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Answers (3)
- Jim Stevenson, "therealtorguy"
- Contributions:1111
Hi Yuria,
The lakes area is always popular. I have clients looking for condo's to rent and what they are looking for is a garage or covered parking, basement, and ranch style seems to be more popular with all ages (especially older folks).
There are some nice and affordable condo's near Welch & 14 mile road. Not a lot of amenities like a pool and tennis courts, but this keeps the association fees lower.
Remember, an investment property pays non-homestead taxes which will be higher than homestead taxes. Also, in most cases, the landlord (you) pays the association fee's; some complexes with a lot of amenities have high monthly fee's.
Let me know if I can be of further assistance.
The lakes area is always popular. I have clients looking for condo's to rent and what they are looking for is a garage or covered parking, basement, and ranch style seems to be more popular with all ages (especially older folks).
There are some nice and affordable condo's near Welch & 14 mile road. Not a lot of amenities like a pool and tennis courts, but this keeps the association fees lower.
Remember, an investment property pays non-homestead taxes which will be higher than homestead taxes. Also, in most cases, the landlord (you) pays the association fee's; some complexes with a lot of amenities have high monthly fee's.
Let me know if I can be of further assistance.
- Karen Paytas, "Karen. Paytas"
- Contributions:77
Yuria:
Rental properties are doing well no matter where they are. The condo's in the area you said rent from 1250-1500 per month depending on size. As to your question about what's important. Make sure you're ready to be a Landlord. There will be times when your rental is vacant make sure you can sustain it during these times. Have enough money set aside for unexpected expenses. Screen your possible tenants and make sure you verify their previous rent history.
Good Luck!!!
Rental properties are doing well no matter where they are. The condo's in the area you said rent from 1250-1500 per month depending on size. As to your question about what's important. Make sure you're ready to be a Landlord. There will be times when your rental is vacant make sure you can sustain it during these times. Have enough money set aside for unexpected expenses. Screen your possible tenants and make sure you verify their previous rent history.
Good Luck!!!
- Janet & Graham Ford, "Tulsa RE"
- Contributions:671
At least know the city, state, zip code etc. Without this listed here no one can assist you.
To buy Second House for the investment?
I want to buy a second house for investment located on maple rd and decker rd.
it's 3bed room condo.
is this good area for investment to give rent..
if no, Where is the popular area around novi and walled lake city
I am looking around the house on novi rd and 12,13,14,15mile rd.
also, what should i know and what is most important when i buy second house for investment.
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