Watersea Properties|Management Solution
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THINKING OF SELLING?
Renting out an investment property instead of selling it can offer several advantages
Benefit
Steady Income: Renting provides a regular income stream through monthly rental payments, offering financial stability.
Appreciation: Properties tend to appreciate over time, increasing in value. By holding onto the property, you might benefit from future price appreciation.
Tax Benefits: Rental property owners can often benefit from tax deductions, including mortgage interest, property taxes, and operating expenses, which can reduce the overall tax burden.
Diversification: Real estate can diversify your investment portfolio, spreading the risk across different types of assets.
Market Conditions: If the real estate market is currently slow or property values are low, it might be more profitable to wait until the market conditions improve before selling.
Long-Term Investment: Real estate can be a good long-term investment, especially if you have the financial stability to wait for the property's value to appreciate significantly over several years.
Cons
It’s important to note that being a landlord also comes with responsibilities such as property maintenance, dealing with tenants, and understanding local landlord-tenant laws. Additionally, market conditions, property location, and your personal financial situation should all be considered when deciding whether to rent out or sell an investment property via info@individuallypm.com
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