View Single Post
Old 10-22-2020, 10:36 AM  
OneHungLo
So Fucking Banned
 
Industry Role:
Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
Quote:
Originally Posted by CurrentlySober View Post
They are exactly the same. Literally, exactly the same. hence my predicament. Both houses are within streets of each other. You could stand on either of the roofs and pretty much see the other one. The main difference is just that Robin Way is a new build on a fairly affluent new estate. Chudleigh Road is in a fairly affluent area.

The overall area is again, relatively affluent, mostly consisting of people who don't want to live in the main town nearby, Newton Abbot, and choose to live just outside, in Kingsteignton. That's also the same area as my other properties (Although I live 7 miles away in Teignmouth) and either of them will rent out straight away at over £900 per month. I already have a property management company standing by to handle the rental for me, so that's not a problem, and with the overall lack of 3 bedroom houses (of Quality) in the area, the idea of a four bed, will be snapped up straight away. Probably by someone that works in Exeter (Nearest City) and commutes 15 Miles up the Motorway each day for work...

So its really just down to the overall vibe / feel. The older property amongst other older properties, or the newer property on the newer estate. Both are exactly the same distance to the same schools, for both age groups and are the same distance from the shops / parks / bus routes / train station etc etc etc...

Interestingly enough, a couple of people so far have said Chudleigh Road, and thats what Im kinda thinking. That's the one that only came to market yesterday, and I had a viewing earlier today. I think I would have gone ahead with the Robin Way one, but now Im having seconds thoughts, hence this post...
What are the landlord laws like where you live? Is it hard to get tenants out for failure to pay rent? Reason why I ask is, I personally stay away from single family type rentals because if you get deadbeat in there they can be somewhat difficult to remove due to the laws in my state where I live. So if you have a 2 or 3 family rental, if one burns you you still have the 2 other rentals to cover your expenses.

So, if you have multifamily properties with multi units to rent, I would look into those.
OneHungLo is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote