Rental property investing is a strategy that involves purchasing real estate and leasing space to businesses or individuals. With this strategy, the type of real estate that the investor purchases can be anything from a single family house to a duplex, a 4-unit apartment building, a shopping center, or even a storage facility! The possibilities are endless. Once an investor acquires a rental property and occupies the space with a signed lease, they become a landlord.
As a landlord, you are responsible for upholding your commitments in the stated in the lease which typically include maintenance and other functions pertaining to the operation and living conditions of the building. Landlords make money when the incoming rent exceeds all outgoing outgoing costs, including mortgage and expenses.
Passive Income- With the proper management team in place, owning a rental property will provide monthly income with minimal time investment.
Property Value Appreciation- Rental owners benefit from the potential of increasing property values.
Tax Benefits- Rental property owners often qualify for tax deductions.
Inflation Hedge- Owning rental property is a great way to outpace inflation while simultaneously generating cash flow
Many people are concerned about the time commitment required to maintain a rental property; the solution is to hire a management company! If you're looking to safeguard your cash from inflation or seeking a method to generate additional monthly income, then investing in rental property is an excellent option for you. One of the advantages of owning rental properties is the flexibility to start at any stage in life. Much like the stock market, the longer you own property, the more money you can potentially make.
First, you'll need to determine what's important to you. For instance, do you care more about monthly cash flow, or are you more interested in finding a property that will increase in value exponentially? Once you prioritize your criteria, that's where our team comes into play. We will help you identify properties that fit your criteria based on current and future market conditions. Our team of experts will provide you with all the information needed to evaluate the potential earnings of a prospective property and guide you through the negotiation process with the seller.
Set up an introductory call for our team to gain a better understanding of your goals and create a plan that suits you!
Set up an introductory call for our team to get a better understanding of your goals and create a plan that suits you!
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