By Laurence Jankelow, cofounder at Avail
Whether you've owned your two-flat duplex for years or you're trying to decide whether real estate is the right addition to your portfolio, it's important to think of rental property as an investment. Like any investment, your goal should be to maximize returns.
You don't need to predict which neighborhood in town is about to see skyrocketing home values. Instead you should buy a property that has a lot to offer tenants – over time, sustained revenue from rentals is a savvy way to earn money.
Once you have the property, you'll need to know how to manage it successfully, from repairs to tax payments. In this post, I'll outline four strategies to help you maximize your ROI.
1. Take the Time to Invest Wisely
When looking for an investment property, it's important to consider its location, amenities, and construction quality. You should also look for a property that's already fully rented. I...