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The Benefits of Owning Rental Property
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[QUOTE="King bell, post: 346444, member: 75687"] Having rental property comes with many advantages. Some of these include passive income from rents, the potential appreciation in value over time, tax breaks which allow for deductions on property expenses as well as being able to decide how things are run when it comes to managing properties. This investment may also serve as a steady source of revenue if tenants are reliable and there’s good maintenance done. Furthermore, values can go up significantly especially in places where they’re highly demanded for instance big cities or towns near universities and colleges among others. Tax benefits like depreciation that lowers taxable income too should not be ignored either; in other words having owned rentals brings financial stability into people’s lives while allowing them make choices about their future too! [/QUOTE]
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