Tenants, Not Price, Key to Successful Real Estate Investments, Says MACK Companies

Chicago, IL (PRWEB) January 24, 2012

With everyone from news outlets to Morgan Stanley telling investors that rental real estate investment is one of the smartest assets to add to their portfolio right now, there is increased interest from consumers about becoming a landlord. Due to their low pricing, distressed and bank-owned properties in particular look attractive to real estate investors.

However, for a foreclosed property to become a positive, cash-flowing real estate investment there?s more to it than buying a property at a great price. In fact, price is not even the most important criteria to a successful real estate investment property. According to James McClelland, CEO and president of MACK Companies, at the heart of every successful real estate investment is a great tenant.

?This might seem counterintuitive to the novice real estate investor, but when we look for places to invest in properties we always begin with the tenant in mind,? said McClelland.? A real estate investment works when you have steady, dependable income. And the best way to get that is by having excellent tenants.?

McClelland?s Tinley Park, Ill.-based company is the nation?s premier provider of single-family, turn-key investment properties and the largest owner of single-family investment properties in the Midwest. The company has grown to that status by adhering to a strict AAA+ investment strategy ? ?A? properties in ?A? locations with ?A? tenants create positive returns. For more than 14 years, MACK Companies has specialized in redeveloping distressed single-family properties in Class A neighborhoods within Chicago?s south and southwestern suburbs, then leasing the homes to ?A-quality? tenants after a rigorous screening process.

Currently, MACK Companies has a tenant waiting list more than four months long. To achieve that same rental demand for your investment property, McClelland suggested the following:

Invest in great areas

McClelland said there are a couple key factors to determine if your future rental property is in a great area that would attract excellent tenants.