Gilbert Investment Properties

A short beginners' guide to becoming a real estate investor in the Gilbert Market

Picking the Right Rental Property

The only thing hotter than the residential resale market right now in Gilbert, is the rental market. As our local economy grows, so too does the population and with it comes a consistent stream of renters looking for housing. So what’s important if you’re thinking about purchasing your first rental property? In short, numbers, neighborhood, laws, and the home.

Know your numbers

Future profitability of your rental property hinges heavily on your acquisition cost, maintenance costs, property taxes, insurance premiums, rental management fees, and home owners association dues. Leverage a professional when needed.

Consider the neighborhood

Who will your tenants likely be and what is the average rent in the area? How fast are rental properties moving and what are vacancy rates? What future development in area would make your property more attractive in 5 years? Tenant turn over can add to your annual expenses so define your ideal tenant and investment horizon.

Know your local laws

If you’re considering the AirBnb route, some communities and Home Owner Associations do not allow leases less than 30 days, and some communities such as Agritopia, discourage rental properties all together.

Pick the right home

In Gilbert, a fourth bedroom attracts a larger pool of tenants and can increase your income by as much as 25%! Homes near train tracks or main roads can be a bargain and a non-issues for tenants, but are also less marketable well when you’re ready to sell.  

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