Rentals-Your Cash-Flow Machine

If you wish to grow your income and secure your financial future, then consider property investments in the US. Rentals are your cash flow machine. They are money-makers. Once you give your property on rent, you’ll be earning good, monthly!

Wondering why we said US real estate, not Canadian real estate? Well, because thousands of distressed properties are on sale at low prices in the US and lucky for foreign investors, the local investors don’t have the financial strength at the moment to invest big in US housing market. This presents a great opportunity for Canadian investors to tap the US housing market and acquire properties on the US turf before the housing market recovers from the historical real estate collapse of 2008 and the local investors regain their financial strength.

Furthermore, time to give property on rent couldn’t be perfect. Currently, thousands of people across the US are relocating to different states for better job opportunities this has propelled the demand for rentals.

Now if you are interested in earning US dollars on rentals, then follow these great rental real estate tips we have compiled for you.

1.  Remember buying a rental property is different from home buying. Rental property is all about cash flow generation, not speculation about growth. The location mantra is secondary. Location should be a top priority for home owners raising families, not for investors giving property on rentals. Always consider buying property in a state that has a high and a growing employment ratio.

2.  However, this does not mean you neglect location totally. Location plays its own part. It is important to attract quality tenants. Remember quality tenants will gravitate towards homes in solid blue collar areas.

3.  Buy rental properties only in areas where a significant percentage of the properties are owner-occupied.

4.  Invest in property that is in good condition and clean to attract tenants. Remember quality tenants will be willing to pay more for rentals in good condition and nice areas.

5.  Once you buy and give your property on rent, make sure the tenant has the financial strength to pay the rent on time. Conduct a credit check to evaluate the tenant’s financial power. You don’t want to give your property to a tenant who does not pay you in months.

6.  Offer small discounts on rent for timely payment and also enforce late fees so the tenant knows that the rent must be paid on time to avoid penalties. Set the tone early so that there are no problems later.

So, what are you waiting for! Get started now. Find a great money-making US rental property and start earning.