Property Management

How to Find the Right Property Manager in Stone Mountain

A good number of landlords in Stone Mountain do not live near their properties and it is quite stressing to manage them by themselves. Most of the landlords in the city recruit professional rental managers to oversee their investments because they have no time to do it by themselves or because they want to avoid the stress of dealing with tenants. However, the biggest challenge faced by many landlords in the city is finding the most suitable rental manager to hire. This article highlights basic tips on how to find a reliable property manager in Stone Mountain.

  1. Confirm Registration and Licensing Documents 

The first step when recruiting a rental manager in Stone Mountain is to confirm the registration and licensing document of potential managers. It is worth noting that the number of bogus rental managers is in the city has increased lately. You need to make sure the person you want to recruit is registered and licensed by relevant authorities to operate as a property manager in the city.

Picture of NARPM Logo

  1. Confirm If the Manager Has a Permanent Office and Postal Address 

The number of rental managers in Stone Mountain has increased lately. The funny bit is that some of the managers do not have a permanent office where they do their business or a permanent postal address. It is important to make sure the manager you are hiring has a permanent office and address if you want better services. This is more convenient to you and the tenants than when the manager is operating from his/her home.

  1. Use Referrals from Other Landlords in the City

For landlords who are new in the city and have no clue about how the rental market works, you can use referrals from other landlords. You can ask other landlords owning properties near yours to refer you some of the best rental managers in the city. This also narrows your search and time taken to find a good rental manager.

  1. Consult the Real Estate Agent Who Helped You to Buy the Property

Rental managers work hand in hand with real estate agents in Stone Mountain. Sometimes rental managers and property agents work under one company. You can ask the agent who helped you buy the property to help you find a reliable rental manager in the city. This is a very effective approach when you do not have time to do the search by yourself. Remember that your property agent may be able to pick a rental manager for you, but he/she can at least narrow your search.

Picture of real estate agent

  1. Screen Potential Managers Thoroughly

A good number of landlords in Stone Mountain end up hiring unreliable rental managers to supervise their properties because they do not take the time to screen potential managers. You need to interview several managers in the city and pick the most suitable. You can even ask your lawyer to help you with the interviews if you are not conversant with the rental management matters. It is worth noting that every manager in the city will tell you what you want to hear so that you can hire him or her when he/she knows very little about rental management. It is important to confirm the information received during interviews before making your final decision.

Property Management

Tips for Being a Great Landlord

Owning rental properties in Seattle is the beginning of the journey towards becoming a real estate mogul in the area, but you need to be a good landlord for you to be successful. It is worth noting that not everyone owning rental properties in the area is a great landlord and a good number of property owners do not have what it takes to be a good landlord. Here are basic tips on how to be a good landlord in Seattle and avoid having issues with your tenants.

1. Hire a Professional Manager to Manage of Your Properties

property-management-professionalThe most effective strategy for being a great landlord is by hiring a professional real estate manager to take care of your properties. This frees you from direct involvement with tenants because you have someone to attend to tenant needs and respond to their queries. This is a good strategy if you live far from your properties or if you do not have adequate time to attend to tenant needs. If you are looking for a competent and trustworthy property management contact T-Square in Seattle.

2. Have a Detailed Tenancy Agreement to Guide You

tenancy-agreementFor landlords who choose to manage their properties by themselves, it is recommendable that you have a detailed tenancy agreement to guide you. The tenancy agreement should make clear what you expect from your tenants and what they should expect from you. That way, it becomes easy to establish a good relationship with your tenant disputes and complaints s become minimal.

3. Make Sure Your Properties Are Always In Good Condition

It is good to make sure your properties are in good condition and your tenants are comfortable. Tenants in Seattle pay huge money for housing and expect to get good value for their money. This means that some items that you can easily ignore in your house and do without them are very important to tenants. You need to make sure that all the fittings and fixtures in your rental properties are in good condition. In other words, your rental properties should be safe and tenants should be proud to stay in them.

4. Do Not Overprice Your Rental Properties

Never over-price your rental properties to take advantage of the high demand for rental properties. It is important to make sure your rental rates are fair and consistent with market rates. You need to give your tenants good notice anytime you want to revise your rental rates upwards and give those who cannot afford to pay your new rates time to vacate.

5. Keep In Touch with Your Tenants and Respond to Their Queries Promptly

It is important to keep in touch with your tenants, even if you have hired a property manager to help you and make sure they are in safe and comfortable. You need to maintain good communication with your tenants and always respond to their queries promptly. Additionally, you should be easily reachable by your tenants anytime they need you via the phone or from your home or office if you have one.

6. Be Polite and Considerate To Your Tenants

A good landlord should be polite and considerate to his/her tenants whenever there are some issues that need to be resolved. As a landlord, you should learn to listen to your tenants and be ready to help them where you can instead of being rude and harassing them whenever they have a problem or they have failed to pay rent on the agreed date. We are living in difficult economic times and tenants are struggling to make ends meet.

Watch the video below for a view more tips on the subject. I believe that these are quite on point!

You can also visit the website here, they have a lot of information and resources for those wanting to go down the DIY route.

Investments

Denver Real Estate Market News: Important Information for Investors

The city of Denver is among the key places in the country where the real estate market has been hot for many years and prices are believed to have reached the peak. Many investors are discouraged from acquiring properties in Denver because prices are too high to afford. However, the situation has changed greatly in the recent past and prices are slightly coming down in some parts of Denver. For those planning to invest in real estate in Denver and its surroundings, it is good to seek help from a local property manager in Denver to help you get a good investment deal. If you are planning to invest in rental properties, it is good to work closely with a reliable property manager in Denver because they know where the demand for rentals is high and where it is declining. The following are important things that those planning to invest in real estate in Denver need to know.

1.The Market Is Still Hot and Properties Are Very Expensive

higher-real-estate-fees

For those waiting for the Denver real estate market to cool down so that they can buy properties, it is worth noting that the market is still hot. The city of Denver is among the places where properties are still very expensive and prices are far above the national average. In fact, it is going to take longer before prices start to stabilize if the current trend is something to go by. Real estate prices are expected to continue going up in the coming years before reaching the peak and start to decline. The truth of the matter is that this is not going to happen soon and investors have to bear with the current market situation.

2.The Property Management Services in Denver Are Better

The quality of property management in Denver has improved over the years and it is expected to be even better in the coming years. The number of real estate managers operating in the city is on the rise and the competition is expected to be even stiffer. However, property management services are expected to be more expensive and landlords will have to pay more to hire a property manager in Denver and its environs. Nevertheless, the most important aspect is the fact that those planning to invest in real estate properties in the city have nothing to worry about because getting a reliable property manager  such as McGuire Property Management & Sales, will not be a problem as long as they are ready to pay high management fees.

3.The Market Is Returning To Sustainable Growth

The real estate market in Denver has been experiencing abnormal growth in the past decades and investors feared that there could be another bubble coming soon. Real estate prices were shooting up year after year and investors thought that prices would soon reach the peak and start coming down. However, the market seems to have started returning to sustainable growth and it is expected to normalize in the near future. Although home prices in the city of Denver are still high when compared to other big cities in the country, the price is increasing at a decreasing pace and the market is expected to stabilize in the near future. In other words, the once skyrocketing market is gradually coming down, but it will take some time before stabilizing completely. For now, prices will continue going up, but not as rapid as it was two or three years back.

4.Home Buyers In Denver Are Now Pushing Back

Initially, home buyers in the city of Denver were competing for the listed properties and they were willing to pay above the asked prices so that they can get the homes they want to buy. This made the home sellers in the city to take advantage of the increasing demand to overprice properties. However, the situation has changed in the recent years and home buyers are now pushing back. Home buyers are now reluctant to buy overpriced homes in Denver and prefer going for cheaper homes in the neighborhood of Denver. This means that those selling their homes in Denver should make sure there are reasonably priced if they want to find buyers quickly. Else, the homes are going to remain in the market for a long time and probably sell cheaply when prices start going down.

5.Real Estate Prices Will Rise Slowly Before Stabilizing

For those waiting for real estate prices in Denver to go down so that they can buy properties, they will have to wait longer because there are no signs that prices are coming down any soon. If anything, current trends show that real estate prices in Denver are expected to continue going up in the near future before stabilizing. This means that those planning to acquire properties there should do so now because it is not clear when prices will start coming down. As of now, properties will continue gaining value and prices will continue to go up.

6.Rent Is Expected To Slow Down

Denver has been a great place to invest in rental properties because rental rates have been going up year after year. Investors owning rental properties in the city have been making good money from their investment for many years. However, the trend has changed in the recent past and rental rates are gradually slowing down. Although rent is still high in Denver, landlords are not quick to revise it upwards as they were doing in the past years. This is because the cost of living is very high in Denver and the number of people willing to rent homes is on the decline. Consequently, many landlords are not quick to increase rent so that they can attract more tenants. Landlords in Denver have realized that increasing rent regularly is making them lose tenants.

7.The Demand Is Expected To Shift To Denver Neighborhoods

The demand for real estate properties is expected to shift to Denver neighborhoods in the coming years. This is because real estate buyers are now reluctant to buy the overpriced Denver properties. Many investors and home buyers are now shifting to Denver neighborhoods such as Littleton, where properties are readily available and prices are pocket-friendly. This means that the demand for real estate properties is expected to be higher in Denver neighborhoods than in the Metropolitan areas of Denver where prices are beyond the reach of many buyers.

Real Estate

Things to Know If You Are Moving To Atlanta

welcome-to-atlanta

Are planning to join the rest of the people who call Atlanta home? Then know that the city is a great place to be, especially if you are millennial. Living in the city of Atlanta is fun and many people have moved from other parts of the country to live there. The city is the ninth largest metropolitan in the country where you will always get something to do, something new to learn and great meals to enjoy for those who love delicacies. The following are the key things that you need to know if you are moving to Atlanta.

 

9 Atlanta, Georgia Insights

 

  1. Accommodation is readily available and affordable

It is true that the real estate market in Atlanta has recovered greatly after the 2008 crisis. The city is actually among the areas where the market is very promising. However, rental rates in the region are still low compared to other bigger cities in the country. It is also easy to get a decent housing in the area than in other bigger cities in the country. You can search for a rental housing of your choice from those listed online or call some property management companies to get you one.

  1. Employment is not a problem

If you are planning to live and work in Atlanta, then know you have made the right choice. The city of Atlanta is an economic hub that hosts numerous companies. In fact, the city ranks fourth highest based on the concentration of the Fortune 500 companies in the country. Getting a job in Atlanta is very easy as long as you have some skills. This is probably the main reasons why the city is the home for the majorities of the Millennials.

  1. Real estate is a booming business

The Real estate market is reviving in the area and the city is a great place for anyone planning to venture into the real estate business. Whether you are planning to try your luck as a realtor, property manager or an investor, the city of Atlanta will not disappoint you. Demand for real estate properties has increased tremendously in the recent past. For instance, the number of people willing to buy homes in the area has increased and properties that could take years to sell and selling in one or two months. The city is actually an ideal place for anyone planning to invest in the real estate. Visit www.rentappeal.com and contact them if you are looking into the Atlanta real estate market and have any questions.

  1. The entrepreneurship spirit is very high

Atlanta is a home for start-up businesses and a city for entrepreneurs. Who knows, maybe you want to move there so that you can start a business of your own. Then do not hesitate to do so because the city is a place of opportunities. The local authority provides a favorable environment for anyone who wants to start a business in the area.

  1. Be ready for a diverse society

Atlanta is a city of opportunities and many people have moved there from different parts of the world to look for greener pastures. Consequently, people from different cultural and racial backgrounds call Atlanta home. The city’s population increases year after year with the majority of the foreigners coming from the Asian countries. Atlanta also embraces gay community and hosts the second largest gay pride parade in the country.

  1. Traffic can be chaotic in the city

Traffic is terrible during rush hours and it can be very difficult to navigate around the city during these hours. However, you can avoid the congested parts and navigate the city with ease if you are able to understand the street lingo. The locals will tell you some of the places you should avoid during the rush hours.

  1. Furthering your education is not a problem

The city of Atlanta is a home for several prestigious higher education institutions. Some of the popular higher education learning institutions in the area include the Clark Atlanta University, Georgia State University and the Emory University among others. This is a place where you can live, work and even study without having to move out of the city.

  1. There are fantastic upcoming neighborhoods

The majority of the people, especially those with children, do not like living in the heart of the city. If you belong to that group, the city of Atlanta has amazing upcoming neighborhoods where you can escape the extremely busy city life. More houses have been constructed in the upcoming neighborhoods to accommodate the increasing population and decongest the central parts of the city.

  1. Catching a flight is very easy

For foreigners planning to relocate to Atlanta, catching a local and international flight is not a big deal. The Hartsfield-Jackson Atlanta Airport in the city is known as the busiest airport globally in terms of passenger traffic. There is over 1000 flight made to and from the airport every day.

Property Management

What to Renovate In Your Rental Property in Eugene

It is very important to consult with a property management company in Eugene before renovating your rental property. This is because the local property management companies deal with tenants on a routine basis and they understand what renters look for. Remember that some local property management in Eugene companies are highly equipped and they can help you to renovate your rental property more quickly efficiently. Here are some of the things that you should renovate in your Eugene rental property to improve its value and make it more attractive to potential tenants.

  1. Renovate the Kitchen and bathrooms

Kitchen and bathrooms are very important items in every home. Tenants in Eugene are more attracted to rental properties with modern and appealing kitchen and bathroom. It is, therefore, important to consider replacing the old and worn out appliances in your kitchen and bathroom before listing it if you want to attract more potential tenants. Adding durable and attractive items in the kitchen and bathroom can add the value of your rental property.

  1. Improve the exterior of the house and compound

The majorities of tenants in Eugene normally decide whether a rental property is worth their money based on how it appears from outside. It is, therefore, important to improve the exterior of the house and the compound so that it can be attractive to those passing on the nearby street. You can wash the outer walls and repaint them using bright and colors that are likely to catch the attention of potential tenants. You can also improve the landscape of the compound by adding more flowers and trimming trees in the compound.

  1. Replace the broken doors and windows

Tenants in Eugene are very concerned about their security and that of their belongings when renting homes. Actually, every renter will start by confirming whether all the doors and windows are firmly fixed, strong and easy to open and close. Fixing strong, durable doors and window frames in your rental property can make it more competitive and appealing to potential tenants.

  1. Renovate the roofing and flooring

The flooring and roofing are very important items in a rental home and you can attract more tenants to your rental property by replacing the roofing and flooring in your property. If yours is an ancient property, you can replace the roofing with modern roofing materials as a way of giving it a new and brighter appearance. Many tenants in the area are very concerned about the condition of the property they are renting. You can, therefore, make your rental property more attractive to potential tenants by replacing the flooring of your property with something new and attractive such as design tiles and hardwood flooring.

  1. Clean and repaint your rental property before advertising

Once you have done other major renovations in your rental property, it is important to finalize by washing and repainting it to give it a warm and attractive appearance. However, you should make sure that you have used matching colors when repainting your home. Remember that a rental property should first catch the attention of potential tenants before they can come in and check other items in the house. You can use different colors when painting your rental property to give it catchy appearance.

Investments

Key Tips for Flipping Houses to Make Profits

home-renovation

The business of flipping houses is becoming very popular in the modern real estate markets. House flipping is very profitable and many investors, old and young, want to venture into this business and take advantage of the huge profits that are involved. However, what many people planning to enter this type of real estate game do not know is that it is equally as risky lose. You need to be very certain about what you are doing to avoid making losses. To help you with your venture into this game, the following are the key tips for flipping houses to make profits.

1. Make sure you understand your local real estate market

Many people are lured into the business of flipping homes due to popular TV shows making it look easy. It is very important to make sure you understand your local real estate market before venturing into this business. You need to study and understand your market better before committing your money, regardless of what you see on TV or what your friends are telling you. Confirm whether real estate prices are rising in your area or not, what are the social amenities near the property you want to buy, demographics and how they affect real estate prices in the area you want to acquire property in.

2. Make sure you know the after repair value of the house before you buy it

One of the biggest mistakes that investors make when flipping houses is buying properties without knowing there after repair value. The fact that a house is sold at a very low price does not mean it is a good deal. Probably the house is in very bad condition and requires adequate renovation to attract possible buyers. You need to be very careful to avoid buying a property that will cost you thousands of dollars to renovate and make it difficult to recover your money after selling. On the other hand, the house may be situated in an area where properties are not selling making it difficult for you to find a buyer after dropping all that cash on renovations. Always do your math and identify the expected after repair value of the property that you want to buy and sell to know your potential profits.

3. Know your buyers and work closely with them

Have you ever wondered why so many people buy properties, renovate them and sell them quickly to make huge profits within a very short period? It is because they start by looking for buyers. Remember that flipping homes is a business like any other and you need to make sure there is demand for your products. Here is the trick, start by doing your research and identify several potential buyers for houses in your area. Once you have identified that there is a demand, you can now look for property to buy so that you can fix it and sell it at a profit. Make sure you have a general idea of what people are looking for so you know what to buy and what to renovate.

4. Publicize your renovations

flipping-houses

When you buy a house in bad shape in order to renovate it and sell it at a profit, it is important to publicize your renovations to potential buyers. You need to change the perception of buyers who had seen the property before and think it is still in bad shape. It is, therefore, important, to be honest with your buyers and show off the changes you have made to the house. Let potential buyers see how you have transformed the house by adding more value to it.

5. Do not be greedy

Greed is very dangerous when flipping properties. Some investors are tempted to ask for prices higher than what they had planned for if the demand for houses goes up. Moreover, there are those who choose to keep properties for a longer time so that they can maximize profits, even when there are some buyers willing to offers more than the expected selling price. It is dangerous to be too greedy when flipping properties because you might lose potential buyers and need to hold on to the property for much longer than intended. When you get someone willing to buy your renovated property at the expected price, sell it and move on to the next.

Real Estate

The Emergence of the Las Vegas Real Estate Market

Las Vegas is one of the areas that were badly hit by the 2008 real estate crisis in the country. Surprisingly, the areas that were greatly affected by the crisis are increasing the most in the past few years. For instance, Las Vegas is now on the track, thanks to the local Las Vegas property management companies that have worked tirelessly to market properties in the region. We all know that Las Vegas real estate was left for dead during the recession and many Las Vegas property managers had to close their businesses. However, real estate has come back to life and is rapidly catching up with the rest of the country. Investors are now looking for properties to buy in the region, both new and old properties are going like hot cakes. Moreover, home developers are working on new projects in the region and new apartments are coming up. Employment and wages have climbed and Las Vegas property management businesses are booming. The following is an insight into Las Vegas’ real estate recovery.

Foreclosures and underwater homeowners

When the economy crashed after the 2008 real estate crisis, Las Vegas Homeowners were the most affected lot. Most of them were unable to pay their mortgages and some lost their homes to lenders. Home values in Las Vegas also declined and the mortgage debt outweighed the value of many homes in the region. This made it impossible for homeowners to sell their properties to pay their mortgages. However, the situation has improved in the recent years and homeowners are now able to pay their mortgages.  According to RealtyTrac, the number of mortgage defaulters was about 17800 in the first quarter of 2009, which is a clear indication that the situation is improving and more homeowners are able to repay their home loans on time. Cases of foreclosures have also gone down in Las Vegas in the recent years. 

Home values

The value of homes has climbed tremendously in Las Vegas, although it has not reached the peak and there’s still room for growth. For instance, the median home value in Las Vegas earlier this year was about $201900; this is roughly a 9 percent increase from the median home values same time in 2015, according to Zillow. It is worth noting that the real estate market has reached highs above pre-bubble values in some cities in the country, but not in Las Vegas. However, the market is doing very well, bearing in mind that Las Vegas Real estate market sunk down the most during the crisis. Generally, homes in the area are appreciating gradually, an indication that the real estate market is back on the right track. For example, Summerlin property management has been booming due to the increasing demand in this surrounding area of Vegas. It is a matter of time and home values in the region will reach highs above the pre-bubble burst values.

Construction and selling of new homes

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It was difficult for homebuilders to sell new homes in Las Vegas before the bubble burst. Subsequently, it became difficult for homebuilders to access finances to construct new homes. After the bubble burst projects went bankrupt, builders closed their businesses and homebuyers disappeared. However, Las Vegas is picking up once again after many years of decline and home sales are climbing. Although the Las Vegas real estate market is nowhere close to where it was in the 1990s, we could say there is light at the end of the tunnel.

According to the Home Builders Research report, in 2015 Las Vegas builders were able to sell about 6800 new homes in Clark County. This is roughly a 13 percent increase from the number of new homes sold in 2014. In 2016, builders have sold about 1530 homes by the end of the first quarter, which is an increase of about 9 percent of the number of new homes sold during the same time in 2015. This is a clear indication that real estate in Las Vegas is shooting up tremendously. When you look back to the history, builders sold about 17900 new homes in 1995. The number went up to 39000 in 2005 but declined to about 3900 in 2011. According to Dennis Smith, founder of Home Builders Research, the market will catch up with the rest of the country quicker if the issues of land shortage, lack of financing and other factors hindering the market to grow are addressed.

Property Management

How a Property Manager Can Help You Double Your Monthly Rental Income

double-montly-rental-income

Investment in real estate is one the most reliable ways of generating wealth. When I decided to venture into real estate investment, my target was rental properties and I decided to acquire my first rental home in Sacramento. Although I was not living in Sacramento at the time, real estate was affordable there and I decided it was the best place to buy my first rental home. I involved a local realtor and within two months I had my first rental home in Sacramento. I decided to manage the property by myself because I wanted to maximize my monthly rental income and use it to pay back the mortgage. To me, hiring a property manager in Sacramento or property management Roseville Ca, where my property was located, was an unnecessary cost and I believed that I could look after my investment better than anyone else. I managed the property for three years and then I decided to hire a local property manager to take over. It is now five years down the line and I can tell you without any fear of contradiction that a property manager can help you double your monthly rental income.

A property manager helps you to reach possible tenants 

Reaching possible tenants was my first challenge when I acquired my first property in Sacramento. It was difficult for me to market the property to possible tenants. I could not beat the stiff competition from local property managers and my rental home stayed vacant for five months. I used all methods that I could think of to reach possible tenants, but it was all in vain. I got my first tenant six months after buying the property, something that I believe was sheer luck. However, my property has never remained vacant for more than two months from the time I assigned it to a local property manager.

A property manager will make sure tenants have paid rent on time 

I thought I could relax after getting my first tenant but problems started in the second month of tenancy when the tenant failed to pay rent within the agreed time. I had to visit the property myself every end of the month to collect rent, and sometimes play hide and seek with the tenant. However, I have never experienced any problems with rent defaulters from the time I hired a property manager to take care of my investment. My money is deposited in my account every end month as per the agreement.

A property manager can help you to screen tenants 

When I got my first tenant, six months after acquiring my property, I was so happy and bragged having made it in the highly competitive Sacramento real estate market. I did not know that the tenant had been evicted from the neighboring property for being unruly. Problems started after the second month of tenancy as he became disorderly and I was forced to terminate the tenancy. I got my second tenant a few months later and he too had problems with neighbors. However, I have never had complaints of unruly tenants since I hired a local property manager to look after my investment. I strongly believe that I lacked good skills and experience to screen tenants before accepting their rental applications.

A property manager can help you to solve tenancy related issues professionally 

My first tenant really disappointed me. It was to the extent of regretting my decision to venture into a rental property investment. It became very difficult for me to solve tenancy issues with my subsequent tenants because I was convinced that all tenants were equally troublesome. It reached a point when I could not hesitate to terminate tenancy whenever a tenant became problematic. However, I am now a happy landlord after hiring a local property manager to look after my investment. I do not have to solve tenancy issues anymore because my property manager knows how to deal with problematic tenants amicably without necessarily terminating the tenancy.

A property manager will help you with repairs and property maintenance needs 

One of the most challenging aspects of managing rental properties is doing repairs whenever a tenant leaves the property. Sometimes I could not have the property repaired on time and I ended up losing possible tenants. I remember there was a time I lost three possible tenants in a week because I was away and there was no one to repair a leaking sink. However, things have changed since I hired local Sacramento property managers to take care of my investment. The property is inspected on a regular basis and repairs are sometimes done without my knowledge.

Generally, I have seen my rental income double after hiring a local property manager to take care of my investment in Sacramento. I do not need to keep checking my property to make sure it is in good condition, solve tenancy related issues or even run after tenants every end of the month asking for rent. I’ve seen acquired a new property in Rocklin Ca, 2 Rivers Properties has been my property manager at this location and I have nothing but a good experience to talk about. I’d highly recommend using their services if you’re looking for a property manager in the Sacramento area.

Investments

The Best Places to Buy Real Estate Property in Spokane Washington

Are you planning to buy real estate property in Spokane Washington? Are you ready to compete for tenants in a highly competitive market? Well, if you are up to the task, the next step is to make sure your property is located in areas that are loved by your ideal renters. It is worth noting that not all areas in Spokane have a high demand for rental homes. There are some areas preferred by renters than the rest due to their livability. If you are not familiar with Spokane real estate, it is important to do adequate research and identify the best areas to buy real estate property. To make your assignment easier, the following are the best places you need to consider when buying real estate in Spokane Washington.

1. Downtown

This is the area bordering the Spokane River. The area is full of historic brick buildings ranging from lofts and condominiums. If you are looking for a relatively affordable area to buy real estate in Spokane, Guenther Management recommends downtown as the first place to consider. The area is livable with adequate social amenities such as restaurants, theaters, galleries, shops, parks and movie houses. There is also a good infrastructure in Downtown and moving around is easy throughout the year.

2. Spokane Valley

Spokane Valley is located east of Spokane near Liberty Lake. Property management Spokane Valley is not a problem, thanks to the professional property managers in the region. This is, therefore, a good place to buy a property if you intend to hire a property manager to take care of your investment. The area that was once a prime farmland has changed to a mix of suburban neighborhoods, industrial complexes, and retail centers. Spokane Valley also has several parks and green fields that make the area suitable for families.

3. The North Side

The North Side is a great neighborhood of Spokane and the real estate market is doing very well. Some of the major attractions in the North Side include Mt. Spokane State Park. Most of the properties in North Side are single-family homes, apartment communities, and retirement villages. The North Side is close to major shopping centers, several restaurants, pubs and business parks. If you are targeting homes for seniors looking for a cool place to spend their retirement, the North Side is the right place to buy property.

4. The South Hill

the-south-hill-spokane

The South Hill is located south of Downtown between Krell Hill and U.S. 195. If you are looking for a place that is evergreen for the better part of the year, then South Hill is an ideal place for you. Properties in the South Hill are of different styles and represent the architectural growth of the city in the past decades. This area is home to many ducks that make the South Hill a fun place to live. Families in South Hill gather to feed ducks and spend some good time under the trees in the amazing parks of South Hill. If you are looking for newer properties to buy, then you should consider the Upper South Hill region. Here you will get newer homes, stores, shopping malls, eateries and a chain of restaurants. The South Hill is loved by working family people due to its quiet streets and its convenience to downtown.

5. Browne’s Addition

Browne’s Addition is located between the Spokane River and West of Maple Street. If you are planning to invest in some of the oldest residential properties in Spokane, this is the place to consider. Moreover, Browne’s Addition is the home for historic mansions, condominiums, and modern apartments. Some of the major attractions in Browne’s Addition include the Northwest Museum of Arts & Culture, Campbell House, and Coeur d’Alene Park among others.

6. South Perry

South Perry is located south of downtown surrounding Perry Street. If you are planning to buy a commercial property in Spokane, then South Perry is one of the places that you need to consider. The area is full of unique shops, eateries, urban rehab and fun neighborhood. There is a brewery, an herbal and natural food store, a coffee shop, pizza place and an auto garage in the region. South Perry has a small farmer’s market that makes it busy with activities throughout the year.

7. North Idaho/ Coeur d’Alene

North Idaho is about 30 minutes east of downtown Spokane and a home to quaint neighborhoods. The area is the home to several educational institutions such as the University of Idaho, Lewis-Clark State College, and North Idaho College. If you want to buy rental property targeting student tenants in Spokane, then North Idaho is the right place for you. North Idaho consists of both residential and commercial properties. The area is lively and busy with activities throughout the year.