the tax liability is pushed back to future use of the funds.

Another thing you should know when investing in real estate through a self-directed IRA is that you aren’t able to manage your rental property by yourself. Instead, you’ll be required to hire a professional property management company such as Real Property Management to handle the daily operations of the rental property. However, by no means is this a limitation; this method to real estate investing is in line with current business models, where an investment property owner partners with quality professionals to grow their wealth.

There are few investment options that come with the stability and potential that residential real estate has to offer. When you join up with Real Property Management Alamo, you are getting the services of a comprehensive and professional team of property management professionals that work for your best interests. We will assist you in your investment activities. We will deal with everything, including the ordinary everyday tasks, leaving you free to expand your investment portfolio into complete financial freedom. Contact us or call us at 210-600-5672 for more information.

The post Fund Your First Hays Rental Property with a Self-Guided 401(k) appeared first on Real Property Management Alamo.

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Your tenants may be doing things that damage your rental home’s kitchen without even realizing it. A kitchen is formed from multiple components, from the floors and countertops to the appliances and cabinets. Every element must be used properly and treated with care, or they may get accidental damage.

Through misunderstanding or neglect, unintentional damage to the kitchen can be very costly for investment property owners to fix. However, when you understand how the damage happens, you can educate your tenants on proper kitchen maintenance. This will help keep your Castroville rental homes in good condition.

An attractive kitchen is sometimes the reason why a tenant chooses one rental home over another. But a kitchen can also experience a lot of unnecessary damage if it is not being properly maintained. Tenants probably don’t know how to take care of a kitchen’s floor, countertops, or cabinets, unintentionally damaging these features in the process.

Keep in mind that wood or laminate floors can be scratched or gouged by heavy furniture, heavy foot traffic, and even pets. Tile floors are known to be more durable, but grout can stain or become damaged by strong cleaners or even magic erasers or scrubbers and dropping heavy objects can crack or break tiles. This wear and tear might begin as a little amount, yet over the years it will result in a kitchen floor that must be removed and a new one installed years before its expected life is over.

Countertops are another hard surface in the kitchen that can be unintentionally damaged by a tenant, no matter how careful he or she is. Countertops can immediately become permanently stained or discolored by setting hot dishes and pans directly on the counter surface, as well as scored by knives from cutting food without a cutting board. A tenant would not even think it possible that a hard stone like granite can be damaged by heat, sharp objects, and harsh cleaners. But it can and it would lead to expensive repairs.

Cabinets are another kitchen element that is often accidentally damaged by tenants. The most frequent kind of damage to cabinets happens when a tenant cleans them improperly. Many household cleaners will take the finish off wood cabinets, as will products like magic eraser sponges. Cabinets that have been stripped of their protective finish are disposed to be further damaged by heat, steam, and grime build-up, which will be harder to get rid of at each cleaning.

While damage to each of these parts can lead to costly repairs, few things produce more problems than appliances that are improperly maintained. Refrigerators, dishwashers, and ranges need regular maintenance and proper use to keep functioning properly for many years. For example, the useful life of a dishwasher can be severely shortened if a tenant doesn’t know how to load it properly or uses too much soap. Dishwashers also must be cleaned several times a year by running an empty cycle with a dishwasher cleaner or a cup of vinegar, or risk clogged drains or blocked sprayers.

Utilizing the wrong cleaning products on an appliance is another typical cause of unintentional damage. Ovens, stovetops, and refrigerators can all be scratched or damaged by harsh chemicals or cleaning brushes, making them operate poorly and look unsightly. Cleaning is an integral part of good appliance maintenance, but it must be executed properly or else the appliance may conk out and need to be replaced.

Proper kitchen maintenance is an important subject to educate your tenants in. It’s vital knowledge to have when managing a quality rental home, but it can be difficult to teach this to your tenants without damaging the landlord-tenant relationship. The experts at Real Property Management Alamo are happy to help out with this.

We can lend you a helping hand by disseminating vital information to your tenants while being able to encourage good relations. We can even make certain that your tenants are doing their annual maintenance responsibilities in the kitchen, executing the daily upkeep of your Castroville rental home an effortless and manageable process. If you want to know more about what we can do to serve you, don’t hesitate to contact us online or call us at 210-600-5672.

The post Are Your Castroville Tenants Damaging Your Kitchen Without Knowing It? appeared first on Real Property Management Alamo.

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By investing in single-family rental properties, early retirement is not only viable but also may be more straightforward than you think. If you have not considered the pros and cons of using real estate as one aspect of your retirement income strategy, you may fail to take advantage of the fast track to financial freedom.

Procuring marketable properties in Buda and taking care of them properly can definitely get to be the most valuable segment of a retirement plan. Real estate is another good way to diversify an investment portfolio, making sure that your entire retirement income is not bound to a volatile stock market.

It is common knowledge that some of the wealthiest people in the United States became prosperous through real estate investing. Even so, advances in technology and new business models have equipped even small investors to capitalize on the power of real estate investing for substantial financial freedom. For the most part, real estate typically gives better annual returns than savings accounts or even 401k plans and is usually much more stable than stock and bonds. What this signifies is that by investing in Buda rental properties, you are increasing your investment dollars in opportunities you had not given a thought to up now.

A superb rental property must pay itself off over the life of the mortgage. Over the long term, having a rental property costs an investor minimal outside of the down payment on the grounds that the rental payments are used to pay off part or all of the mortgage and other costs.  Any excess rental income can be utilized to replenish those funds or re-invested to grow a retirement fund even more. After the mortgage is fully paid, rental income can continue indefinitely. Traditionally, rental rates increase progressively annually, which would essentially create an income that keeps pace with inflation.

For now, well-maintained property is liable to continue to appreciate. This implies that should you decide to sell, the property should command a lump sum payment of more than the original purchase price. Assuming a 3.4% increase each year, a property would roughly double in value over 30 years, a sum that could then be converted into an annuity and provide an ongoing monthly income for another 30 years.

Ponder over this straightforward illustration: an investor buys a median-priced single-family home and puts 20% down. Monthly expenses would include average maintenance costs, insurance, property management fees, and property taxes. Monthly income would equal the market rental rate for the property. In today’s dollars, the monthly expenses and rental income from a carefully chosen rental property would balance each other out.

As rental rates went up the following year, the property would go from breaking even to positive cash flow, which would only increase in succeeding years. Like so, rental property investment can get its return on investment over the life of the mortgage and become the beginning of on-going retirement income following that.

To arrive at genuine financial freedom, it is customary to obtain and supervise more than a single rental property. For lots of rental property owners, there are choices to pick from in order to leverage the equity in your existing rentals to achieve the necessary result. Adding investment properties can help you retire earlier than you thought possible and, at the same time, increase your retirement income once you do. There are countless moneylenders out there who can help with real estate investors wanting to own numerous rental properties. Many of these offer excellent services for investors both big and small in scale.

A good deal of people is concerned about the time and toil involved when it comes to supervising a rental property over a length of time. But that is an obsolete way of picturing real estate investing. Nowadays, Buda rental property ownership can be hassle-free by hiring the best property management team available.

At Real Property Management Alamo, we spot and screen tenants, handle collections and bookkeeping and take care of maintenance and repair requests. We also help maximize your rental income with market assessments and by setting accurate rental rates, ensuring your rental property remains profitable and in good condition for years to come. Contact us online or call us at 210-600-5672 if you have any questions.

The post Financial Freedom: Investing in Buda Rental Properties for Early Retirement appeared first on Real Property Management Alamo.

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Effort and regular maintenance are needed in caring for a rental home. A good quality tenant appreciates this and will do their best to help property owners keep their Boerne rental homes clean, maintained, and in good repair. But there will be occasions where well-intentioned tenants will accidentally damage a home’s interior surfaces.

Sometimes unintentional damage comes about because a tenant simply does not know that what they’re doing could cause harm. Other times, damage to property is because of accidents or as the result of a tenant’s poor decision. Property owners would greatly benefit if they knew the common ways a rental home’s interior surfaces can sustain inadvertent damage. Knowing this would aid them in keeping their tenants informed and their rental homes in excellent condition.

When surface damage goes beyond basic wear and tear, tenant negligence is usually the source. Countertops, floors, and even sinks and bathtubs are usually very durable that they can go through constant heavy use for many years. However, many tenants aren’t aware of the proper ways to take care of these surfaces or how to protect them.

To illustrate, kitchen and bathroom countertops can typically handle daily cleanings, food preparation activities, and a few spills with no issue. But countertops can be tarnished by harsh cleaning products, particularly those containing bleach or ammonia. The type of cleaning product should be picked based on the variety of countertops that are in your rental home.

Countertops can be damaged in other ways, such as placing too much weight on a countertop. They could be damaged when there is an unusually heavy appliance or even a person standing on it.  Some countertops may be damaged by placing hot pans or appliances on them, such as a toaster oven or a slow cooker.

Even a curling iron can cause burn marks on a bathroom countertop and can be difficult to remove. Cutting and chopping directly on a countertop can create small indentations that damage the surface, and these indentations could turn into greater problems down the road.

Floors are another interior surface that tenants often accidentally damage. There are a lot of things that could go unnoticed even under a watchful tenant’s radar. Small leaks under a refrigerator or a drip under the cabinet from a sink water supply line could go on unnoticed, and these could, over time, create permanent water damage in a kitchen floor.

Moving furniture is one of the biggest culprits of unintentional floor damage. Moving heavy items across a laminate or wood floor can cause scratches, gouging, and tears. This is usually the way most carpets get torn. Putting heavy furniture in the wrong spot can crack or chip tile floors, also dropping heavy items, such as exercise weights or even books. Just like countertops, cleaning with the wrong cleaning products can permanently damage a floor, stripping off finishes and creating unsightly stains or bleach spots.

Bathtubs can also sustain accidental damage from harsh cleaning products. On the flip side, a usual mistake is not cleaning often enough. When you don’t clean a surface, you allow mineral deposits from tap water to build up and, eventually, they will be almost impossible to remove, or worse, allow mildew to form.  The same with tile, you shouldn’t place anything too heavy in a bathtub as it can cause cracks. The bathtub should be used for what it was made for or else a whole variety of problems may come up, from unfixable scratches in a solid-surface unit to rust or coloring dye stains.

The best method to help tenants avoid unintentionally damaging your rental home’s interior surfaces is by informing them. Teach them to understand how to properly clean countertops, move heavy furniture, and so on. Doing this can greatly help prevent expensive repairs. At Real Property Management Alamo, we serve with both tenants and property owners to make sure that all parties care for the rental home with more than just helpful intentions, but with real practical knowledge as well.

The post Are Your Boerne Residents Damaging your Rental’s Surface Areas? appeared first on Real Property Management Alamo.

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Seeing to it that routine maintenance is performed on the yard of your Bluff Springs rental property is just as vital as maintaining the interior. The point-person for making sure the landscape is well-maintained should be spelled out in the lease. However, many landlords wrongly assume that since their tenant agreed to care for the yard, that they will also edge, trim and complete the necessary but less frequent tasks, such as aerating the lawn every year. But because this activity takes special knowledge, skill, and equipment, chances are that it is up to the property owner to take care of it.

Aerating a lawn is an important part of keeping it green and healthy. A lot of experts say that aeration once a year would be a good thing. This is especially true if your rental property has soil with a lot of clay, is heavily used, or is otherwise tightly compacted. Aeration requires special tools, such as a machine that will cut a small round plug in the grass and dirt beneath and pull it out. There is also a device that makes holes in the ground with spikes, but this method, if not performed correctly, can actually make matters worse, and is not recommended.

The aeration process is needed because when the soil becomes too compacted, water and fertilizer will have trouble going down to where the roots of the grass are located. If the yard is neglected and this was to happen, the grass will be unhealthy and turn yellow or brown. It would develop bare patches and would be prone to disease or pests. Ignoring the issue won’t solve anything. No matter how much watering or mowing you’d do, it won’t help if the nutrients don’t get to reach your grass.

This appears to be a lot of work. Why not choose Real Property Management Alamo to do this and your other annual maintenance responsibilities instead? We perform regular evaluations on all of our properties to ensure that your residents are keeping up with the basic yard maintenance. But we also have connections to top lawn care pros and will handle all of the larger or less frequent maintenance items for you. To state it plainly, we will work to give you what you want: keeping your rental home’s lawn thriving – and its property values escalating – for many years to come. If you want to know more about what we can do to serve you, don’t hesitate to contact us online or call us at 210-600-5672.

The post Who Should Take Care of Lawn Aerating for My Bluff Springs Rental Homes? appeared first on Real Property Management Alamo.

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When the high temperatures of summer start, the last thing you and your Austin tenants desire is to be faced with an air conditioner breakdown. The issue is that A/C units oftentimes stop working during the most blazing hot times of the year, making not only a miserable predicament for your residents but a fair amount of hardship for property owners too.

Managing to get an air conditioning unit serviced during the summer period can be an extended and tedious undertaking. Technicians are often overwhelmed with service calls, which means a long, sweaty wait for many. Besides, they may ask more in payment for their maintenance and repair services during crucial moments, leading to a charge out of the blue. Renters will be dissatisfied every time a technician can’t pay a visit with all possible haste. This will markedly escalate the likelihood they’ll set out to hunt for some other rental home.

An air conditioner that is properly maintained is far less likely to break down, and spring is the best time of the year to have your air conditioner inspected and serviced. Frequent upkeep on the air conditioning units in your rental properties is a critical component in making sure each works properly again and again. A good A/C unit should last 10 to 15 years, a number that can often go up with proper maintenance. An A/C unit kept in good condition is more adept and produces higher quality air quality as opposed to one that is not, both of which are critical to the long-term potential of your rental property’s HVAC system.

Accordingly, servicing and maintenance have to happen in advance of the high summer temperatures and the rush of service calls. By having your A/C unit cleaned, tested, and tuned up each spring. You can avoid those emergency calls and lengthy, expensive repairs. It’s conceivable to do some manageable maintenance on air conditioning units yourself supposing that you have the occasion and expertise. For example, the condenser coils can be cleaned with a garden hose, and filters should be checked and replaced at least once per quarter, and the ducts vacuumed out regularly. Practically all other maintenance items should be rightly left to an expert, which includes replacing the refrigerant.

Similarly, repair chores are pivotal in keeping your cooling system running smoothly and your occupants in good spirits, but this can waste some of your invaluable time. At Real Property Management Alamo, we can arrange professional A/C maintenance appointments every spring for your Austin rental houses. We will ensure that your tenants are cool and content every summer and that you are getting the best return on your air conditioning system. If you are curious to find out more information, please contact us online or get on the phone and dial 210-600-5672 today.

The post Keeping Your Cool: Ensure Austin Tenant Satisfaction with Springtime A/C Maintenance appeared first on Real Property Management Alamo.

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Rental houses come in different proportions and designs, like the rooms within. Depending on the design and age of the San Marcos property, you may learn that by today’s standards the bedrooms in your rental home are somewhat small. Rooms that feel dark and cramped are not appealing to potential tenants and may make it difficult to get your rental home leased right away. The good thing is there is much that you can do to upgrade the effect and ambiance of small bedrooms. By adhering to one or two principles, you can set up the bedrooms to seem considerably bigger than they really are.

The paint color is often the first place most design experts begin. When it comes to tiny spaces, your option of paint can make an immense change. Interior designers suggest using light colors in a single color family. Coordination is pivotal to make small rooms seem considerably bigger. Dark or bright colors and accent walls will divide the flow of the room, making it look smaller.

One more essential design strategy is to paint the trim a lighter color. White is a strikingly sought-after choice as a result of the way it reflects sunlight and gives a clear, open feel to space. When the trim is a softer shade than the wall color, this produces a sense of depth that can help a small room seem of considerable size.

Obviously, one of the easiest approaches to make a bedroom look immense is empty space. Ill-lit or big light fixtures, lengthy, cumbersome window hangings, and any more features can easily cram-full an itty-bitty room. Using furniture with narrow lines and legs that lift it up off the floor can help keep the room from feeling cramped if your rental property is supplied with furniture. An additional tip is to employ the use of sheer drapes and attach them right below the ceiling, capturing the eye upward and imparting the room an open feel.

A few things you can put into practice to make a small room look bigger comprise good lighting and smooth surfaces. A lot of bedrooms are issued with a lone overhead light that may or may not present the room to its best advantage. Consider adding additional lighting to banish dark corners or brighten a closet. For example, reflective surfaces like mirrors or glass can also add luminosity and largeness to a little room. Think about setting in place a tall mirror on a door or close by a window to produce the sensation that space is likely lofty.

Converting a small bedroom from a drawback into a selling point can be troublesome, but we at Real Property Management Alamo are here to assist with your San Marcos rental home. We have contacts with trusted industry professionals who can help you make the most out of every room in your rental home. If you are curious about how we can help or have more questions, please contact us online or by phone at 210-600-5672.

The post Making the Most of Small Bedrooms in Your San Marcos Rental Home appeared first on Real Property Management Alamo.

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The best way to having a profitable Universal City rental home is to draw and keep the best tenants. This entails finding tenants who pay their rent on time, tend to the property, and be friendly with the neighbors. But just because you’ve addressed the vacancy, it doesn’t mean that there’s nothing left to do. One of the greatest blunders a property owner can commit is pushing those same tenants away because of poor communication or negligence.

It’s fortunate that there are plenty of things that property owners can do to retain high-valued tenants. Perhaps the easiest way is to develop a good relationship with the tenant by visiting them regularly and checking up on them. Good tenant communication can go a long way toward a happy, satisfied tenant.

This tactic works well when done together with a second, equally critical approach: being proactive about the upkeep of the property. Tenants want to live in a home that is in great condition and appreciate it when a landlord puts in the effort to maintain it. They want landlords that respond quickly to repair requests, but in addition to that, they really like it when they perform regular maintenance without being asked. A property owner who models good property maintenance practices will inspire their tenants to be proactive and do their part.

On top of regularly scheduled maintenance, owners can improve tenant retention by involving them more directly in taking care of the property. Consider getting the opinion of the tenant about how they are liking the rental home and if any maintenance or repair-work needs to be done. Some owners avoid asking these types of questions. They’re afraid that the tenants would request repairs or replacement items that are unreasonably expensive or unnecessary. But take a look at the alternative: if the tenant leaves, you’ll be spending much more on finding a replacement and getting the home ready for a new tenant than purchasing that new stove (or carpet, or dishwasher repair) that they asked for.

If the case arises that a quality tenant is considering a move, try to find out the reason and whether or not there is anything you could do or offer so they would stay. Usually, if a tenant decides to move to another rental house in a nearby location, there’s a specific reason that can be countered or an obstacle that can be overcome. Remember, keeping a quality tenant is a far more profitable strategy than operating a revolving door rental house.

Ultimately, tenant retention is a skill that can be learned and refined over time. The good news is that Real Property Management Alamo has professionals that are willing to help. We understand what is needed to find and retain quality renters in Universal City. We make healthy tenant relationships look easy and can take care of the day-to-day communication for you. Please contact us online or call us at 210-600-5672 to learn more about how we can serve you with your tenant relations.

The post The Art of Tenant Retention in Universal City appeared first on Real Property Management Alamo.

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Making a rental feel like home is a job that can be extremely challenging. There is so much to be done and the stress can pile on. Making your rental feel like home may be one of the last things that you want to worry about, but in the end it will be worth it. Adapting to your new living situation can be much easier once you feel comfortable in your rental home.

Get unpacked quickly

Unpacking may not be the most fun thing to do but it is absolutely necessary. Try to unpack your boxes as quickly as possible. It’s a lot more difficult to call a place home if you’re having to constantly go through boxes to find things you need for your everyday life.

Put decorations on the walls

Adding your personal style to the walls of your rental can really transform it to feel much more homey. It may seem pointless putting up decorations that you know you will have to one day take down but the personal touch that wall decorations have can really enhance your rental.

Paint or add wall decals

Paint can make a rental feel much more homey. Some rentals may not allow you to paint the walls so you could add wall decorations to have a similar effect. Bare walls can make your home feel generic so adding pictures, clocks, and other wall decorations can change the place to feel

much more homey.

Determine your own layout

Living in a house that is completely designed by the past owner may not be the best idea. There’s nothing that says you have to keep the layout that you move into. Change the layout of rooms and furniture to add your own personal touch to your rental.

Change light fixtures and bring your own lighting

Lighting in rentals are often times not the best. Adding your own light fixtures can help with the lighting and will add a personal touch to your rental. Don’t be afraid to use lamps and other lights throughout your house.

Moving can be stressful and extremely time consuming. However, making your rental feel homey can help with your transition into your new living space. These ideas can turn a rental into a place you call home. If you live in the San Antonio area and want to learn more about rentals contact Real Property Management Alamo at (210) 787-3876.

The post How to Make Your Rental Feel “Homey” appeared first on Real Property Management Alamo.

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Choosing a property to invest in can be scary and definitely has its challenges, but if you invest in the right properties it can be rewarding.There is a lot that goes into finding a property that will be successful. Here are some factors that will help you determine what might make a good rental property.

Neighborhood

A neighborhood can really change the value of a home. The house may be perfect in everyway but if it’s in an undesired neighborhood it can decrease the value of the home tremendously. Road conditions, community upkeep, and friendliness of neighbors can increase the property’s’ value. Another thing that could determine if a property is the best choice is the crime rate. No one wants to live in a neighborhood that has the cops as a frequent visitor. Be sure to check the crime rates of the neighborhood before deciding on a property.

Number of listings and vacancies

Look for vacancies in the homes surrounding the area. It could be a huge indicator of the potential that your rental property has. A large amount of vacancies could indicate that not a lot of people want to live in the area, thus making it not a good property to rent.

Schools

Schools are a big decision factor when families are deciding which home they would like to rent. Before deciding on a property, it would be a good idea to research desired school districts in the area. It could have a huge impact on who would be willing to rent from you.

Size

When deciding on a new property to rent, it’s important to keep size in mind. Many people who rent homes need it to be large enough for their family. However, if the home is too large it could be out of their price range. The best way to decide on a size is to look at the amount of rooms it has compared to how much it costs. It’s good to have a property that isn’t too pricey but is large enough to house multiple people.

Choosing a property to rent can be scary and definitely has its challenges, but if you invest in the right properties it can be rewarding. Be sure to do thorough research before deciding on a property. If you live in the San Antonio area and want to learn more about property management or houses for rent contact Real Property Management Alamo at (210) 787-3876.

The post What Makes a Good Rental Property appeared first on Real Property Management Alamo.

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