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How to Buy a House to Rent
Published on Sunday, 17 January 2010

How to Buy a House to RentThose thinking of buying a house to rent should do so after extensive research, and with the help of these few tips.   1. First, get some ideas from agents about the type of homes renters are presently looking for.   2. Go through classifieds, newspapers and the internet to find out the popular property options and the rent they charge. Invest in properties that have features that are more in demand like a nearby stream or golf course.   3. Choose properties in close proximity with shopping and schooling facilities.   4. It is better to buy well-maintained homes so that there are no immediate repairs to be done to it. Don't expect to get a good rent with shabby looking houses.   5. If you are considering investing a house in development, do so only after you are sure that they permit renting the property.   6. If you hire agents to find houses for you, make sure you discuss their fees.   7. If you expect lots of tourist traffic in the area of the house you invest in, find out if it's better to consider short or long term rentals.   8. Whilst getting your homeowner's insurance, inform them that you will be renting your home out. You will then know if there are any recommendations for landlords in the insurance policy.   Don't forget to discuss with your accountant to find out if the rent you expect to charge is sufficient to cover the amount of money you had invested in the house.

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