Properties can be separated into different class categories based on several factors, including location, time of construction, neighborhood average income, and vacancy rates.
We bring you only the cream of the crop, which means we’re offering Class A and Class B rental properties. Here’s a breakdown of what each of those tiers means:
- Is located in a prime area
- Attracts top quality tenants with higher incomes
- Has lower vacancy rates
- Was built in the 1990s-2010s
- Is in a neighborhood of mostly owner-occupied homes
- Is in a good location, but not a “prime” one
- Is in a neighborhood that is a mix of owner-occupied and tenant-occupied homes
- Is commonly in a suburban area
Class C and below:
- Is in a “riskier” location with higher crime rates
- Is an older build requiring more repairs and upkeep
- Is in a neighborhood that is mostly tenant-occupied homes
- Has higher vacancy rates and lower rents
Which classes of property would you want to invest your hard-earned money into?
If you’re looking for a hassle free way to make your money work for you, then book a complimentary 1 hr consultation ($350 value) with us today by filling out the information on the right!