Some investors prefer the stability of renting to a tenant on long-term basis – usually six months or more. There are definite benefits in owning a rental property – monthly cash flow, long-term appreciation, tax benefits, and more. But there are also a lot of potential issues to keep in mind – changing rules and laws regarding the landlord-tenant relationship, repairs and maintenance, and making sure the numbers actually work for you.
Luckily, with the help of a property manager, you can be a fairly hands-off investor. We do offer Property Management Services so you don’t have to get the 3:00 am calls or chase anyone down for rent.
The other great thing about being a landlord is that time is on your side. Your cash flow prospects in year one may be nothing compared to what you can receive in year 10. Appreciation potential makes a rental property a great long-term investment!
Depending on your investment goals, you may not need a lot of capital to get started. Let’s talk!