ニーナ・メルセデスのインスタグラム(lifewithmariza) - 1月18日 05時34分
?? Interested in income property?
Being a landlord isn't for everybody, but in today's rental market, it can be a smart way to grow your wealth.
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That's because demand for rental units continues to be strong — driven by the failure of wages to keep up with the rising cost of housing.
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In fact, the number of renters has risen steadily since 2007, when the housing market collapsed, while the number of homeowners has fallen.
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It should not, be mistaken for a way to get rich quick. This is a long-term investment that needs to be approached carefully with the right agent by your side guiding you.
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5 tips for getting started as a landlord
1. Start small
2. Recognize that being a landlord is a business
3. Don't invest in areas you don't know
4. Be ready to get your hands dirty
5. Keep your tenants happy
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Becoming a landlord will not make you wealthy overnight. However, done properly, being a landlord can be quite lucrative over the long run. It is a lot of work and there are plenty of pitfalls for the unwary, but it can be an incredible investment.
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Think about where you currently spend your money and ask yourself is this making me more money or costing me money. I hear a lot of clients who rent properties talk about owning a rental property where the equity goes up yearly, paying it off and leaving it for their kids to secure their future.
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Do you need help or guidance? Contact me I am a real estate agent. I would love to help you get started down the path to owning your very own property or expanding your portfolio. It will continue to be a dream until you take the first steps message me!
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