The Good and Bad of Owning Rental Property

The financial benefits and tax advantages can make rental property one of the best investments you can make.

What are the advantages and disadvantages of owning rental property? Monkey Business Images/Shutterstock

Owning a rental property has the potential to be financially rewarding. It comes with tax benefits and a revenue stream. On paper, owning rental property looks profitable.

But there are downsides to be aware of if you’re considering diving into the landlord arena. Between maintenance and keeping tenants, being a landlord can lose its luster fast. What are the advantages and disadvantages of owning rental property?

Almost Passive Income

Rents can turn into a steady passive income. After all, once the mortgage and related property expenses are paid, the profit is yours.