Curb appeal has a big impact when you’re attracting new tenants and retaining the residents who are currently in place. You want your property to stand out in a crowded market, and you want tenants to find your home welcoming and inviting.
Every landlord is unique and has specific properties with their own strengths and challenges. Your success might look a lot different than the success of another landlord, based on your investment goals. However, many rental property owners are successful for similar reasons.
Owning a St. Louis rental property is smart from an investment standpoint. You’ll earn some consistent rental income and allow your property to increase in value over the years while your tenants pay down the mortgage and contribute to expenses.
Smart home devices are gaining popularity in homes across the country. Tenants may find this type of technology to be an attractive feature in a rental home. If you’re thinking about installing smart home devices and similar systems in your St. Louis rental property, there are a few things to consider.