You may be faced with many questions when deciding if you should rent or sell your home, especially in the current “Seller’s Market”. Becoming a landlord might seem like a daunting task if you don’t have a property manager. With a property management company making renting your home a hands-off operation, the financial benefits begin to seem more appealing. So, why rent?
1. Monthly Income
This is commonly seen as the most beneficial part of renting your property as it generates income that requires minimal effort to maintain, especially with a property manager.
2. Mortgage Being Paid
With someone living in your home, you are receiving the cash flow to pay your mortgage down. Thus, increasing equity and creating flexibility of selling once you are in a greater financial position to do so. Essentially, your property is paying for itself.
3. Creating an Investment Property
If you are looking for a long-term investment, this is it. While you are renting your home, it is appreciating in value, creating financial security when it is time for you to sell. Plus, with the ever-changing market, you will have a diverse investment portfolio.
4. Tax Benefits
With proper documentation, you may be eligible for tax benefits. Our property managers can connect you with tax professionals to assist you in identifying which tax benefits would be applicable to your financial scenario.
At RPM Direct, LLC, we have a talented staff dedicated to maximizing landlord cash flow, minimizing vacancy and maintaining the long-term value of your property.
RPM Direct, LLC is a property management company located in Woodbridge, Virginia. We specialize in providing full-service solutions to owners and investors. We manage Virginia properties located in Woodbridge, Lorton, Manassas, Springfield, Dumfries, Occoquan, Stafford, Bristow, Triangle, Gainesville, Quantico and Fredericksburg. Want to learn more? Contact us today!