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Common Rental Property Investment Mistakes Beginners Can Make

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Common Rental Property Investment Mistakes Beginners Can Make

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  1. Common Rental Property Investment Mistakes Beginners Can Make In rental property investment, there are numerous mistakes that beginners can make due to lack of experience. Miscalculating Demand In The Area Research the supply and demand in your area and avoid buying a property in a market that does not support your investment. Underestimating Expenses Before buying a rental, it is important to confirm your estimated expenses. Beginners should consider adding a 5% - 10% as expense buffer. Overestimating Rents Beginners often overestimate the net rent. Contact a professional agent to know the average rent prevailing in the neighborhood. Ignoring Maintenance & Repair Costs Avoid making this mistake and make it a point to set aside a fair budget for handling maintenance & repair costs, when required. Being Unaware Of Eviction Laws Know the laws for eviction in your state and seek professional help for the eviction process, if the need arises. www.hunterrentals.com Hunter Rentals & Sales 1503 W Stan Schlueter Lp, Killeen, TX 76549 Phone: (254) 634 - 3311 Image Source: Designed by Freepik

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