Have you ever lived in or rented a home you wound up resenting? Maybe the location turned out to be awful. Maybe you had too many maintenance issues, and an unresponsive landlord to go along with it. Maybe the neighborhood was not what you hoped it would be. None of these situations are ideal, and all can leave tenants with the wrong idea of what renting a home should be like.
Now let’s look at this picture from the other side. Have you ever rented a home you wished was your forever home? Or had clear, open, and regular positive communication with the Landlord? Have you had repairs and requests handled quickly, smoothly, and efficiently?
It is a big no brainer that the second scenario is the obvious choice for which one the tenant would be proud to call home for the duration of the lease.
Tenants are more likely stay in and care for a home in which they are happy with the services that the Landlord provides. But the reverse is also true. Unhappy tenants are more likely to act irresponsibly, and possibly cause intentional damage to the property costing you as it pertains to repairs. So, while the first rule of real estate may be location, location, location, the first rule of Tracy investment property ownership is to choose a home through the eyes of a potential renter. A few features of the home you may want to consider:
- Look and feel clean
- Homes that are 15 years old or newer
- Has a maintained yard
- No quirky layouts
- Close proximity to schools, shopping, dining, and public transportation
If these small things are considered, you will definitely notice the quality and volume of tenants the property attracts. If you think like a tenant in the purchasing phase, chances are you will attract the kind of tenant you want to occupy the home. As always, if you have questions in any part of the purchasing phase, your local Tracy property management team is here to help.
Contact us today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.