Property rentals are properties that owners lease out to tenants for residential use. Examples include homes, apartments, condos and townhouses. Owners can also treat part of their own home or garage as a rental and write off the mortgage interest, taxes and other expenses against the rental income they receive.
There are many different types of rental property, including commercial and industrial properties. Commercial rental property includes offices, warehouses and retail stores. Industrial property, on the other hand, includes factories and manufacturing facilities.
If you are interested in investing in a rental property, it is important to do your homework before making a purchase. A great place to start is by researching the cost of comparable properties in your area using a real estate data site such as Rentometer. The site allows you to search by zip code, view three-year trend and moving average charts, see an interactive map with street view and year built, as well as tax and last sale information.
It is also a good idea to speak with local real estate agents to get their opinion on the market. Real estate agents can help you determine the best type of rental property for your investment goals.
Another option for finding rental properties is by searching online classifieds sites such as Craigslist. However, it is important to be wary of scams and posts that seem too good to be true. It is also a good idea to meet prospective landlords in person and take someone with you when viewing property. Property rentals