Buying Rental Property in Pacific Pines

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Most articles you read talk about how great it is to buy a rental property. Indeed, now is certainly one of the best times there has ever been to purchase property, especially if you intend to hold it for a few years until the real estate market begins to appreciate again.

But let's just cut to the chase: Being a landlord has as much to do with who you are as a person as it does a financial decision.

So if you're thinking about buying a rental property or rental Services for Tenants and Landlords, you might first consider whether you have what it takes to be a landlord.

Even if you plan on hiring a property manager, you still have the responsibility to find a good firm or person to do the job, or you'll lose financially in a big way. (You could also be in trouble if you end up with drug dealers or other unsavory people living in your property.)

Start by looking at the neighborhood(s) where you intend on purchasing the house, apartment, or condo. If you know the area and feel comfortable coming and going, then you're a big step ahead.

Some people don't consider the amount of time they, or their property manager, will spend at the rental property. If you don't feel safe, or if there's a lot of violence that occurs in the neighborhood, you might think twice, unless you're equipped mentally (and maybe physically) to go there.

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