The key to developing a consistent rental cash flow in Metro Detroit is getting great tenants. The key to getting great tenants is to buy in the best areas. And the key to identifying the best areas is to focus on the best school districts.
It’s not rocket science!
In my experience families with kids make the best renters. And renters with kids want the best school district they can afford, just like every other parent on the planet.
And once they pick the district, and the kids are enrolled in school, the family tends to stay in the rental house a good long time. They pay consistently and on time. And they take better care of the house.
So school district is the #1 criteria for picking an area to buy rental houses.
The great thing about this criteria is that you don’t have to know a lot about the area. If you have the right house criteria and you’re in the right school district, you’re set.
Tune in tomorrow for STEP 3: Buy the RIGHT HOUSES