Most people assume that if they have the cash to buy a home, they should take the plunge sooner than later. After all, why spend years paying off a landlord’s mortgage when you could be paying off your own? However, as this analysis from www.CreditLoan.com shows, buying a house doesn’t always make financial sense:
When it comes to managing rental property, it’s easy to underestimate the time and effort involved in ensuring that things run smoothly.
Even if you’re lucky enough to find a responsible tenant relatively quickly, you’re still on the hook for a whole host of administrative and maintenance-related tasks—and if you have the misfortune of renting your house to someone who turns out to have serious issues of one kind or another…watch out!
With this in mind, here’s fun a look at the value professional property managers provide to their clients.