Risks of Investing in Real EstatePosted on 08/05/16
If you’re thinking about investing in rental properties in Destin, Florida, now is a great time to do so! A combination of low interest rates and low home prices means once in lifetime deals with potential for profit.
But as with all types of investments, rental properties have their risks. That’s why it’s important to do your homework first.
Since each investment property is different, it’s important that you find a property that fits your strategy. Do you want to be a property manager and earn rental income? Or would you rather restore and resell properties at a profit? Identifying your goals will help narrow your property search.
If you do decide to go the rental route, perhaps the best way to guarantee your “money back” is to consult a property management company in Destin, Florida. This goes for both vacation rentals and long term rentals. Managers at companies like Southern Vacation Rentals and Southern Residential Leasing can provide you with rental projections, as well as a list of detailed services that might come in handy should you decide to invest. They’ll help handle everything from marketing your property and tenant/guest procurement to general maintenance and upkeep.
Interested in learning more about finding that perfect property to rent out? Contact Kerry Veach today at 850-269-9900.