Investing in Rental Property for Beginners

Posted by Katie Egan on Friday, April 3rd, 2020 at 12:36pm

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Have you ever thought about investing in rental property? Southwest Florida is one of the most desired places to vacation in the United States and we have rental properties in the most desirable areas.

If you’re not sure where to start, this guide will tell you everything you need to know about investing in rental property for beginners. 

Royal Shell can manage your investment property. If that’s one of the things you’re worried about, let it fall on our shoulders, so you can focus on seeing a return on your investment. We will help you navigate the rental market and go over everything with you, so you have peace of mind. We know you worked hard for your investment rental and we’ll work just as hard to maintain it, rent it out to guests and keep them coming back each year. Before you enter our rental program, you’ll need to purchase a home that will make a great investment property. 

Here are 3 things to consider if you’re investing in rental property for beginners:

  1. Location and neighborhood

  2. Amenities available for renters

  3. Know how to market your investment property 

Location and Neighborhood

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For many homebuyers, location is the most important factor when deciding where to put down roots. It’s also one of the most important things to consider when investing in rental property. The location of your rental home will determine how much you can charge in rent and the renters you attract. For example, Royal Shell’s most popular vacation rental homes are located on Sanibel and Captiva Islands. If you purchase a home on one of those islands, the rental rate will likely be higher than rental properties on the mainland. 

Another thing to think about when investing in rental property for beginners is in which neighborhood you want to be. There are eight cities to choose from in Southwest Florida and they all have something unique to offer renters. Within each municipality, you may choose from a huge selection of neighborhoods. That’s where we come in. Our agents are here to answer any questions and break them all down for you so you can make the best decision possible. At Royal Shell, we’ll make it easy so you can make it home. 

Some people decide on their investment property based on the home itself. It’s never a bad thing to focus on getting the perfect home, but being successful in marketing your investment home means you’ll need to pay attention to other factors as well. A home might be perfect, but it could be hard to get to, not near amenities or it could be in an undesirable part of town. Even if you’ve never been here or don’t know the area well, our agents are more than happy to help you. When you work with us, you’re not alone. We are here for you every step of the way and our No. 1 goal is making sure you’re completely satisfied. 

Amenities for Renters

Renters want to vacation in paradise, but they also want things to do, especially if they’re bringing the kids. In Florida, some of the most desired amenities include pools and golf courses. The weather is nice all year long, so it just makes sense to take advantage of all of those great golf days. And who doesn’t want to cool off in the pool? That’s practically what Florida was made for. When investing in rental properties for beginners, look for a community with a pool and a golf course. Some larger neighborhoods, like Bonita Bay, have multiple golf courses and many have multiple pools. Many neighborhoods in Southwest Florida are gated and feature top-notch amenities like fitness centers, club restaurants, game rooms, wine rooms, walking trails and, in some cases, a marina. 

Depending on what types of amenities you’re looking for, you should be able to find them at one of our communities in Southwest Florida. Many of the basic amenities renters want are already offered. These include access to a washer and dryer, parking, a gated community, state-of-the-art workout facility, pool, and a renovated, nicely furnished home. The amenities offered by most of the communities in Southwest Florida go above and beyond. Wake up to gorgeous golf course views and play a round of golf before lunch. After you’re done, you can enjoy a delicious meal at one of the clubhouse restaurants. Unwind at the gym at the end of the day or explore one of the neighborhood’s walking paths and watch the sunset. Homes in Southwest Florida just embody luxury.

Know How to Market Your Investment Property

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Having a rental property in a great location with fivestar amenities is only half the battle. Effective marketing will help set you apart from the competition. In addition to helping manage your investment property, keeping track of payments and helping with maintenance, we also hire a professional advertising firm in addition to our in-house marketing department to market your rental property. We’ll analyze the best places and times to advertise your property so it gets maximum exposure. We’ll also keep track of what our competition is up to, and how we can invest for the best return in terms of reservations booked.

We recently relaunched our website and updated our search function, making it easier for users to find your investment property. When they land on your home, they will be greeted with high-resolution images and a video tour of the property. Guests can book the property online or they can call us and speak to a Vacation Planning Adviser. Another thing that sets us apart is that we give you the treatment you expect and the treatment you deserve. 

Royal Shell Can Help You Manage Your Rental Property

Investing in rental properties for beginners is easy if you have a qualified and dedicated property management company like Royal Shell behind you. If you’re not sure in which Southwest Florida city and neighborhood you’d like to purchase an investment property, we have information on our website about each area and what makes them unique. We have all types of homes in our program, too! From single-family and large estate homes to high-rise condos, Southwest Florida has it all. Our agents can help you decide the area that’s best for you. They’ll also be more than happy to go over each community’s amenities with you. If you are looking for a type of specific amenity or a community that features resort-like amenities, chances are good you’ll be able to find it in Southwest Florida. If you’ve always dreamed of investing in real estate, we can help make that happen!

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