We all know that buying a home can be a smart investment. But what about purchasing a property with the intent to rent it out to tenants? There are many factors that contribute to potential success as a landlord. How do you know if a property would get a good return as a rental property?
Many neighborhoods in the greater Wilmington area are prime spots for profitable rental properties. Wilmington is a college town – many students and young professionals live here for a few years while they’re getting settled or figuring out their next move. As a result, Midtown and Historic Downtown Wilmington are ideal places for rental properties because UNCW is a short drive away. The other major rental market in Wilmington is our steady influx of summer visitors. As we at Network Real Estate can attest, short-term coastal rentals can be a great investment for homeowners, especially during peak summer months. Those with homes on Wrightsville Beach, Kure Beach or Carolina Beach can see impressive returns on their ROI if their property is managed well.
Putting the geographic factors aside, deciding whether to rent out a property has plenty to do with the space itself. Renting a house is a nice alternative for students, young professionals and small families who don’t want to live in gigantic apartment complexes but aren’t ready to purchase their first home. Beyond the price and number of bedrooms, there are a few other important factors that can make your rental property appeal to these tenants. Your rental will appeal to more tenants if:
Cece Nunn - Mar 1, 2021
Christina Haley O'Neal - Mar 1, 2021
Ray Pastore, associate professor and Esports program coordinator for the University of North Carolina Wilmington, shares his tech and info p...
Wave Transit’s role in the community’s physical and economic well-being is something Wave’s new executive director, Marie Parker, wants resi...
Cape Fear Catamarans on U.S. 421 customizes, designs and builds aluminum boats....