Great Passive Income
Passive income is any income generated that you’re not actively working on.
The Rental Market is Great
According to Pew Research, more U.S Households are renting now than any point over the last 50 years. From that same study, between 2006 and 2016, the total number of households grew by 7.6 million, but
High Return on Investment
While to be a landlord, you’ll definitely be putting up some money up front for the property,
Access to a Plethora of New Tax Deductions
Becoming a landlord also opens up new tax deductions to keep more of your money in your pocket (and not Uncle Sam’s). Landlords can deduct interest expense on loans and credit cards, depreciation on properties, taxes, property repairs, maintenance, insurance and more.** Of course, a qualified CPA (which we are not) can help you make sense of all of this and maximize your take-home income.
Rent Prices Rise with Inflation
Rent prices are unique in that they rise when inflation does, which is excellent for a landlord’s bottom line. When inflation rises, so do your rent prices! They’re not fixed at a rate that is below what you’d need to charge to remain profitable.