Owning rental property in
is becoming a hot topic! Phoenix area rental property is picking up steam, with rents increasing and along with it comes savvy investors looking for “mail-box money.” Phoenix
Talk to many financial advisors and they’ll tell you, owning rental property can have a number of advantages. When most people run the numbers, the math points to a higher rate of return than if they put their money in the traditional investment market – plus, they’re assured the much desired “mail box money,” a proven formula for on-going income easing the burden of life as we age.
Recent reports show the
rental market is hotter than ever – they’re dominating the market! Phoenix
I entered the rental market myself a year or two ago. Home prices are at an all time low and so are interest rates for a loan. I ran the numbers a variety of different ways and each time I did, the answer was the same – It didn’t make sense not to acquire rental property. I placed a home warranty protection plan on them to give me – and the tenants - peace of mind. It was a great decision and I haven’t looked back since!
So if you see me heading to the mail box, now you know what’s behind that ear-to-ear grin I wear! If you're thinking about rental property, let's chat.
Photo from Flickr courtesy of Bgautrea