Business
In this episode, I talk of a more positive experience I’ve had with long term rentals, namely a duplex I bought in Idaho. When looking for a property, you want to find an area where you have a large pool of potential renter candidates and you want it to be in a neighborhood that has low crime rates. I give advice on what to look for in your long term rental, and then things I was able to do and things you can do to help increase your rental income. What I was able to make 3:10What to look for when finding a property 4:10Appreciation amount 7:15Increasing the rent 9:36“Make sure you’re buying in the right neighborhoods. Make sure you’re buying in an area that you think is likely to appreciate. I’m not talking about California appreciation of 20% plus a year, I’m just talking about, is this thing going to be worth 3% more next year than it is this year? And over time, remember the rule of 72 is the numbers double, like if you have a place that does 7% interest, in ten years that thing is going to double the value.” 14:20Reach Out To Keith, Get Help and Resources: https://dincpie.com/