\u00a0When any investor first begins to mull over the idea of acquiring a rental property in the Triad, it\u2019s usually in competition with an array of other investment types\u2014each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)\u2014but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.<\/p>\n

What is<\/i> exciting about rental property is why it has always been recognized as a sound investment. When the income from a Triad area\u00a0<\/span>rental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property\u2019s investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value.<\/p>\n

And with the best Triad area\u00a0<\/span>rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream. Needless to say, choosing the right rental property in the Triad\u00a0<\/span>is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense:<\/p>\n

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• Neighborhood: <\/b>Consider how the overall desirability of the neighborhood is likely to affect its appeal to tenants. Are there attractive amenities like parks, shopping and entertainment venues? What do the local classified ads reveal — is the area\u2019s vacancy rate high or low? How do rental prices compare with adjacent neighborhoods?<\/li>\n<\/ul>\n
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  • Project Ancillary Expenses:\u00a0 <\/b>Determine the historical property tax rates, and what future rate changes are being proposed. Likewise, investigate insurance costs and roll both expenses into your total monthly expense projections. You want to be sure that they are low enough that you can still make a profit from the rental.<\/li>\n<\/ul>\n
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    • Local Dish<\/b>: Expert advice from Investopedia<\/i> is for prospective landlords to speak with renters as well as homeowners in the neighborhood. It\u2019s a good point: \u201cRenters will be far more honest about the negative aspects of the area because they have no investment in it.\u201d<\/i><\/li>\n<\/ul>\n
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      • Schools: <\/b>Rental homes in the Triad\u00a0<\/span>featuring two or more bedrooms will attract families\u2014and that means they will likely have children in school. If a school is nearby the home, it\u2019s likely to be that much more popular with family tenants.<\/li>\n<\/ul>\n
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        • Crime:\u00a0 <\/b>Crime-prone neighborhoods can have higher turnover and longer vacancy rates, so a bargain purchase price may be less of a bargain than you\u2019d hope.<\/li>\n<\/ul>\n
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          • Commute:\u00a0 <\/b>Is the property a long commute from the commercial center of town, or a quick drive? Is there public transportation? Many prospective tenants begin their housing search with their workplace as the center point. Renters will consider this before signing a lease\u2014and you should before signing your offer!<\/li>\n<\/ul>\n

            If you are thinking of looking at rental property in the Triad\u00a0<\/span>this summer, they\u2019re definitely out there. Call me today to discuss some of the many opportunities! 336-505-8970\u00a0
            \n<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

            \u00a0When any investor first begins to mull over the idea of acquiring a rental property in the Triad, it\u2019s usually in competition with an array of other investment types\u2014each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)\u2014but real estate is definitely not […]<\/p>\n","protected":false},"author":2,"featured_media":3624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,1],"tags":[],"class_list":["post-3556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-uncategorized"],"yoast_head":"\n