Why should you invest in a rental property?
Spring is a busy season for the real estate market. Houses are going to be bought and sold in droves, making it a great time to consider getting into owning a rental property. Though there is some risk to investing in a rental property, the benefits are clear, and with the right help, you can take full advantage of them.
Why should you consider investing in a rental property?
At the end of the day, renting out a home that you own is beneficial to you in terms of profit. You can either rent out the house until the market is perfect for selling; taking advantage of the increase in property value, or you can generate a monthly income stream off of it indefinitely. The choice is yours. Additionally, there are huge potential tax benefits. With the right purchase, rental rates will cover the mortgage, management fees, and other home expenses, leaving you cash flow positive at the end of each month. One of the biggest issues that property owners face when renting out a property is management, and this is where we can help you.
Why should you seek the help of professional property management?
Managing a rental property can bring with it a lot of responsibilities. Between month to month management and maintenance of the property, you may feel overwhelmed with the work involved. This is where we step in. We offer a full list of rental property services so that you don’t have to worry about your investment. Not only that, but we can help to make sure that you have the right people living in your house with tenant screening services. We can also help get them moved in, providing a level of professionalism that tenants appreciate, which keeps them renewing year after year. Let us help you find the right investment property for you.
Things to Remember
- Prior to beginning your search for an investment property make sure your finances are in order and that you have spoken with a lender so you know your budget for your investment property
- Get help from a professional!! You want to be sure you are purchasing an investment property in a good area, that the property will turn easily, and that the rental rate will allow you to cover expenses and reap a profit!
- Now is a great time to get started!
Property Management with Red Umbrella
We look forward to working with you to meet any and all of your property management needs. Whether you need full service property management or just a few a la carte services here and there, we will be there whenever you need us. We offer service around the clock, so give us a call today at (443) 995-0628 or shoot us an email at tweiss@ruprop.com. We offer service throughout Anne Arundel County, including the following locations: Severna Park, Pasadena, Annapolis, Linthicum, Glen Burnie, Edgewater, Arnold, Davidsonville, Severn, Millersville, Crownsville, Odenton, and Crofton.