A healthy real estate portfolio is one of the keys to true long-term wealth. Even a sole single-family rental can completely change your financial outlook. As much as you may see the upside with a rental, there are a handful of negatives that can be difficult to ignore. There is no question that if you get involved in the wrong property, with a bad set of tenants your experience will be a negative one. However, for every negative story from a disgruntled landlord there are five others who have been positively impacted by a rental property. You can’t let the potential of a negative influence your decision to actively look for a rental. Here are the five biggest fears of rental property ownership.
There is risk in every area of real estate. With rental property ownership the risk is often worth the reward. Don’t like the common rental fears keep you from exploring the market.