What Defines Great Rental Properties?

Finding Great Rental Properties in North Carolina

Today there seems to be more people renting houses, condos, apartments, and other living quarters than purchasing homes. At the same time, the search for the perfect rental can be time consuming. Many are too expensive, or are run by unprofessional landlords who make renters feel uncomfortable. Some are not well maintained and leave people living in potentially hazardous or unwelcoming circumstances that could lead to lawsuits.

So How Do You Find Great Rental Properties?

1. Research the Property Management Companies

   It may sound odd, since the property manager is the last thing you think about when looking for a home, but in the long run, what kind of person do you want to be making your check out to every month? Most rentals today are managed by a property company that takes payments, performs maintenance, and does home check ups on behalf of the owner, who you would rarely converse with. Having a reliable and professional property management company to backup your rental ensures that the home you are about to live in will be well kept, safe, and your monthly payment will not suddenly be lost.

2. What are you Looking for in a Home?

   Most people who rent are usually looking for a temporary place to call home for a few months or a couple of years. Renting a house is great for some people, but not everyone can afford to do this. Why? Because in today’s market, some houses can rent up to the same amount as buying a house. That’s why many people have found it more beneficial for other affordable options, such as apartments, duplexes, townhouses, and condos. Knowing your financial situation before you jump into renting is extremely important, especially with the type of rental you need. Think about how much room, land, and the amenities you actually need, verse want. Being able to afford your monthly expenses along with your monthly rental payment makes you that much more comfortable, getting you a great rental property.

3. Investigate the Property Condition

   Most renters underestimate what the condition of a rental property will mean to them. On the first day in your new rental home, the shower could work just fine, but the next day, the water may be brown. Understanding the condition of a rental property is important which goes back to researching the property managers. A good property management company will keep a rental property updated and working like new.

Now you know some of the basics to finding great rental properties. If you are in Charlotte, North Carolina and you are looking for real estate advice or assistance, contact us and we will work with you.