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    * Note: Rental Listings are updated weekly. Listed properties and terms are subject to change without notice. Onyx Management is not responsible for any advertising mistakes in the listed properties information.  Onyx Management Group, Inc. is an equal opportunity housing company. 

    Rental Listings

    410 Shoemaker Rd. Elkins Park, 19027

    Neighborhood: Elkins Park

    Single for Rent: $1,950.00/MO 4 bds | 2.5 ba | 1773 sqft |  Status: Available

    410 Shoemaker Rd. Elkins Park, 19027

    Property Description:

    Charming three story colonial, impeccably maintained on one of Elkins Park's most desirable, tree lined streets. This bright and inviting home offers freshly painted walls enhanced with crown molding, hardwood floors, formal living room with the added charm of a fireplace, French doors leading to a screened in patio, view of a beautiful staircase where natural light shines through a large window. Available Jan 1st!

    Previus Property 915 S 21th St. Philadelphia, PA 19146
    Next Property 604B Grant Ave, Willow Grove, PA 19090

    Property Details:

    Status: Available
    CountyMontgomery County
    Property Type:Single
    Number of Bedrooms4
    Number of Bathrooms2.5
    Number of Floors3
    Lease TypeYearly
    Monthly Rent ($):$1,950.00
    Move-In Amount ($)$5,850.00
    Square Feet1773
    Property CategoryResidential
    Section 8No
    Garage Size1
    Are Pets Allowed?Negotiable
    Contact NameDiana Meyer
    Contact Phone215-354-0404
    Contact Emaildmeyer@onyxmgt.com
    Tenant Responsibilities
    • Gas
    • Oil
    • Electric
    • Water
    • Disposal
    • Garage
    • Gas Range
    • Granite Countertop
    • Carpeted Floors
    • Dryer
    • Microwave
    • Air Conditioner-Window/Wall
    • Washer
    • Basement
    • Finished Basement
    • Gas Heat


    Houses for Rent & Rental Properties in Philadelphia

    Rental Properties Investment

    If you’ve ever considered investing in a few rental properties in Philadelphia or Bucks County, PA now might be a good time. Prices are still low in Philadelphia, but have been on the upswing. According to the National Association of Realtors, the median price of an existing home in a US metropolitan area grew 13.7% between July 2012 and July 2013, the latest in a 17-month streak of year-over-year price increases. 

    New landlords can choose from properties that are likely to appreciate and a large pool of potential renters.Licensed realtor Pat Mueller cites a few reasons for this trend: “Many families have lost their homes to foreclosure and are entering the rentals market for the first time in years. Mortgages are also harder to get now, so fewer people are qualifying for a new one.”The more skills you bring to the table to get into Houses for Rent in Philadelphia Philadelphia or Bucks County, PA and the more time you have to devote to your properties, the faster you can make a return on your investment. 

    But investing in rentals can also be disastrous (or too stressful to be worthwhile) without expertise. Here are three professionals you may consult about your new rental properties, and what you can do to mitigate how much they cost you:Handyman:  You may need to hire a specialist for some work on your rental. If you need new outlets or new pipes, for example, hire an electrician, plumber or licensed contractor. Handymen usually tackle smaller, more manageable tasks, like:

    • Painting and paint removal
    • Drywall repair
    • Minor appliance repairs (fixing a leaky toilet or faucet, among others)
    • Installing tiling or flooring, moldings, windows, doors
    • Refinishing decks, cabinets and other wood items

    When You Could Skip It: You could do any (or all) of these projects yourself if you have the time and interest in learning. Of course, this only works if you live relatively close to your rentals and are flexible enough to service them on short notice. And if you’re willing to respond to the occasional 5 AM basement flooding.

    Average Savings: Any base rates or costs-per-hour vary from location to location in Philadelphia or Bucks County, PA , but nationally, you can expect to spend an average of $60 to $85 per hour for repair costs. It general costs less to hire an individual handyman than a handyman employed by a company. Expect an additional charge if your job requires a trip to the store for materials.

    Resident Property Manager As the owner of a handful of rental properties, you may be able to manage them yourself, but if you want help, a single resident manager would probably be more cost efficient than a property management company. Resident managers may:

    • Serve as a handyman
    • Advertise vacancies in your units
    • Show apartments to prospective tenants
    • Review rental applications
    • Collect rents

    When You Could Skip It: Again, the closer you live to your properties and the more spare time you have, the less likely you are to need a manager. The obligations of being a boss will also cut into the time you save on maintenance.

    Average Savings: The national median wage for residential managers is just over $25 per hour. Research the wages in your community and adjust according to how much responsibility your manager will take on. 

    Real Estate Agent: Once you’ve gotten your financials in order and done your own research on the neighborhood(s) you’re considering, you might contact a realtor to show you potential properties. You can also arrange for a realtor in Philadelphia or Bucks County, PA to show rentals once they’re ready to rent.

    When You Could Skip It: It depends. Even if you’re a local, or have thoroughly researched the neighborhood(s) you’re considering, a realtor is a great resource for a first-time rental buyer. Realtors have access to data and statistics not necessarily available to the general public and first-time buyers may not know all the right questions to ask. Using a realtor to fill your Houses for Rent vacancies is less of a no-brainer, depending on your other time commitments or whether you plan to hire a resident manager who could do the same thing.

    Average Savings: As a buyer of rental properties, as when buying your own home, sellers typically pay most, if not all, of the buyer’s realtor fees. In this case, Mueller points out there’s little reason not to work with a realtor. For help in filling your units in Philadelphia or Bucks County, PA, the services of a realtor would set you back between 10-20% of the unit’s rent per month.  Mueller recommends interviewing with several brokers before making your final decision to invest into Houses for Rent .

    The Bottom Line: As a new landlord, you can’t necessarily control the flexibility of your schedule or the amount (and cost) of unexpected repairs to your properties. Rentals are a long-term investment. However, to maximize profits from your Houses for Rent, new rentals, you can buy close to home and start small. It is best to begin with just one or two properties. This will allow you to maximize the time you spend on your properties’ needs, and minimize the amount you’ll have to pay anyone else.

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