When it comes to investment properties, there are a lot of myths and misconceptions floating around. Some people think it’s impossible to make money from rental properties, or that property management companies are always a waste of money. In this blog post from Minnix Property Management in Lubbock, we will debunk four of the most common myths about renting your property!
Myth #1: It’s Not a Good Time to Invest
With interest rates at an all-time low and the economy slowly starting to rebound, now is actually a great time to invest in rental properties! If you’re thinking about renting out your investment property, now is the time to do it.
Myth #2: Property Management Companies are a Waste of Money
Many people think that they can save money by managing their investment property themselves. However, this is often not the case. A good property management company will be able to screen tenants, collect rent, and handle repairs and maintenance — all of which will save you time and money in the long run.
Myth #3: You Can’t Make Money from Rental Properties
This is simply not true! With the help of a good property management company, it is possible to make a profit from your investment property. In fact, many people use rental properties as a source of passive income.
Myth #4: It’s Too Much Work to Rent Out Your Property
Again, this is where a property management company can be a lifesaver. A good property management company will handle all of the work for you, from screening tenants to collecting rent to handling repairs and maintenance.
If you’re thinking about renting out your investment property, don’t let these myths stop you! With the help of a good property management company, you can make money from your investment property with minimal work on your part. Contact Minnix Property Management today to learn more!