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Joined: Jul 2012
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Koala
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Koala
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Rental property can be a great investment. There are many advantages to owning rental properties. Do you know the advantages to being a landlord?

Advantages of Rental Property


Sandra Baublitz, Investing/Home Finance Editor
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Koala
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Koala
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What advantages can you think of to owning rental property?


Sandra Baublitz, Investing/Home Finance Editor
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Koala
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It can provide a nice income stream provided your expenses are low.


Sandra Baublitz, Investing/Home Finance Editor
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I think it would be worth it if you charged enough rent to pay a property management firm to do the heavy lifting, and still make a small profit beyond that. I think it might even possible to make your rental property pay off its own mortgage through the rent you'd be charging. That would be ideal.


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You are so right, Ro. Tenant rent paying off the mortgage is a big plus as long as they don't cause big damage. Property management firms do great work although I have heard some stories where firms have cheated their clients. Fortunately, I think this is fairly rare.


Sandra Baublitz, Investing/Home Finance Editor
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