Is a rental property right for you? Should you take the plunge into a rental property?
Rental properties can be an excellent investment tool, but it's not as easy as HGTV's "Income Property" makes it look!
Most people do not realize how much work goes into managing a rental property. It requires a lot of time and skill to manage an income property. One of the top questions to ask yourself is, should I be my own landlord or subcontract the work to a property management company and pay a fee? The answer is different for everyone and doing your homework is essential.
For some however, paying a small fee may be well worth the investment for dealing with repair calls, draw-up leases, managing security deposits, rent bookkeeping & general property up-keep that go hand-in-hand with owning a rental property.