Considering a Rental Property Investment?
Whether you’ve experienced trouble selling your home, or you’re interested in the idea of passive monthly income from a rental home, owning an investment property can greatly build your financial portfolio and lead to long-term wealth, in addition to providing tax breaks and monthly cash flow. So, is an investment property right for you?
How Do I Make Money with a Rental Property?
The upfront cost might seem like a lot, but it will more than pay off in the end. Once your home is paid off, you will experience the greatest profit margin, but you don’t have to wait 15 or 30 years to reap the financial benefits! So, how will a rental property make you money?
Your Tenant Pays Your Mortgage!
Price your rental right, and your tenant will not only pay your mortgage, your utilities, and any maintenance fees, but will also provide you with a little extra pocket cash.
You Can Take Advantage of Tax Breaks
There are many tax benefits to owning a home, and even more when it’s an investment property. You can write off most expenses associated with ownership, including advertising, maintenance and repairs, property management fees and commissions, HOA or condo fees, mortgage interest, property taxes, and even utilities.
It Seems Like a Lot of Work…
It certainly is! To be sure you are always making money, you’ll need to ensure there’s always a rent-paying tenant in your house, which means advertising and interviewing to find the right tenant who will pay on time, in full, and won’t cause damages or disturb neighbors. You will also need to be quick to respond to any issues—maintenance or otherwise—that arise, to ensure that your tenants continue to happily pay their rent.
The good new is, you don’t have to worry about all that!
A Good Property Manager Can Handle the Details
Can’t find a qualified renter? We can! Not sure how to go about drafting a legal leasing document? We’ve got you covered. Don’t know how to repair a leaky faucet? We have a vendor for that! Our top-notch property management services will take care of all the details for you—from finding your renter through detailed credit and background checks to scheduling maintenance repairs and upkeep. You get to sit back and relax… AND reap the financial reward of equity, tax benefits, and monthly cash flow.
Learn more about the property management services we offer, or contact us today to get started making money with your investment property.