Are you looking for an investment opportunity that provides a steady stream of income with the potential for capital appreciation? Investing in owner-occupied rental properties could be the perfect option for you. Owner-occupied rental properties offer several advantages over other types of investments, including tax benefits, higher rents, and more control over your investments. In this blog post, we will look at the different advantages of investing in owner-occupied rental properties so that you can decide if it is right for you.
The primary benefit of investing in owner-occupied rental properties is the tax benefits. When you own a rental property, you are able to deduct certain expenses associated with it such as depreciation, repairs and maintenance, insurance premiums, and loan interest payments. This can help reduce your taxable income and result in significant savings when tax season comes around.
Better Tenants and Higher Rent Potential
Another advantage of owning an owner-occupied rental property is the potential for higher rents. This is because the tenant feels more secure knowing that the landlord actually lives in the house, which can result in increased rent payments. Additionally, when you live on site you can be more attentive to your tenants’ needs and better able to respond to any issues that may arise.
Lastly, when you own an owner-occupied rental property you have more control over your investment. This means that you can make decisions about renovations and repairs yourself, as well as choose the tenants who rent from you. With so much control, you can maximize your income potential and ensure the safety of your investment.
In conclusion, investing in owner-occupied rental properties can be a great way to generate income and potentially appreciate your capital. With tax benefits, higher rents, and more control over your investment, it may just be the right option for you. Porter Capital Group offers a variety of funding solutions for owner-occupied rental properties. Contact our team today to get the financing you need.