for providing me with the fabrics for this room!We had a little Halloween party this past weekend at our house for Kennedy and a few of her friends.
Since I now live in a small town, I wanted to know a little about how you might approach an income property differently in a small town versus the big city.I was honestly wondering if there was really much of a point in investing in income properties outside of a major center, but he let me know that there’s a market for rental units anywhere you go..
When approaching an income property in a small town, think of the location.You want to be closer to downtown and conveniences and less towards the outskirts of town.The other thing to look at is what your competition is.
You won’t need to compete with big fancy condos, so it might make sense to scale back a bit on some of the investments you make on the property.Look at what other units are being rented for in the area and invest accordingly.
If you outfit the space with the best of the best, you still won’t be getting $4000 a month in rent, the way you might be able to downtown in a big city.
Still think about durability, but think about who will be renting as well and what they’ll be willing to pay.. Kennedy and I have been watching Income Property quite a bit the last few weeks and honestly, as much as I love the show, I have to say that I’m a little mad at Scott.It’s this one here:.
Why are there pumpkins in the picture, you ask?Well, that’s just because this room hasn’t been close to clean enough to have a picture taken of it in at least 4 months.
So you get pictures from October instead.You can handle that though, can’t you?