We live in a litigious society. Be cautious.

How do you know if an investment property is a good rental?

There are a couple basic items to consider when looking at an investment property.  Just like in real estate, rentals are about location, location, location!

If you are considering a full-time rental property, is it close to schools, shopping or allow for easy commuting?  If you are looking at a vacation rental, what is the draw for that area and why do people visit?  Is there a golf course, beach or another attraction that brings people to the neighborhood consistently?  Even a retirement community?  Find out what it is and utilize that. Continue reading “We live in a litigious society. Be cautious.”