Are you in a position to consider buying your first investment property? Congratulations! Relatively recent studies have shown that the average return on rental investments is almost twice as high as the average return on the Dow Jones market. You may be entering an excellent opportunity for a passive income stream to fortify your earnings.
We aren’t born to be landlords. There is no inherent knowledge provided to us by the heavens of the proper way to manage rental properties and tenants. It’s something we learn, often on the fly, after we have acquired the property and usually after we have installed tenants.
One of the reasons to enter the rental investment market is that tons of people need to rent housing. The other side of that coin is that the market is bustling, with tons of players at every position.