Brunswick County’s residential real estate market is as healthy as you can get, demand on new housing plus shortages slowing down new construction starts. Add in factor of rising existing home costs is vital to increasing our rental demand in our county. Demand is strong and our inventory remains elusive. Continued low interest rates could help make this time still good for making that rental investment. A few tips to consider first from the experts.
– Invest in Single-family Homes. First Invest in single-family homes first since it’s the simplest way to get started as a new real estate investor. The upkeep is easier than multifamily or commercial properties.
– Know Your Marketing Strategy. Before purchasing be sure you know ahead how and who you will be renting with. A vacant rental loses money. The best places to advertise your rental property are going to be major online real estate marketplaces. We have a number of rental agencies that specialize in this area to get you prequalified tenants.
– Have a Written Lease in Place. Have a very clear lease in place with all details written out so that there’s no confusion about the tenant’s expectations, including smoking or pets allowed. Many rentals have been left severely damaged without clear and written agreements in place.
– Invest in a Vacation Rental Property. Evaluate a potential vacation rental property and look at comparable rental rates on sites like HomeAway and VRBO. Additionally, verify local zoning laws how to properly register your vacation rental and any HOA regulations or local ordinance that may limit
renting out your home to guests.
-Bottom Line
Utilize a local and experienced Real Estate Agent to help you avoid costly mistakes and find answers to all the multitude of questions that pop up during the
investment process. No one knows a local area better than an experienced real
estate agent, and for the buyer this priceless service is usually “free”!
Mary's Gone Coastal 
Great job Mary! Hope all is well with all Carnieros! Sue
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