15 Jul Why You Should Invest In A Rental Property
Investing in real estate can be a great alternative to traditional investments and many owners choose to rent out their property. Here are some of the top benefits for getting into this line of business!
Increase over time. Money being put towards real estate investments has increased substantially over the past few years. This is due to an influx in demand of rental properties and an increase in rental rates. These continue to trend upwards, meaning your property’s value will continue to increase as well.
Security. Unlike investing in stocks, your investment growth is a lot steadier with a very minimal chance that you can lose it all overnight. Generally, experts can predict when the market will start to dip in advance, and you can adjust accordingly.
Create passive income. Investing in a rental property (or four!) can make you money while you sleep and the rent you collect can cover or exceed your mortgage payment and other expenses, allowing you to bring in extra cash flow.
Tax breaks. As a real estate investor, you can take advantage of several tax exemptions. Rental income is not subject to self-employment tax and government provides tax breaks on insurance, repairs, legal fees, and property taxes.
Inflation. Although normally a bad thing, people who own rental properties actually benefit from inflation because, as the cost of living increases, so does your income.
Flexibility to sell. Renting out a home allows the homeowner the opportunity to be selective about when and if they sell while the home is still appreciating. Once the market is in the right place and the lease is up, they can pull the trigger.
*About Windermere Homes & Estates*
Windermere Real Estate is the largest regional real estate company in the Western U.S. with over 300 offices and 6,500 agents serving communities in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Mexico. Last year, Windermere closed 77,000 home sales for more than $36.7 billion in dollar volume. The Windermere family has a proud heritage of serving our neighbors via the Windermere Foundation which funds services for low-income and homeless families. Since 1989, the Windermere Foundation has contributed more than $40 million towards improving lives in the communities where we live and work. For more information, visit windermere.com.
Windermere Homes & Estates donates a portion of the proceeds from every home purchased or sold to the Windermere Foundation, which supports low-income and homeless families in the community. What started in 1989 as a grassroots foundation serving families in need in Washington state has grown to encompass eleven states and has raised over $38 million for programs and organizations that provide shelter, clothing, children’s programs, emergency assistance and other services to those who need our help the most.
Windermere Homes & Estates was founded by Rich Johnson in 2013 and has been setting the standard ever since. The forward-thinking company has opened 17 offices and hired more than 500 agents with awards such as the Brokerage Achievement of Excellence and the Standards of Ethics, awarded by the San Diego Association of Realtors® (SDAR). Creating a “3rd place” for agents to collaborate and connect on a daily basis both virtually and in person has been a key factor in Windermere Homes & Estates’ success.