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What To Look for When you Purchase a Rental House

The first key to any area is that people need to have a reason to want to live there

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If you find yourself looking to capitalise on the housing market, then this could be one of the best times to get into the real estate game. However, instead of trying to flip a home like many other people, why not lock in your cash flows for a long period of time and still guarantee that your asset will appreciate over many years? If you are thinking about purchasing a rental house, then consider the following items as the top characteristics for a rental property, according to Investopedia.

Amenities

The first key to any area is that people need to have a reason to want to live there. Some people will always be able to find a reason, and certain quirks in buyers will make even the worst characteristics of a home seem appealing. That being said, if you want to cast the widest net when it comes to finding qualified renters, then you need to think about who will be in the area and who will want to be in the area as well.

Amenities can be anything under the sun, but there needs to be a reason to attract buyers in the first place. This could be wildlife, parks, malls, colleges, entertainment, and other such things because the list just keeps on going. It is important to simply remember that when there are things to do and enjoy, that is when you have found an area that others will want to be a part of as well. If you can find investment, then people will come and will want to live in that place.

For rent. Image source: indianpropertylawyers.com
For rent. Image source: indianpropertylawyers.com

Job Market

The general job market is going to be important because you will want to have qualified renters to rent from you. However, you also don’t want to have a flat-lining pool of possible tenants. Instead, you want it to be growing. You also want to have your potential candidates continue to increase their wages so that they can continue to afford to rent from you (and possibly even affording an increase in other dues as well). The key is that you cannot neglect the other side of the equation, which is thinking about where you will be for the long term.

Assuming that you have a twenty or thirty-year mortgage (if not one that is even longer), then you could be locked into that property for a long time. So, instead of going to an area that is volatile with respect to jobs and the future economy, you want to find something that will keep growing and will continue to attract people in the long haul as well. Knowing the job market means you will know if your product will have enough demand to even succeed as a viable business plan in the long run.

Rents

Paying attention to the rents themselves is one key that you cannot forget, according to an article by Business Insider. It isn’t all about making immediate money as you will be able to make it in the long run if you have a solid property. That being said, you also want to be able to know you are not only clearing your mortgage payments and other obligations but that you are also able to afford anything else that comes up.

When you are pricing an area in general then you will also be able to tell a lot more about the area with respect to the class of people and the types of tenants you will be dealing with. That is just one of the reasons that it is so important to consider searching for properties with top tools such as DDProperty when it comes to actually seeking out the best properties.

Schools

While most people think that a school district is nice just for small families, the reality is a strong school district leads to a lot more. Having a strong school district in a general area means that people who live there are able to afford the taxes, the local government runs the area efficiently, and in general there isn’t a lot of volatility or crime. When you think about an area that you want to open a leasing property operation in, that is pretty much the exact summary of where you want to go.

Furthermore, even if the area suffers some lows for a certain period of time, the areas that get hit the hardest are typically the worse off neighbourhoods, which only means that the areas with nicer schools and a more solid economic base will continue to be sought after.

When it is all said and done there are always opportunities out there to open properties and find good investments in the real estate game. What you want to do is to find the places that give you the best chance at being successful and yielding the best profit for the least hassle and stress.

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  • Vrushali Mahajan

    yes, definitely. These are the essentials for people who are deciding to move in the near future.

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Thailand: Elephants Aid in Spreading Fruit Seeds

Based on the diets and habits of mammals, scientists found that elephants are the best allies for the Thai Annonaceae tree to spread its seeds.

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Elephants
Asian Elephants are the major seed dispersers for the p. macrocarpa. Pixabay

Massive fruit trees in the Thailand evergreen forest need Elephants to help spread their seeds, according to a new study.

Based on the diets and habits of mammals, scientists found that elephants are the best allies for the Thai Annonaceae tree to spread its seeds.

In the diverse environment of Khao Yai National Park, there is a complex set of relationships between the plants and animals. Not every species of fruiting tree is an attractive meal to all herbivores. A team of researchers, led by Kim McConkey from the University of Nottingham, set out to study one particular tree, the Platymitra macrocarpa from the family of custard apple trees.

The p. macrocarpa produces 3-to-5-inch fruit that are ripe from May through August. McConkey tracked how often animals visited the trees and ate the fruit, including elephants, bears, monkeys, gibbons and Sambar deer. They measured the animals’ fruit consumption as well as the ensuing seed dispersal and seed viability.

Researchers found the seeds in the dung of some species while others like the Sambar deer regurgitated the large seeds. When asked about tracking animal poop, McConkey admitted, “I’ve got two boys so they just love what I do.”

As expected, the Asian elephants were the major seed dispersers for the p. macrocarpa. Elephants aren’t often seen in the area of the trees McConkey studied, but as she told VOA, “I thought if I’m going to see them feed on any fruit, it’s going to be this one.” Her hunch was borne out in the data, with elephants consuming only 3 percent of the fruit but producing 37 percent of the viable seedlings.

Elephants
The p. macrocarpa produces 3-to-5-inch fruit that are ripe from May through August. VOA

These findings regarding the Asian elephants point to the important role they play in the ecosystem. Jedediah Brodie, chair of conservation in the Wildlife Biology Program at the University of Montana, told VOA that “overhunting in the tropics often drives large animals locally extinct but leaves smaller species like rodents. And this study shows that those smaller animals just are not able to replicate the ecological role of the larger species.”

When looking at the performance of other species, the researchers were surprised by how effective Sambar deer were at dispersing seeds. “Sambar deer generally have quite a bad rap in these forests,” McConkey said. “People think they’re seed predators, but it turns out they actually do disperse a lot of seeds.” While the Sambar deer weren’t quite as effective seed dispersers as gibbons (21 percent), they still produced a respectable 17 percent.

Bruchid beetles were the primary challenge to producing viable seedlings. The beetles, which are known to infest all kinds of seeds and beans, spoiled most of the seeds left exposed on the forest floor. Unlike the regurgitated seeds of the sambar deer, the seeds went through the elephants’ digestive system and were covered by excrement. The seeds were protected from beetles and provided with an effective, natural fertilizer and were able to survive and grow into seedlings.

It is easy to think of animals adapting to their environment through evolution and behavioral change, but we rarely consider the same relationship in the opposite direction. The massive Platymitra macrocarpa has perhaps evolved to provide fruit that appeals to more than one frugivore.

Also Read-Breaking the Law? Sri Lanka Cracks Down on Owners of Elephants taken from Wild

As McConkey told VOA, “The husk of the fruit — it’s like the outer covering of the fruit — has become very thick, and it’s that outer covering that deer eat. But if you open up the fruit, each seed is covered by this juicy, soft pulp, and it’s that that the monkeys and gibbons like.” She thinks that this might be a case where the tree evolved to appeal to multiple animal species to increase the chance of spreading viable seeds.

Despite the variety of animals eating the seeds, elephants are still the tree’s best chance of producing viable seedlings. When asked what might happen if elephants were to disappear from the region, Brodie responded, “That’s the million-dollar question.” (VOA)