One way some people are coming up with a way for secondary income is to buy a home from a tax deed sale and then rinse it. Here are some ideas on what to look for when you want to select a property that may be good rent material.

1. You want to buy a home in a community that is growing rather than having people leaving. That will provide a better selection of customers who may want to rent your home.
2. If you’re looking for a good deal, by way of deed, then you might want to consider 10 or 20% cost of the overall worth of the deed property as your point of investment. That would be a good range.
3. Sake of brick exterior is considered a more desirable surface then other items when considering renting of a home. It’s more stable and indicates higher quality.
4. Many people want to rent a home that will maximize their convenience. This includes a home that has a garage
5. As you decide upon which home to buy and later rent, you would will want to consider the quality of the neighborhood and surrounding resources that make the location. A convenient place to rent. This may range from easy access to main highways and roads to schools, stores, and perhaps entertainments.
6. The status of the neighborhood should also be a part of the determination. When choosing a home to rent. This would include avoiding areas that show signs of crime and graffiti.
7. Many people don’t like having of responsibility managing a rented home. So for usually 10% of the rent, the homeowner can hire a managing company to take care of the residents on the homeowner’s behalf.

If you have rented a home or have some experience and advice to renting a home, please feel free to share your input in the comment section of this blog.