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Rent Resources - ARPOLA

American Rental Property & Landlords Association

November 17, 2016

7 Factors To Consider Before Buying More Rentals

Buying more rentals is a question the ARPOLA staff gets asked frequently.

This is an interesting question and one that deserves some pretty independent and personal thought.

However, there are a few indicators (outside of affordability) you might want to consider when thinking about expanding your portfolio.

7 factors to consider before buying more rentals

  1. Can you afford the purchase without putting your other properties in flux or danger.
  2. You have a pretty solid admin process for onboarding, evictions, and turnover.
  3. This as a long-term business and not a hobby.
  4. Can you consider hiring staff or will accept you might need to use a property manager.
  5. You enjoy the rental business.
  6. Eventually you want to make this your full time job rather than a means to a supplemental income.
  7. Your investing partners or family support the expansion.

Obviously this isn’t a comprehensive list but it is meant to get you thinking about growing your business.

Want to learn more about ARPOLA?

Article by Arpola Admin / Property Manager, Rental Property Owner / business strategy, expansion, rental portfolio, rental property

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