Things to Consider When Buying Rental Property in Los Angeles, CA

At Los Angeles Property Management Group, we have helped many investors with purchases of investment properties. We know how to match people with the properties that will work well for their goals. If you’re considering a rental property purchase, make sure you have given plenty of consideration to what you want to accomplish with your purchase, and then talk to an expert who can help you identify the right opportunity to make your goal a reality.

Buying Rental Property for Profit

All investors are looking to make money from the properties they buy. You’ll need to balance short term cash flow with long term returns based on appreciation. When you’re buying, pay attention to location and set reasonable expectations for how your property will perform. A L.A. property management company with experience, like L.A. Property Management Group, can help when you’re buying an investment property because we can guide you with realistic expectations regarding rents, and what kind of tenant pool your property will attract.

Preparing for Rental Property Repairs

Some of the best deals can be found on properties that need repairs done. Whether you’re shopping for a residential rental property or a commercial building, don’t be afraid of the buildings and properties that need some work.  As long as you have a qualified network of contractors that can make the necessary repairs affordably and quickly, you’ll find that the investment was worth the time and money. We’ve overseen the purchase and renovation of hundreds of properties in the past several decades, and can help.

Identifying Investment Opportunities

In the Los Angeles residential market, prices have climbed over the past several years, but there are still opportunities. Work with your property manager to find a property that will appeal to tenants and get rented quickly. Consider buying a commercial property as well, especially if you don’t have any in your current portfolio. There are lots of advantages to commercial rental properties, and many investors don’t think to consider that avenue.

We have helped hundreds of investors like you find and purchase high yield rental properties. If you have any questions about where to look or what to buy, contact us at Los Angeles Property Management Group. We can help you with your commercial or your residential interests.