To be successful in your rental investment, it is important to take into account various elements. Here are the essential steps to follow:

Choosing a good location is essential for a successful rental property investment. To do this, you must study the market, by city and also by district. As Forbes specifies in its article of August 23, 2022, find out in particular about the growth of the population in the selected area, the schools and shops nearby, as well as the service of public transport. The information on the employment pool and the major industries present around your geographical area are also very useful for making your choice.

It is also necessary that the selected sector has a strong rental demand. An important piece of information to sustain your rental investment as well as to realize a capital gain during a possible future resale.

In addition, consider finding out about the rental market, such as the rate of vacant housing in the selected district or districts, as well as the rental rates. It should be noted that in some municipalities that built new housing at the time of the Robien tax exemption, rental supply is greater than demand and rents are unattractive. Conversely, if the property is too expensive to rent, it will be difficult to rent. So you have to find the right balance.

Your goal is to make a profitable investment. We must therefore think pure investment and leave aside the affect in the selection of real estate. The idea is to buy a property that others like you, both for rental and for resale in the future. However, you should not necessarily seek to buy the cheapest property. Visit the neighborhood to check that it is attractive and meets the needs of your future tenants. For example, if you rent an apartment with several bedrooms or a house, it is quite possible that a family will move there. It is therefore necessary to pay attention to the nurseries and schools nearby.

The monthly contribution must remain low in order to be able to diversify its investments. This method makes it possible to benefit from different sources of income and to avoid problems during unpaid rent or a vacant apartment between two tenants, for example.

You should know that a real estate investment increases in value over the long term. It is therefore rather necessary to work on the tax exemption of your property than on a high profitability of it. Thanks to your investment in stone, you can benefit from certain tax advantages. Here are some of the measures put in place by the State:

Once your property has been found, you must select a tenant who will pay all his rents and who will not damage your property. Remember to ask him for a deposit to protect yourself against possible breaches (unpaid rent or damage). A real estate agent can help you find the right person if you don’t know how to go about it.

The management of a rental investment can take a lot of time, between the search for the tenant, the drafting of the lease, the inventory, the handing over of the keys, the various administrative procedures and the maintenance of the apartment. If you wish, you can call on the skills of a real estate agency for the rental management of your property. Thus, you save time and it will relieve you of the steps and possible worries. The fees can vary between 5 and 10% of the rents including charges. Namely that they are deductible from property income.

Subscribing to Garantie Locative insurance ensures the payment of rent for your property. It is useful in the event of a defaulting tenant, whether it is unpaid rent or deterioration of the accommodation. You will be compensated for a maximum period of 24 months and up to a limit of €3,100 per month. There are also guarantee options in the event of lack of tenant (no tenant present at the start of the purchase of the property) or vacancy of tenant (vacant accommodation between 2 tenants).