DIVERSIFY AND STRENGTHEN YOUR FINANCIAL PORTFOLIO As investments go, real estate is one that offers more consistent gains over time. In fact, for long-term wealth building, there is no better investment. For this reason, even if you have investments in stocks or bonds, investing in rental real estate could be a great way to strengthen and diversify your portfolio. Real estate tends to be less affected by market fluctuations and can help stabilize your overall investments in volatile times. This can help mitigate risk and keep your net worth growing. GET SUPPORT One of the best-kept secrets to investing in rental property is to have the right property manager on your team. A quality property manager can take over the day-to-day tasks of rental property ownership, allowing you to invest without taking on the overwhelming responsibilities of property management. At Real Property Management, we are committed to helping veterans succeed with rental property investing. If you’re ready to explore how rental property investment can work for you, Real Property Management is here to help. Contact us today to discuss your goals and learn how we can help you build a successful rental portfolio tailored to your needs. Contact your local office today for expert advice and assistance in managing your property at www.realpropertymgt.com.
that can be used in the future to finance additional properties or support a comfortable life in retirement. Plus, when a property is managed well, the monthly rental income can offer short-term stability while building toward long-term financial security.
USE YOUR MILITARY EXPERIENCE TO YOUR ADVANTAGE
As a veteran, the skills you learned in the military are a valuable asset. This is especially true when it comes to investing in rental properties. For example, advanced problem-solving, organization, and working in teams are all key skills the most successful real estate investors possess. Your ability to collaborate can help you more effectively work with renters, property managers, and contractors. And, having training in handling unexpected situations calmly can be invaluable in rental property management. TAKE ADVANTAGE OF TAX BENEFITS AND DEDUCTIONS Certain tax benefits also make investing in rental properties a smart choice for veterans. For example, when you own a personal residence, you cannot deduct expenses like property repairs, mortgage interest, and depreciation. But these items become a tax deduction when you own a rental property. As a veteran, you may also qualify for additional tax benefits. Check with your tax professional to see what might be available for you and to determine how to maximize the benefits available to you.
BUILD FINANCIAL SECURITY AND STABLE INCOME Another reason veterans should consider investing in rental real estate is the opportunity it offers to build a stable income stream that can supplement your pension or other income sources. Unlike renting, when you buy a property, your investment typically appreciates over time, creating equity
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