Passive Income: A Necessity To Any Investment Portfolio
A reliable source of passive income should be a part of any financial portfolio. At the top of the list for consideration should be a well-managed, cash flowing property which yields an acceptable rate of return.
The key to this making this a successful investment, after selecting you rental investment is finding a reliable, licensed property management company to qualify your renters and competently mange your asset for you. They will conduct complete background checks, especially for criminal and past eviction histories, collect a security deposit and begin collecting rents in a timely manner, forwarding your money to you in the way you determine, regularly.
A good property manager will save you not only time and money and in the event of the necessity for an eviction, they act on your behalf to file the appropriate eviction order with the court, serve the tenant a 3 day notice to vacate and see to it that the tenant leaves without damaging your investment. A good manager is well worth the 8-10% they charge to assure you of a worry free, turnkey investment.
Investments in these assets can and should yield much higher net returns for you. Returns of upwards of 15% and more as compared to Best Fixed Annuities of 9%; Dividend stocks of 6%; Agency Bonds of 5%; Series I Bonds 4.6%; US Treasury Securities 2.33%; Municipal Bonds 2.3%; CD’s 1.21% and down the list it goes further. So at some point knowing this you must ask yourself the question. “Why would you invest in anything else?”
These properties can more often than not be purchased with equity at time of purchase and can return a net of 15% and higher on your investment, year after year. A good rental property will give you a perpetual stream income for life for as long as you own it. Among the many advantages of owning rental property are: Security
• Safe haven
• Tax benefits
• Pride of ownership
• Reliable cash-flow
• Tangible asset appreciation
• Depreciation
• Capital gains taxation
• Inflation hedge.
• Passive income for the life of the investment.
Rental income producing houses are assets which can yield high returns and supplement income, while growing wealth at the same time. Professionally managed for you, these real estate income producing assets give you the peace of mind in knowing you will be receiving monthly income for as long as you own the property.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.
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