Ann Arbor Real Estate Tip: Real Estate Investing
Things to Consider: Buying Ann Arbor Investment Property
One of the most common mistakes that Investment Property buyers make is forgetting to figure in the additional costs in handling the property. Make sure you have an additional funds ready. Here are the most common extra costs; all these must be taken into consideration when buying an Ann Arbor investment property.
· Vacancy times (when renters aren’t present)
· Property taxes
· Insurance
· Maintenance
· Repairs/Capital Improvements
· Legal fees (in case of bad tenants)
Also keep in mind that you’re dealing with people management, not just property management when dealing with residential investments. If you have tenants who are unhappy, unruly, or destructive, lose a job, have a medical emergency or other loss of income issue, you may have to deal with the repercussions of their misfortune.
If you’re interested in learning more about investing in real estate, please give us a call. We can help you learn about the profits and pitfalls and can assist you in making an educated decision as to whether or not it’s right for you.
As always, Prudential Snyder & Company Realtors are here to assist you with any of your Ann Arbor Area home buying, home selling, rental or other real estate needs. Call us at 734-747-7500 or 734-747-7700 weekdays, or 734-660-0105 evenings and weekends. We’re also available anytime at info@prusnyder.com or www.prusnyder.com online. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!
Many folks who are unwilling or unable to commit to 
