When you own rental properties, the ride won’t always be a smooth one. Expenses are a constant, from ongoing property maintenance to major repairs and renovations. Some tenants can be far less than perfect, and getting rid of bad tenants involves time, effort and expense.
Are you prepared to sit out vacancies when there is no income to offset property mortgage payments and expenses? What about the time and expertise needed to find renters, deal with contracts and deposits, collecting rent and resolving complaints and other issues?
Remember, too, that selling real estate is not an overnight transaction like liquid investments.
Savvy investors seek out guidance of real estate, tax, and legal professionals to maximize the benefits of rental property ownership. Nonetheless, owning rental properties isn’t for everyone.
Contact Infinity Realty Guam today for the real estate company that will provide quality service you deserve. (Click here).
DISCLAIMER: This information is provided for general awareness only and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind. Please consult with a professional in their respective expertise for complete details.