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SpinDistribute.com Article Directory

The following article was published in our article directory on August 2, 2013.
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The Most Advantageous Attribute Of These Rental Homes Is The...

Article Category: Real Estate

Author Name: Terra Bruns

When you're a landlord, you should have a backup plan for emergency situations. It's not an if scenario, it's a when. You'll have months where a unit is vacant, where the HVAC system conks out, or where your tenant loses his or her job and can not scrape up the rent. You need to be able to cover your payments and repairs without going into debt yourself. If you're intending to manage Santa Clarita rental homes as a method to fund your retirement, you have to have at the very least six months of money saved up in your rainy day fund.

Over the years, I have discovered how to regularly use a particular set of objectives and criteria which have helped me maintain a turn over vacancy rate of less than 30 days per rental property and an average occupancy of 3 years. In addition, my occupants have always taken such good care of my Santa Clarita rental homes that I have never had to withhold any portion of a security deposit. This month's article focuses on the 4 primary objectives to think about in successfully marketing your Santa Clarita rental homes.

As with any piece of property, the most important element is the area. You can renovate, enhance, and enlarge Santa Clarita rental homes but you can't move them to other spots on the map. If you purchase places in preferable communities, you'll have little trouble finding tenants to sign leases. Look for places with easy commutes to jobs and nearby freeway accessibility. They must also be close to public transportation, and be in properly maintained areas. Stay away from high crime areas or those with high vacancy rates for obvious reasons.

Buying Santa Clarita rental homes can be a solid part of a retirement plan if you're practical. You need to make sure you buy condos, townhouses, or properties in desirable locations, that you have sufficient cash flow, and that you have a backup emergency fund to cover any kind of unexpected expenses. If you do all of these things, being a landlord can be a wise method of financing your golden years.

If you're planning for your eventual retirement, you might be wondering if Santa Clarita rental homes are good investments. They can be if you play your cards right. One thing that people will never outgrow their need for is housing. Buying trendy products such as pet rocks, Cabbage Patch dolls, or the latest electronic gadgetry may feel like more fun but let's face it, trends come and go. Housing needs are here to stay because people will continue to need places to live. Just make sure to take area, cash flow, and your back-up strategy in to consideration.

Cash flow is the amount of money left from occupant payments after you pay the home loan, taxes, insurance, and expenses on the property. Ideally, this number should be substantially in the positive. If you're buying Santa Clarita rental homes now but not retiring for twenty or thirty years, you'll be ok with a small amount of profit. If you're planning to retire in five years, you need to either pay cash for the property or be prepared to have it paid off soon. Ideally, you want what you own to be free and clear so the occupants' rent is your income.

When it comes to rental real estate, marketing a rental home, evaluating and deciding on occupants and taking care of rental properties should generally be left up to professional property manager or property management company. However, there are those of you real estate investors out there who, like me, enjoy being intimately involved in every aspect of your rental properties. Like many of you, I have personally managed my portfolio of rental properties for several years now. The 3 biggest challenges I have come across have been properly marketing my rental homes, choosing the ideal tenants and managing the landlord-tenant relationships.

Keywords: santa clarita rental homes, santa clarita rental home, rental homes santa clarita, rental home santa clarita

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