From an investment and financial planning standpoint, why should I invest in real estate? I’ve heard you talk about it more, but I remember the days when you said real estate is a second job.
Real estate is certainly a second job, but for us, it is also a business, as we manage more than 1,000 units. For our clients, real estate is an investment. In today’s market, we believe no other investment gives you a better cash on cash return than real estate.
If you have a full-time job and you are a landlord, you have to address the broken air conditioner unit, the overflowing toilet, the leaky dishwasher, the jammed garbage disposal, etc. Depending on the frequency of repairs, it may not be worth the hassle for the little profit you are receiving. However, with more than 1,000 units under management, it becomes real money.
In addition to the apartment complexes we own, we also manage properties for clients. Tenants do not know who owns the unit, and the owners do not have to extend sympathy to the tenant when the rent is late because of a sob story. A management company also has plumbers and maintenance on call so repairs can be done efficiently and affordably.
You can do it yourself. You can finance up to four homes. It is hard work, but it can be a very good investment. Before you put your wealth on the line with four mortgages, be sure you can afford to pay on the home when the toilet does overflow, and cause enough damage where you cannot rent the home for four months and you need to invest $10,000 in repairs.
At Henssler Financial we believe you should Live Ready, and that includes understanding the risks that come with an active investment like real estate. If you have questions on your investment properties, the experts at Henssler Financial will be glad to help. You may call us at 770-429-9166 or email at firstname.lastname@example.org.