Buying Rental Properties Philadelphia PA

Buying rental properties can be a great way to build your wealth. Here are some things to look for to be sure that you’ve found a good deal.

Local Companies

PHILLY EXTENDED STAY
215-317-5300
1112 PINE STREET
PHILA., PA
Chestnut Hill Village Apartments
866-785-2003
7800 B. Stenton Ave
Philadelphia, PA
Drexelbrook Apartments
(610) 259-2717
28-1 Drexelbrook Drive
Drexel Hill, PA
Centro Properties Group
(610) 834-7357
Two Tower Bridge, Suite 300
Conshohocken,, PA
Korman Communities
215-752-1430
3300 Neshaminy Boulevard #122
Bensalem, PA
The LOFTS at Valley Forge
610.630.1014
1876 Minutemen Lane
Eagleville, PA
Madison At Willowyck Apartment Homes
215-368-5210
One Marlbrook Lane
Lansdale, PA
Windsor at Brandywine Valley
610-558-6848
100 Cornerstone Drive
Glen Mills, PA

1. Location. If traffic is heavier, rentals are easier to rent. A sign will often pull more response than an ad in the paper. If it is a nice locale, it will usually rent faster. This is also true of places close to amenities.

2. Numbers. Run the numbers. Get every last expense figured into your calculations, and be sure that you will have positive cash flow from the start.

3. High home prices. Look in towns with high home prices, as this creates rental demand. What do people do when they can't afford to buy? They rent.

4. Low maintenance buildings. Avoid cedar-shake roofs, and wood-sided buildings. Look beyond current expenses to how much maintenance the building will need. Low maintenance means less headaches and more profits.

5. Good rental history. Ask to see the rental history. Note how long residents are staying on average, and how well they pay on time.

6. Below market rents. Buying rental properties with below-market rents means you get to raise rents. Raising rents means you imediately raise the value, because rental property values are based on income.

7. Complies with zoning and fire codes. Have it inspected, and ask local officials if there are any problems.

8. Less than 20 years old. This is somewhat arbitrary, but if you limit your search to newer buildings, you will be less likely to have building code and maintenance problems.

9.Owner/manager that is out of state. These properties are often the best deals, because it is tough to manage a property from far away. An out of state seller is often more concerned with a quick sale than a high price.

10. Neighborhood is stable or improving. Stable is okay, but if you can buy in a neighborhood that is improving, you'll rent the units more easily, and therefore get automatic appreciation in value with time.


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Featured Local Company

PHILLY EXTENDED STAY

phillyextendedstay.com CALL NOW 215-317-5300

215-317-5300
1112 PINE STREET
PHILA., PA
www.phillyextendedstay.com

RATES STARTING FROM $1,600.- TO $2,200.- ON AVERAGE
CALL NOW TO SEE IF YOUR TIME IS OPEN,,,, 215-317-5300
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Located in the scenic Antique Row area of Center City Philadelphia, our
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We have long & short term apartments available, either furnished or unfurnished!
CALL FIRST NOW 215-317-5300
Located in the scenic Antique Row area of Center City Philadelphia, our
accommodations are of the finest quality and aesthetic. We specialize in
extended stays, with our average stays ranging anywhere from 1 to 6 months,
but we also welcome longer terms. We offer full size apartments with
amenities included.

Our buildings are conveniently located by many of the major Philadelphia
institutions, such as: Jefferson University Hospital, Pennsylvania
Convention Center, Pennsylvania Hospital, South Street Shopping Area, and much more.

1112 and 1116 Pine Street Philadelphia, PA 19107
215-923-0432 or 215-317-5300 or louisverruni@comcast.net
For best results on booking inquiries, Please call us!

> ( CALL NOW FOR AVAILABILITY 215-317-5300 )
>
>> Hi, My name is louis
>> i rent monthly apts. all inclusive, look at the photos on the
>> web page. call me if you would like to come see the apts.
>> WI-FI, LAUNDRY, CABLE TV, WOOD FLOORS,
>> AMENITIES, MAID SERVICE BI-WEEKLY,
>
>> LINENS TOWLES, GATED BUILDING.
>> www.phillyapartments.net louis call 215-317-5300
>> 1112-16 pine st. phila. (center city) www.antique-row.org
>> $1,900.- to $2,500.- studio, 1 or 2 bedroom
>> ( starting ) $1,500.- min. 3 months plus utilities
>> yearly starting $1200.- plus utilities
>> call now to see the apts. 1112-16 PINE ST. at 12 th STREET
>> Louis Verruni1112 Pine StreetPhiladelphia, Pa 19107
>
www.phillyapartments.net
www.kohnandkohnantiques.com

215-317-5300

--

Louis Verruni

1112 Pine Street
Philadelphia, Pa 19107

www.phillyapartments.net
www.kohnandkohnantiques.com

215-317-5300





PHILLY EXTENDED STAY
PHILLY EXTENDED STAY