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Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

What Makes a “Good” Rental Property

Finding a property to rent can be difficult. You have to identify all the different factors that go into having a property that can be successful and find a property that meets all the criteria. Here are some factors that might help you determine what will make a “good” rental property for you.

Neighborhood

When looking for properties be sure to look at the neighborhood the house is located in. Road conditions, community upkeep, and friendliness of neighbors can increase the property’s’ value. The types of amenities that are offered in the area might play a factor in whether someone will rent a property or not. For example, someone might like to have a gas station or grocery store nearby so they don’t have to travel for groceries or gas. Another thing that could determine whether the property is “good” is the crime rate. No one wants to live in a neighborhood that has the cops as a frequent visitor. Be sure to check the crime rates of the neighborhood before deciding on a property.

Number of listings and vacancies

The numbers of vacancies that are in the neighborhood of the house you’re considering renting is a huge indicator of the potential that your rental property has. If there are a lot of vacancies in the area it may not be a very good rental property. It could indicate that not a lot of people want to live in the area or that the neighborhood is going downhill.

Schools

Schools are a big decision factor when families are deciding which home they would like to rent. When you look at different properties make sure to look at what schools are in the boundaries of the property. It could have a huge impact on who would be willing to rent from you. It would be a good idea to do research on desired school districts in the area before deciding a house to rent.

Size

When deciding on a new property to rent it’s important to keep size in mind. It would be ideal to have the property that is not too big and not too small. Many people who rent homes need them to be large enough for their family but if it’s too large it could be out of their price range. The best way to decide on a size is to look at the amount of rooms it has compared to how much it cost. It’s good to have a property that isn’t too costly but is large enough to house multiple people.

Choosing a property to rent can be scary and definitely has its challenges, but if you invest in the right properties it can be rewarding. Be sure to do thorough research before deciding on a property. If you live in the Cedar City area and want to learn more about property management or houses for rent contact Real Property Management Cedar City at (435) 586-1777. 

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.