Evaluate A Rental Property Purchase – Orange county ca - Goodman Management Team

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How To Evaluate A Rental Property Purchase
www.goodmanmanagementteam.com
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When buying a rental property, you will need to
estimate its value so that you can know how much
you should offer to the seller. Your skills in
property evaluation will greatly determine
whether you will get high profits or end up in
losses. We have few tips on how to evaluate a
rental property purchase before making a final
decision.
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Evaluate The Location
As a real estate investor, you should know that
the location of your property can greatly affect
your net operating income. You should look for a
place which will add value to your property and a
good realtor can assist you with this.
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Evaluate the Cost of Repairs
A good real estate investor should be able to
estimate the cost of repairs in a rental
property. I know this will require some
experience but if you lack this money saving
skill, you can choose a construction expert to do
it for you.
Incorrectly estimated repairs can leave you
wagging in losses which you could avoid.
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Evaluate the Value of the Property With the
Current Market Value
Before you buy a rental property you should look
at the current market scenario and bargain
accordingly. Its very risky to buy a property
during a recession.
A good property is one that you can resell at any
market condition and still get good profit.
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Goodman Management Team
Goodman management team, a professional property
management company. By choosing us you can be
assured of a highly efficient management team by
your side. As you continue to search for a
property manager for your rentals, you soon
discover they all appear to be the same. Monthly
management fees are typically 5.9 to 6.9 of the
monthly rental income. Most provide screening of
rental applicants, maintenance and repairs when
required, and banking of the rent that requires
the accounting department to be involved,
requiring additional costs to the landlord. We
provide property management service to Anaheim
CA, Yorba Linda CA and throughout Orange County
CA.
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Gerry Goodman Real Estate Services 3239 E
Meadowridge Rd,Orange, CA 92867 
Cell [phone] Fax [phone]Email
gerry_at_gerrygoodman.com
www.goodmanmanagementteam.com