Tennessee Rental Housing
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Real Estate Investment Tip - Choose a Niche:
In this day and age the generalist is a thing of the past. To make money you often must focus on a specific subcategory to effectively market and to know your market.
There are a variety of different portions of the rental market that different owners specialize in and are successful at. Some examples are:
Each of these niches can be further targeted by the type of property you invest in. For example some people like to buy condos for rent, others single family homes for rent and still others stick with multi family apartment buildings. Each has advantages and challenges.
There are ways to use a niche without property ownership. Examples are offering rent finder services, rental listings, management service and property maintenance.
Over the next few months we will explore each of these in more detail. To discuss this article and add your own comments for future revisions please go to LandlordGuides.com We also provide an online rental housing discussion forum where you can ask your questions as well as share your knowledge.
The author, Tim Ballering, has been a Milwaukee area rental property owner since 1977 and is a principle in Affordable Rental Associates, LLC. He is a current board member of the Apartment Association of Southeastern WI where he was president for ten years.
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