How to Make Income from Rental Property | CIRCL - PowerPoint PPT Presentation

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How to Make Income from Rental Property | CIRCL

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Investors need to know why they are in the rental market and what they want to realize financially. Here is some advice from experts to keep your rental money smooth in the right direction. For more details please contact us at 18775524725 – PowerPoint PPT presentation

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Title: How to Make Income from Rental Property | CIRCL


1
How to Make Income From Rental Property
  • Here is some advice from experts to keep your
    rental money smooth in the right direction.

2
Keep Your Goals in Mind
  • Investors need to know why they are in the rental
    market and what they want to realize financially.
  • If the goal is to live reflexively off the rental
    income, then investors should know how much
    income they'll need.
  • The tax rate changes as income becomes reflexive
    and "your tax rate can be zero percent" because
    you can deduct the decrease from your taxable
    income.

3
Put Your Financial House in Order
  • Knowing your income and expenses will help you
    get loans and, successively, buy more property.
  • Don't forget to include taxes, insurance,
    maintenance, management, utilities and the
    reserves for major repairs, like a new roof.
  • It also pays to learn financing and talk with
    mortgage brokers to find programs to buy the
    property with as little money down as possible.

4
Learn Your Market's Opening Rates and Property
Ratings
  • There are areas rated A through F, and they all
    sell and rent for different rates.
  • Keep your opening rate to 5 percent or less, so
    you won't be stuck with an unrented property for
    months at a time.

5
Look for Real Estate with Great Prospective
  • Properties that tend to do well are near schools,
    expanding retail or fashionable points of
    interest, local transportation and surrounding
    malls.
  • Once it's yours, maintain the exterior and keep
    your costs down with desert landscaping, low-flow
    toilets and tank-less water heaters.

6
Keep Your Options Open
  • Consider smaller markets within secondary
    markets, how well the house was built and how
    much people are paying rent in the neighborhood.
  • Before buying, he checks how well the house was
    framed, who the tenants would be and what he can
    add to the property to reasonably increase the
    rent.
  • The question is whether the existing tenants can
    pay a little more for a better product.

7
Don't be Trapped by Low Interest Rates
  • If a property is already 30 years old and would
    cost the same to build it, then don't buy it.
  • Make sure your home has enough value to get the
    returns you want when you eventually sell the
    property.

8
Contact Us
  • Suite 703, 481 university avenue
  • Toronto, ON,
  • M5G 2E9
  • Phone no. 18775524725
  • Email id we_at_circlapp.ca

_at_meetcirclapp www.facebook.com/meetcirclapp
www.youtube.com/meetcirclapp
http//circlapp.com/
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