Rental properties are an amazing investment. It is easy to get distracted by the quick money, but having steady cash flow come in month after month and year after year is hard to beat!
Here are quick tips if you’re looking to invest in rental properties.
And while you’re at it, contact us to get started on your real estate investment journey.
1. Managing Rentals Yourself Saves You Money and Time
Getting a property manager does not cost you more money because your properties would be managed better. As an investor, you do not have to worry about your investments all the time.
2. Rentals Are a True Investment
Rentals keep making you money as long as you own them. The more rentals you buy, the more money you make. The investment increases over time as rents go up. This all happens without working or buying more deals. Property managers can make rentals a very passive investment. Rentals are the ultimate investment in the real estate market.
3. Don’t Listen to the Wrong People
A lot of real estate agents do not have a clue what a good rental property is. They also have no idea what your goals are or what is best for you. You can learn from others, study the market, and get help from many people. However, you are the one who should decide what a good rental property is and how you should buy it.
4. Retiring Early Is Possible with Rentals!
You use up your savings when you retire with the stock market. You eat into the money every month. With rentals, you are not eating away the equity: you are actually gaining equity. Houses will appreciate over time, and loans will be paid down.
This is why rental properties are so amazing. They provide an almost solid monthly return every month until you die. The more rentals you have, the more stable the returns will be.