Have you ever thought about investing in a rental property? Here are 5 reasons to consider making the investment! I promise you won’t regret it!
1. Rentals allow for greater return
The more you invest the greater return. This is true with anything but especially rental; properties. Say you have a property that is a great location but a little outdated. If you spend some time making those updates plus you already have a great location you could potentially charge a higher rental rate and get more money for your investment.
2. People always need a place to live
Real estate is always fluctuating. However, people always need somewhere to call home. So unlike other trends real-estate is an investment you can always rely on. Another perk of owning a rental property in this day and age is mortgages are becoming increasingly more difficult for the younger generation to be approved for. This generation also enjoys the flexibility of moving around. This means you have a large market of renter for your properties.
3. Rentals have worked for millions before
Perhaps one of the greatest benefits to rental property investing is the proof of concept handed down by millions of successful investors before us. Since the dawn of human civilization, landlords have built wealth by owning and leasing out residential property. Today is no different. According to IRS Statistics of Income data, about 10.6 million taxpayers declared rental income in 2015 for 17.7 million properties.
4. Rentals offer incredible variety
Rental Properties allow you to invest in single family homes, mulit-family properties, apartment buildings, office buildings and more.
5. Rentals are simple and straight forward
With All county managing your properties, you get the luxury of us having to do all the work and you get paid. We will be the middle man between you and your tenants from collecting payments, sending out service orders and just taking calls with any property related questions.