STATUS:  RENTED

Beautiful Single Story Pool Home!
3 Bedroom 2 Bath with large retreat/office & additional 1/2 bath.
Approximately 1800 square feet
Great back yard for entertaining with a fenced pool area.
Large corner lot with RV/Boat Parking
Pool service, gardener & trash are included in the rent!
This is a great family home, it won’t last.

Click here for more information and photos.

The current real estate market is full of excellent opportunities for investors. Buying a rental property can be a great way to build your wealth. However, as with most real estate investments, it is sometimes difficult to know if you’ve found a good deal, especially if it’s your first time purchasing an investment property and you’re completing the purchase without the help of a property management company. Here are some suggestions to be sure you are purchasing a great investment property.

- – Location, location, Location-This very basic rule of purchasing real estate applies to investment property too. If the property is located in a high exposure location where potential applicant traffic will be heavier, it will easier to rent. A front yard sign will often pull more response than an ad in the paper. If it is a nice location, it will usually rent faster. Property amenities are also very important.

- – Examine the financials-You must know if you are getting a good deal financially. To do this you must gather all of your monthly expenses and deduct them from the anticipated monthly rental income. You should be at a break even or positive cash flow from the start. If you are you will have a solid investment that will reap tax benefits and future equity.

- – Verify rental history- If you are purchasing existing investment property make sure you ask to see the rental history. Note how long residents are staying on average, and if they pay on time. Do not take over someone else’s headaches.

- – Property inspection-Have the property thoroughly inspected. Make sure everything is checked including appliances, heating & A/C and the electrical and plumbing systems.

- – Low maintenance properties- Look for properties built less than 20 years ago. Avoid properties with deferred maintenance. Look beyond current expenses to see how much maintenance the property may need in the future. Low maintenance means fewer headaches and more profit.

- – Code compliance and tax records- Avoid properties that have costly building code compliance issues. Make sure you check the properties tax records to verify the number of beds, baths and square footage match what you are purchasing.

- – Home prices-Look for properties in areas with high and increasing home prices. When prices are high it will create rental demand. When people can’t afford to buy they rent.

- – Below market rents- Buying existing rental properties with below market rents allows you to immediately raise rents. Raising rents means you raise the value of the property and increase your monthly income.

- – Neighborhood is stable or improving- A stable neighborhood is good. However, if you can buy in a neighborhood that is improving you will rent the property easier and therefore get automatic appreciation in value with time.

Of course having a good property management team in place prior to the close of escrow is a great way in insure that your investment will be a successful one. A good property management company will reduce your headaches, and keep you out of the landlord business.

Kent Forsythe, Licensed California Broker

Member of California Assoc. of Realtors,

National Assoc. of Realtors, Owner of

Superior Property Management. Contact Kent

@ kforsythe@superiorpropmgmt.com