I tell all my investor clients to keep all their rentals in updated, like-new, condition. This is because your place looks better which attracts more applicants which allows you to choose a better tenant who will stay longer and pay you higher rent.
Unfortunately, I didn't follow my own advice and it's ended up costing me $9,000
Since buying my first investment property in Mt Pleasant at age 23, I've been a landlord in Charleston nearly 20 years now. I am very proud to say that I have never had a single day of vacancy in any of my properties. Really, not a single day and I've owned up to eight properties at one time, so I consider myself an expert in that side of the real estate world. These are tips I give to my clients who want to become landlords.
I blame it on HGTV, people are used to seeing all these stunning homes on HGTV with all the modern updates and they want them for themselves. Old is out, new is in.
Here are 12 reasons I tell my clients why they should buy a new construction home.
They must be convincing because 75% of my buyers do end up building a home rather than buying a resale.
