A rental property is any property or home owned with the intention of renting it our to tenants that will stay for 12 months or longer. Rentals are popular across the country and are most common in and around major cities. Rental properties must be in desirable locations and need to be priced and renovated correctly to attract tenants.
The top places to invest in rental property include major cities like Atlanta, Miami, and Houston. Some properties that are great for rentals allow for an easy commute to an employer or offer tenants the opportunity to be part of a great school district.
It’s a good idea to buy a rental property if you’re interested in leasing the home to an individual or family for an extended period and collecting rent. It’s also a good idea to buy a rental property as an investment if you would like the opportunity to benefit from rising home prices and numerous tax advantages.
A property is a good rental if the rent and projected appreciation of the property can cover the costs of the mortgage and maintenance. The best rental properties available also have high returns and offer owners the opportunity to continue to increase rents and grow their real estate portfolio.
Top rental properties listed above are not exclusive to Awning. These properties are selected from over 10,000 available properties on the MLS as the best performing investment opportunities. Awning lists them to help investors and buyers quickly start browsing the best rental properties on the market.