Why Do People Rent Versus Buy Homes? – Episode #156
It is important to understand why people decide to rent a home versus buy a home and vice a versa.
As an investor, this will help you understand who your potential tenants are and give you the edge of how to offer them what they want. Another big factor is understanding why first time home owners decide to buy instead of rent. The benefits of knowing this is getting to know their needs and criteria and offering it to them.
All of this can help you maximize your net cash flow and help you achieve the maximum price when it comes to selling your home and renting your home.
Remember…your tenants are your biggest asset as they are the ones who will be paying down your mortgage. The more you know about what makes them tick the better you will know how to run your real estate portfolio like a true business.