Single-family rental property investing in Copperas is undergoing an evolution. Traditional models of single-handedly buying and managing one or two rental properties are giving way to new approaches to investing, including build-to-rent, lifestyle renting, and long-distance investing. Collectively, these three aspects comprise the top three considerations that any rental property investor ought to be examining now. In what follows, we’ll take a more familiar look at some of the opportunities you’ll discover with each option.
1. Real Estate Investment Build-to-Rent Properties
One of the newer and rapidly growing trends in the housing industry is build-to-rent investment properties. In a market wherein the demand continues to beat supply, investors and even home builders are choosing to buy new homes for the express purpose of renting them out. Developers and investors have both understood the advantages of new builds as investment properties. Maintenance costs tend to be lower, profits from renting tend to be higher than sales, and tenants who have gotten used to living in aging homes are often eager for something brand new. While builders-turned-landlords are creating more competition for single-family rental home investors, the demand for such properties remains very strong. This is especially true among young adults who have been priced out of a very competitive housing market.
2. Renting as a Lifestyle Choice
Along with those who are unable to buy, another important trend that you should be examining is a new wave of people who are renters by choice. Millennials and Baby Boomers, in particular, have shown increasing interest in opting out of homeownership in exchange for the flexibility of renting. For these demographics, location, community, and lifestyle are often more important than owning their own homes. Rental property owners who are staying ahead of this trend have responded by offering additional amenities and services, catering to the lifestyle renter’s desire for freedom from home maintenance, long commutes, and even paying utility bills. For these folks, paying a higher rent is an acceptable trade for proximity to urban environments and all the benefits that come with such locations.
3. Long Distance Investing
The old ways when you needed to live close to your investment properties have long been gone. As more and more single-family rental home investors have noticed, long-distance investing is rapidly turning out to be the new standard for investors. With all the benefits that come with technology and professional property management services now free to access, there is no need to limit your property searches to your home market. Really, living in one city and owning properties in one or more others is genuinely becoming the path to success for many investors. Although it may take time at first to set up the team you’ll need, the minute you have real estate and property management professionals, you can trust you can buy and rent properties just about anywhere. So even if housing prices in your city are out of range, all because of today’s technology, you could be investing in some of the hottest markets in the country – wherever that may be.
In Conclusion
Even though rental property investing is changing, the need to do thorough research on each potential investment has not. For this reason, Real Property Management Apex offers investors free rental property analyses. Our Copperas property management professionals are not only some of the best in the property management industry; we also work with investors to help you determine if the rental property you’re considering is the right choice. Contact us today for more information on the quality services we offer rental property investors like you!
For more investment advice, check out our related blogs:
- What Does It Cost to Own a Temple Rental Property?
- When Should a Landlord Hire a Property Management Company?
- 8 Things to Check on a Property’s Exterior Before Buying
- 5 Principles for Investing During Uncertain Times
- 10 Ways to Motivate Your Cameron Employees
- How Much Money Should I Keep in an Emergency Fund?
- Saving a Down Payment for Your Next Harker Heights Investment Property
- Five Things (Beyond Rental Rates) to Evaluate in a Brazos County Rental Property
- Three Drawbacks of Having a Real Estate Investing Partner in Belton
- Four Benefits of Having a Real Estate Investing Partner
- Motivation: The Keys to Success in Real Estate Investing
- Financial Freedom: Investing in Harker Heights Rental Properties for Early Retirement
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
