Matthew Walsh - RE/MAX Welcome Home | Raynham Taunton Easton Dighton Attleboro Dartmouth Real Estate


So, you want to buy a property and offset it with rental income, but a multi-family or apartment complex is a bit too rich for your bank account? No problem! Most of the steady increase in new renters comes from young millennials, and you can cash in on this increase as well by buying just a slightly larger property. Renting out rooms to students, or the other half of a duplex is a great way to supplement your income or offset that larger house purchase you don't completely fill yet.

Some layouts are better for segregating (for privacy) and renting out than others. Look for homes with secondary entrances, guest houses, separate parking, and multiple bathrooms or a finished basement with its own bathroom to ask for the highest rents. Your agent can help you find these properties; they are experts in the needs of potential landlords.

Owning and Renting a Duplex

Duplexes have some significant income advantages, especially for new investors. If you're planning to live in one of the units for at least a year, you'll qualify for FHA loans that can cover over 90 percent of the property value. Additionally, you can rent out the other side to offset your payments. That lets you be both a homeowner and a landlord at the same time, whereas if you were to purchase a single-family home with an FHA loan, you would still have to live in it for a year before renting it out, cutting down on your potential income. The downside of living in and renting out your duplex is proximity. You typically share a wall with your tenants, which means very little is hidden from them, and you're always on call if they need something. 

You can also rent out your duplex to your elderly parents or grown children, which allows you to be together while having separation and privacy.

Being a Landlord

No matter what size your rental property, from a single room to an apartment complex, you are responsible for the property. That means all maintenance, landscaping, upgrades, appliances, emergencies, and anything else that crops up is yours to take care of in a timely manner. Be sure to check your state and local laws for the specific landlord requirements and tenants’ rights in your area.

Next time you make that open house list, be sure to ask about properties good for sharing with a tenant. Your realtor can help!


This Condo in Taunton, MA recently sold for $200,000. This style home was sold by Matthew Walsh - RE/MAX Welcome Home.


214 Carriage Ln, Taunton, MA 02780

Condo

$198,000
Price
$200,000
Sale Price

5
Rooms
2
Beds
2
Baths
Beautifully maintained 2BR, 2BA condo with two levels of living. Excellent open floor plan takes advantage of the beautiful natural sunlight that fills the unit. Updated kitchen and cabinets with granite counters. Large family room with vaulted ceilings with a nice cozy side deck great for viewing the well manicured grounds. Master bedroom is large with a nice walk-in closet and full bath. The second level vaulted area could be an extra bedroom, or office area; this room has additional area of storage and possible living space. Newer windows and heating/cooling units (2012). The Farms' offers many amenities such as an in-ground swimming pool, tennis court, playground, walking/hiking trails all abutting beautiful Indian Pond which can be used for kayaking/canoeing as well as fishing. This complex is nestled in a location that has easy access to area shopping and commuting. This is a must see unit! First showings at Open House Sat 11/17 from 11-1PM.

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126 Belmont St, Taunton, MA 02780

Rental

$1,250
Price

5
Rooms
2
Beds
1
Baths
Immaculate first floor apartment with open floor plan. Updated kitchen and bath. 1 Large bedroom and the second would be a great office space. Enjoy the seasons on the three season front enclosed porch (shared). Nice backyard space to enjoy the nice weather. Convenient location close to shopping and all major travel routes.
Open House
No scheduled Open Houses

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This Single-Family in Dighton, MA recently sold for $553,000. This Colonial style home was sold by Matthew Walsh - RE/MAX Welcome Home.


17 Waterford Circle, Dighton, MA 02715

Single-Family

$575,000
Price
$553,000
Sale Price

8
Rooms
3
Beds
2/1
Full/Half Baths
Spectacular 3 BR, 2.5BA with > 2300 sqft of living and entertaining enjoyment in Dighton's premiere subdivision of Stoney Ridge Estates. Many custom upgrades include the gourmet kitchen with high-end appliances ( 5 yr warranty), oversized island with built in refrigerator, fantastic open floor plan with lots of natural light. Exquisite master bedroom with tons of closet space and master bath with steam shower and surround soaking tub with built-ins. Custom blinds on windows. Fantastic wrap around porch that can host all your guests. Partially fenced yard with irrigation system. Insulated side entry 2 car garage with oversized driveway. If you have discerning taste this home delivers.

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This Mobile Home in Taunton, MA recently sold for $55,000. This style home was sold by Matthew Walsh - RE/MAX Welcome Home.


91 Mayflower Ave, Taunton, MA 02780

Mobile Home

$69,500
Price
$55,000
Sale Price

4
Rooms
2
Beds
1
Baths
Welcome to Oak Hill Park, a resident owned family park. This 1970 Mansion Model is a 2BR,1BA home that has a nice open layout. Walk into the bright entry area with plenty of storage. The open kitchen and living area is spacious and filled with sun. Both bedrooms are decent size. The roof was replaced in the last 6 years. This park also has the Oak Hill Meeting house complete with kitchen, dining and recreational space on Beech St ( no fee to use...based on availability).






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