Jan 4, 2023
Benefits of Owning a Rental Property
Renting a property can be an excellent way to earn passive income. However, the rental market is extremely competitive and not everyone will be able to rent out their properties profitably. With smart management, the right strategy and proper maintenance, investing in rental properties has even more potential than you might think.
Do you have a spare room or two? Maybe an attic or a basement that could use a little loving? If you answered yes to any of these questions, then you probably already have an empty space that could serve as a great investment. Many people assume that buying or adding a rental property isn’t worth their time because they don’t see the huge return on investment. However, it’s one of the most overlooked ways to make money and a great way to build wealth.
“I still think buying a home is the best investment any individual can make."
John Paulson- Billionaire
Make the Most of Your Investment
Check out all these benefits
- YOU'RE in control. Sell whenever and benefit from capital gains.
- Potential for bank loans is increased when investing in real estate as opposed to stocks.
- Improve your credit score as your tenants help to pay down your mortgage.
- Build equity and a guaranteed ROI.
- As inflation rises so will the value of your real estate.
- A simple way to save for retirement.
- Build your portfolio and grow your assets.
- Buy and hold to accumulate appreciation.
- Use cash flow to build wealth or for an emergency fund.
- A means to secure a principal residence for you and your family.
- Easy way to build on your networking skills.
- Multiple tax benefits. (I will lay out the details on tax benefits in my next article)
Owning rental property has its perks for those who know how to take advantage of them. From unlocking cash flow to creating a passive source of income, owning rental property can be a reliable way to steadily build wealth and reach retirement goals.
Kristen Burg
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
A Kansas City native, married, mother of two, and the office manager for Turnkey Property USA. Specializing in social media marketing, website design, CRM development, human resources and customer service. Loves live music, the food scene and traveling with family and friends.
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