Have you been wondering if owning rental property is right for you? Perhaps you’ve considered venturing into the world of real estate investment yourself and are drawn to the idea of becoming a rental property owner. With homeownership rates at their lowest levels in 50 years, now might be a good time to explore that opportunity.
PASSIVE Monthly Income
The biggest benefit of owning rental property is that it’s a passive income source. This means that it is a recurring income that requires relatively little effort to maintain. It can be an attractive option for people looking to supplement their current income, create a retirement plan, or provide a nest egg for future generations.
Property Value Appreciation
Renting out your property now allows you to hold onto your property in case it appreciates, giving you the option to sell when the time is right. The amount of appreciation is going to vary by market. Research the appreciation potential of different cities and neighborhoods to see what you might be able to expect. Your property will likely increase in value over time, depending on how long you own it, the location, and the long-term care it takes.
Real Estate Market Flexibility
Are you ready to move, but the market conditions have taken a turn for the worse? Instead of selling your property for a loss, you can rent out your property. Renting out your property gives you the flexibility of selling once you’re in a better position to make a profit off your property.
So you’ve purchased a rental property… now what? You can either do management, improvement, and repairs yourself or hire a professional property manager like Real Property Management Premium if you feel your time is better spent on other activities. We handle the hassles so you can focus on what matters.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
