Читать книгу Property Management Kit For Dummies - Robert S. Griswold - Страница 34

The inadvertent rental property owner

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Many property owners find that they’re in the rental housing business almost by accident. Although solid reasons to invest in and own rental real estate exist, many owners begin their real estate careers by chance or through circumstances beyond their control, such as the following:

 Some people inherit a house or condominium from a relative and don’t want it to sit empty.

 Other people transfer to a job in another city and can’t sell their old home, so they’re forced to rent the property because they want some income to help cover their new mortgage and operating expenses.

 Some folks who are looking to own their own place find a great duplex where they can live in one unit and rent out the one.

 Other owners are upside down on their mortgage (owe more than the house is worth) and can’t sell their property for enough money, so they rent it (while finding more modest accommodations for themselves) until the market improves for sellers. Note that this scenario also applies to some couples who are going through a divorce.

Whatever the circumstances, the bottom line is the same: The property owner hopes to generate sufficient income from the property to cover the debt service and all operating expenses, and possibly even to provide some cash flow, along with tax benefits, appreciation, and equity buildup.

Property Management Kit For Dummies

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