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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: What physical characteristics make a good rental property? Posted by michaela-CA on July 18, 2010 at 9:46 PM In Reply to: What physical characteristics make a good rental property? posted by Berry S on July 18, 2010 at 6:15 PM I don't know Riverside, so please excuse if none of this fits. Is it just a small neighborhood or is it made up of several neighborhoods with different characteristics? I think the number one important criteria is the reason that makes people want to move to the neighborhood: - Great schools? That would mean that a 3 or 4 bedroom house would rent quicker than a 2 bedroom one - due to there being children. One story would probably be better, if it attracts people with young children, or if it attracts older people. - Is it an upcoming neighborhood that is being renovated and transitional? Then you're more likely to attract young singles and couples - straight and gay - without children. - Is it a particular style of house that draws people to the area (for example, a historic district with clapboard victorians). Then having a house that is completely different style, even if same BR/BA and sqf is probably not rent as well as the type of house that's the norm there. - If it's a neighborhood that attracts baby boomers and retired people, then maybe having a small yard, that doesn't need as much physical labor, would be preferable. But for families with children a nice sized yard might be more attractive. 2 income earners with long workdays would probably prefer a smaller yard. So, overall, I think it's about working it backwards, that tells you what kind of property is best as a rental in certain areas. Just my thoughts Michaela : Not a foreclosure question exactly, but I thought this may be a good source for info. : I'm looking to buy several single family rental properties in Riverside, CA and need to narrow my parameters to find what I think would be a good long-term rental. I have my ideas but what do you guys think? : sqft : bedrooms/baths : 1 level vs. 2 : yard size...etc? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I don't know Riverside, so please excuse if none of this fits. : Is it just a small neighborhood or is it made up of several : neighborhoods with different characteristics? : I think the number one important criteria is the reason that : makes people want to move to the neighborhood: : - Great schools? That would mean that a 3 or 4 bedroom house : would rent quicker than a 2 bedroom one - due to there being : children. One story would probably be better, if it attracts : people with young children, or if it attracts older people. : - Is it an upcoming neighborhood that is being renovated and : transitional? Then you're more likely to attract young singles and : couples - straight and gay - without children. : - Is it a particular style of house that draws people to the : area (for example, a historic district with clapboard victorians). : Then having a house that is completely different style, even if : same BR/BA and sqf is probably not rent as well as the type of : house that's the norm there. : - If it's a neighborhood that attracts baby boomers and retired : people, then maybe having a small yard, that doesn't need as much : physical labor, would be preferable. But for families with : children a nice sized yard might be more attractive. 2 income earners : with long workdays would probably prefer a smaller yard. : So, overall, I think it's about working it backwards, that tells : you what kind of property is best as a rental in certain areas. : Just my thoughts : Michaela : : Not a foreclosure question exactly, but I thought this may be a good source for info. : : I'm looking to buy several single family rental properties in Riverside, CA and need to narrow my parameters to find what I think would be a good long-term rental. I have my ideas but what do you guys think? : : sqft : : bedrooms/baths : : 1 level vs. 2 : : yard size...etc? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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