With monthly rent checks from tenants, becoming a landlord will supplement your current income. Providing a comfortable, safe place to live is a top priority, so research all options before choosing a rental property to buy. To help with the search, follow the below advice. 

What to Consider When Looking for a Rental Property

1. No Structural Problems

Although maintenance and repairs contribute to landlord costs, don’t sink all your money into a fixer-upper. Ideally, you should only have to perform a few renovations to make the property more appealing to potential tenants, such as painting the interior, deep-cleaning carpets, and fixing wobbly cabinetry. Stay away from spaces that need new flooring, foundation work, walls, appliances, and other major changes to be inhabitable. 

2. Simple Landscaping

In the rental agreement, you might require tenants to maintain the yard. Not every renter will have a green thumb, so steer clear of properties with flowerbeds and other landscape features that require constant upkeep. Instead, look for properties with simple landscapes with turf grass that needs to be mowed or gravel tenants can rake on occasion. 

3. Enough Bedrooms

When deciding how many bedrooms the rental property should have, consider the type of tenants you’ll rent to. If the property is near a college, for example, you might want to get a studio or one-bedroom for a student to live alone. In a residential community, you might rent to people with kids. Choose a rental property with three-bedrooms or more so a tenant’s family can grow in place.

If you plan to buy a rental property in Sacramento County, CA, contact the professionals at Realty Roundup Inc. in Elk Grove. In business since 1978, the full-service property management company helps screen tenants, prepares lease agreements, facilitates daily repairs and maintenance, manages work orders, and provides additional services for property owners. See all the ways the team will make owning a rental property easier online and call (916) 685-6601 to start making arrangements.