For many business owners in Arizona, the idea of choosing investment property has been gaining popularity quite rapidly. Why? Because when handled well, an investment property can provide unequalled profits, while also giving the business owner total carte blanche over how the asset is handled and the “end goal” expectations.
At Southwest Mountain Realty, we’ve assisted and guided countless business owners in optimizing their investment properties, leading to exemplary profit and success! It is always our greatest wish to ensure you’re getting the most out of your efforts and investments and our services were tailor-made to provide the greatest freedom and comfort possible for property investors.
What Is an Investment Property?
In a bare bones explanation, investment property is any property purchased by a business owner, independent or otherwise, that is procured for the sole purpose of gaining profit or income. Profits can be pursued through either renting to tenants, subletting, or purchase with the intention of resale (flipping).
Renting is the most common and potentially lucrative and is generally considered the safest of methods to gain income on investment properties. Flipping has become more common in recent years, but is inherently much riskier.
Benefits of Income Property Investment
So what makes investment in income properties so attractive? Well, they provide a number of interesting benefits unique to the particular type of investment, including:
- Freedom. As we mentioned before, income property gives you a fantastic level of freedom as far as assets are concerned. You hand pick your property, decide specifically your rent requirements, and have the opportunity to manage all aspects of the property according to your personal ideas and tastes.
- Dependable income. By maximizing and retaining quality tenants, you can generate an exceptionally stable monthly income according to your aspirations. Many property owners pursue anywhere from a single property, all the way to a hundred or more! It’s all about how you choose to grow. Provided it’s managed well, the sky’s the limit on your investment returns.
- Safe investing. Many investments are generally considered high-risk and potentially carry a lot of harm to the investor. With income properties, this is simply not the case at all! A property investor can anticipate a complete return on their investment at the very least and much of the time see considerable growth.
- Annual tax benefits. As a property owner, you are eligible for a myriad of exceptional tax benefits including deductibles on interest, depreciation, repair, and even potentially travel.
Why Enlist a Property Management Company?
You may have noticed a little stipulation throughout this article. We make a lot of mention of “if managed well” and similar statements. Do we feel like you’re incapable of managing your business? Not at all! It all comes down to one, all-important factor. Time.
While investment property is an excellent and effective source of income, the predominant factor that turns many investors away is the amount of time needed to guarantee continued success. To get the most out of your properties, you need to ensure that all aspects of your property is handled effectively.
This means attaining and retaining tenants, handling repair and upkeep, as well as money handling. It can become quite overwhelming! And getting overwhelmed means a slowing of your financial progress and growth. Put simply, a seasoned and superior property management team can help you build a greater business, and one that is guaranteed to see massive returns on your investment!
Property Management Professionals in Queen Creek, AZ
Located in Queen Creek? How about Mesa? Or maybe you’re located in San Tran Valley? No problem! No matter your location in the Phoenix metro area, Southwest Mountain Realty is the property management company you can depend on. Whether you need residential, multi-family, or commercial property management, we’re the company your Arizona neighbors have trusted for more than 20 years.
Please contact us online or call us as 480-237-9979 for a free information packet. We look forward to hearing from you!