-
We Look for investment properties near strong, vibrant downtown commercial corridors. If the nearby businesses are thriving, you’re in great shape. If the businesses are boarded up or the majority of the businesses are vacant, then think twice before investing in the property.
-
What is the infrastructure of the community? “A-quality” tenants want clean and vibrant parks, highly-rated medical facilities and well-funded police and fire departments.
-
Good schools. Even if your tenant doesn’t have school-age children, living in a community with good schools enhances property values and makes tenants feel better.
-
Whether your property is near a train line or interstate, it has to have access to transportation.
-
A high ratio of owner occupants to rentals. If you’re going to own an investment property in a community you want it surrounded by people who own their homes, not other renters, says MACK Companies CEO and President James McClelland. “More than half of our business is property management,” he says. “We have dozens of people on staff dedicated to maintaining rental homes – from pruning bushes to fixing drain spouts – but not all landlords are like us. It’s much easier to depend on owner occupants to keep their properties up than other landlords.”