What is the ideal area to rent out?

What is the ideal area to rent out?

Tampa, FL · Member since 2016 · 35 posts · 2 votes

So, basically I'm asking is what kind of neighborhood is ideal to rent out single family homes? 

A.  A neighborhood that has a lot of homeowners?

or

B.  A neighborhood that has many real estate investors renting out properties?

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Investor · Burlington, Ontario · Member since 2016 · 58 posts · 13 votes
10y

A neighbourhood with a lot of job opportunity (ppl move for work) with a B class type of homes ideally, Remember you want to see the people in the area because those are going to be the types of tenants you will have

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  • Investor · Burlington, Ontario · Member since 2016 · 58 posts · 13 votes
    10y

    A neighbourhood with a lot of job opportunity (ppl move for work) with a B class type of homes ideally, Remember you want to see the people in the area because those are going to be the types of tenants you will have

  • Real Estate Agent · Buena Park, CA · Member since 2016 · 743 posts · 424 votes
    10y
    I agree with Bishoy,job growth and steady large employers are key to determining a healthy rental area.Indianapolis,Memphis and Dallas are great because they have affordable properties to buy to rent to steady employees like truck drivers,FedEx,UPS,and air cargo employees whose jobs aren't being shipped to China or anywhere else.Alabama has car and aircraft manufacturers growing and moving in there.North Carolina has techies escaping the high cost of California.God knows everybody is looking to move to Texas for manufacturing what little we still make in America.Georgia has become one of the biggest areas for filming Hollywood movies cheaper.That is where my money is headed in the next 3 years of buying properties.
  • Tampa, FL · Member since 2016 · 35 posts · 2 votes
    10y

    Would I have a chance if I rented out a  property in an area surrounded by home owners? Perhaps if it was like near a school?

  • Real Estate Agent · Buena Park, CA · Member since 2016 · 743 posts · 424 votes
    10y
    Yes,owning rental properties in nice owner occupied areas close to schools and shopping are always in good demand.
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