Long-Term Rentals?

Seeking financial stability? Maybe it’s time to explore the
untapped potential of long-term rentals and pave your way to a prosperous
future.

With nearly 35% of households in the U.S. renting their
homes, there’s a strong demand for rental properties – and that’s great news
for homeowners like you!

Armed with this insight, here’s what I tell aspiring
landlords as they start out on their long-term rental journey:

• Location, location, location. If purchasing, choose a
neighborhood with high rental demand and desirable amenities to wow quality
tenants. Think about proximity to schools, parks, public transportation, and
popular attractions. If you’re renting a home you own, a high-demand location
will help you raise the rent.

• Set the stage for success with smart upgrades. Make
cost-effective improvements that enhance your property’s appeal. Fresh paint,
updated fixtures, and modern appliances go a long way in pleasing tenants and
driving up rental income.

• Protect yourself with a rock-solid lease agreement.
Clearly outline tenant responsibilities, rent payment terms, maintenance
procedures, and any rules or restrictions in a comprehensive lease agreement.
Consider seeking legal advice to ensure its effectiveness.

Source:
https://www.nerdwallet.com/article/finance/rental-market-trends

-Megan Stultz

Call or Text 936-537-2587

Megan@Southern-Luxury.com

www.Southern-Luxury.com