Benefits of owning rental property

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Benefits of owning rental property:

Rental properties can be financially rewarding and have numerous tax benefits, including the ability to deduct insurance, the interest on your motgage, and maintenance costs.


What does it mean to own rental property?

A rental property is any property you own where you rent the peoperty out to tenants. If you own a house and rent it to a family, or you own a condo that you rent via Airbnb, you own a rental property.


Are owning rental properties worth it?

Owning a rental property in addition to your primary residence can be a way for you to build welth, especially if you may be averse to investing in the stock market. You can eventually own a physical piece of property outright that also produces income. However, rental property investments aren't always a sure thing.


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