Many homeowners who have taken the leap into property investing naturally expect good returns. While leasing out property is a good way to generate passive income, you need to proceed wisely to avoid potential money pits. Tap the expertise of realtors such as Coldwell Banker Chicora Real Estate in Myrtle Beach, SC when it comes to marketing your property for rent.
Do your homework
Among other things, you need to sort out the rental rates. Research the market value of rental houses within the area and account for potential fixes to your property. Your realtor may connect you with a property manager to help hammer out a rental fee that is competitive and mortgage friendly.