By: Demetrios Salpoglou
Are you ready to live that landlord life? Here’s why the answer should be Yes.
You just found out you’ve been transferred to a job across country. You’ve inherited a home in the Boston area, but you don’t live here and don’t plan to any time soon. You’re planning to retire to warmer climes, but have to sell your Boston home first. Or maybe you’re a budding real estate investor who’s looking to pursue a Buy and Hold strategy in the competitive Boston real estate market.
Owning real estate is a commitment and in Boston that commitment can be pricey. On the other hand, if you’ve put the time and effort into purchasing a home in Boston, you’ve probably seen its value rise over time. You won’t find the kind of equity-building opportunity Boston real estate offers anywhere else in the country.
In addition, the Boston rental market is strong for a variety of reasons. The high prices themselves encourage people to rent rather than buy. The many students and other short-term residents provide a never-ending stream of potential tenants. And the preponderance of young professionals looking for Boston apartments means well-qualified, reliable renters.
It only makes sense financially to hold that Boston home and keep letting that equity build. But living the landlord lifestyle is so intimidating. Vetting potential tenants? Late night repairs? Security deposits? Contracts? These can seem like insurmountable obstacles to someone who hasn’t rented a home before.
The great news? BostonPads.com has so many resources to facilitate the process and help you find your ideal tenant. Whether you are renting an apartment or a whole house, we’ve got the tools and the expertise to help you every step of the way. Here are three reasons renting out your home with Bostonpads.com is the right move for you.
You want your listing before a wide audience, but being one of a score of options may not get you the results you’re looking for. Boston Pads is not a one-size-fits-all real estate portal. We create targeted marketing across a number of separate platforms to ensure that your rental listing appears before clients who are looking for exactly what you have to offer.
With geographic targeting, you can have your listing appear on a site dedicated to your particular neighborhood. With niche targeting, you can show your listing to students, to pet owners, or to other specific potential renters. That gives you the control and flexibility you’re looking for as you decide who you’ll have living in your home.
The most intimidating factor for new landlords is probably the process. Who will see to the details? Who will find tenants? Negotiate and collect rent? Who will make those late-night repairs? All of these factors may be on your mind, especially if you will be living in another city.
But through our network of Boston property management specialists, you’ll have access to industry professionals who are fully licensed and reliable, ensuring that you have the most experienced pros in your corner. From accountants to contractors to residential managers, you can rest easy knowing that the knowledge, processes, and technologies you need to be successful are at your disposal.
Renovations and Remodeling
Need to spruce up your property before you show it to potential tenants? Want to schedule a refresh between tenants? Need reliable repairs to keep your property in top-notch condition? Want to optimize the value of your rental with a timely upgrade or renovation?
The renovation and remodeling experts found on Boston Pads are at your disposal to help ensure smart, cost-effective, and professional contractor services for your property. With contractors and real estate agents available to help you understand the market, the trends, and the way these affect value, you’ll be confident in the choices you make and the people who’ll implement them.
There’s no better time to explore rental options for your home than now, and no better city to take full advantage of the financial upside. Let our BostonPads.com real estate specialists walk you through the process and through all of the ways that we can simplify it for you. From setting the price to finding the tenant to taking care of the property, we’ve got the answer to all of your questions.