In recent years, the average property price in San Francisco has dipped sharply. That's why buying a rental property can be a great way to make a passive income.
But how does making this income work exactly? The process is fairly simple, but it's worth learning a little bit more about how you can make money through these properties.
Want to learn a little more about how to make money through property investment in rentals? Read our management guide and you can pick up some handy tips!
Buy Rent Sell!
There's a simple three-step process that can be used to make a great profit off real estate. Plan ahead around these simple steps and you should be able to cash out in a few years.
First, buy when the market is low, or buy a property that has the potential to rise in value. Right now is a great time to buy, thanks to those big dips in property prices we mentioned earlier.
We can help you find a great deal on a new property thanks to our detailed knowledge of the San Francisco property market.
While you wait for the value to rise, you can rent out the property. This is a great way to earn a consistent income while you wait and cover costs like property taxes and maintenance fees.
Finally, sell when the property has risen in price sufficiently. We can help you sell your property and make a healthy profit.
And voila! Thanks to your property investment, you've made a sizeable profit with only a little research and effort. There are few other pursuits that could offer you such hefty returns.
If you're a landlord, you may find there's a lot of work involved. From carrying out tenant background checks to responding to maintenance requests, there are a lot of demands on your time. While you'll still make a profit, your other interests may suffer as you have to dedicate so much time to property management.
But there is an alternative. Our property management services can help to manage the day-to-day business of the property while you continue to collect the rent. When you use our services, you can sit back and relax, knowing we have everything covered.
Why cause yourself stress and waste your time on these minor issues? It's better to turn your attention to more important issues.
Help With Your Rental Property
No doubt about it, buying a rental property is one of the best ways to make a profit. By learning as much as possible about the process, you'll have the best chance of success.
Better yet, working with property professionals can help you to excel in a competitive market. Here at Kenny Realty, we have years of experience in the San Francisco property market. Contact us today to find out more about how we can help you.