s it possible to make investment or employment income.
money investing in real One of the disadvantages of
estate? You see all of investing in rental property is
those ads for courses that cost the cost of tenant repairs, and
hundreds of dollars, and claim to another is vacancies.
teach you how to make money by
investing in real estate. The There are some tips to follow to
truth is that some research and maximize the return on your
knowledge can save you hundreds, rental property investment. The
and even thousands, when you first is to consider a month to
invest in rental property. If you month lease for your rental
have some money to invest, rental property. Most landlords prefer
property is a great way to turn to rent for a fixed period of
your money into a lifetime of time, like six months or one
income. year. The advantages are less
vacancy and more stability. There
There are many advantages to are some disadvantages to having
investing in rental property, but a longer lease time as well. One
there are a few disadvantages as is that it takes much longer to
well. One advantage is that it is get an unwanted tenant out due to
a long term investment that in the legal system. With a month to
the past has given an annual rate month lease you are only required
of return at around nine or ten to give a tenant one month of
percent. This is comparable to notice to have them move. Certain
the stock market, but with groups of people, like college
significantly less risk. The students and workers who may be
capital gains tax on any profit relocated among others, actually
you make from your rental prefer a short term month to
property is twenty eight percent, month lease, and these groups
which is less than most will usually not sign an
agreement for an extended time. far outweigh the costs, and
certain good tenants would prefer
A short month to month lease can the shorter terms. The short time
actually save you money in your length allows you to get any
real estate investing. This is undesirable or non paying tenants
because it is easier and quicker out a lot faster, so good tenants
to raise the rent if your can be found and moved in. This
expenses for upkeep and other can save you quite a bit of
costs go up. With a longer lease, money, repairs, and hassles. You
you can not raise the rent for invested in real estate to
that length of time, even if your protect your money and make it
costs go up. With a month to grow, and a shorter lease period
month lease, if your costs go up, will work harder for your money.
you only have to give the tenant
one month of notice before you Copyright © 2007 Joel Teo. All
can charge them more. rights reserved. (You may publish
this article in its entirety with
In summary, it is sometimes the following author's
better to have a month to month information with live links
lease with your rental real only.)
estate investment. The benefits
About the Author:
Joel Teo writes on various financial topics including
Las Vegas Real Estate. Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.info.
Read more articles by:
Joel Teo
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