Property investors from around the country are flocking towards Huntsville, AL and Northern Alabama. With notoriously landlord-friendly laws, relatively low home prices, and a constant flow of quality tenants thanks to the presence of the NASA’s Marshall Space Flight Center, many textile mills and the U.S. Army Aviation and Missile Command, the area has much to offer to potential investors. The third largest city in Alabama – nicknamed “Rocket City” – and its region, are the perfect place for those who are considering investing their hard-earned cash into real estate.
Whether you are interested in expanding your portfolio or saving for retirement, real estate is a long-proven alternative to volatile stock markets to get the most bang for your buck. It is a tangible asset that can be leveraged and provides predictable income. However, that is not to say that investing in real estate should be taken lightly.
Before buying an investment property, one should be familiar with the underlying mechanisms of this venture. Unlike buying a house you are planning to live and create memories in, a real estate investment should first and foremost make you money. It requires an extensive knowledge not only of real estate in general but also of the local market you are contemplating investing in.
A local property management is a crucial partner for the investor who does not live locally or may not have the time or qualifications to do extensive research on the available properties in terms of necessary repairs and potential ROI.
Being a landlord can be financially rewarding, but it can also be a time-consuming process. If you are not handy or are not interested in being on call to serve your tenants’ needs, from unclogging the toilets to collecting rent and potentially proceeding to evictions, a partnership with a property management company with a proven track record is your best bet.
Contact the experts at RCPM to help you in your investment strategy. Our licensed team is backed with years of experience in this market and will find exactly what you’re looking for, and will expand your portfolio for long-term, financial growth.