One of the greatest ways to build wealth in today’s economy is to own real estate. It’s a solid investment that doesn’t fluctuate like stocks and bonds and can provide a solid return for years to come. Kathy Fettke, Co-Founder and Co-CEO of RealWealth said that “…People always have, and always will, need shelter. This means it is very unlikely that our need for shelter (ie: buying or renting homes) will ever go away.” That need alone creates the biggest cause for why owning long-term rental properties here in Colorado remains a solid way to build wealth. So how can you get started on making your home work for you? It’s easy! Convert your Loveland home into a rental property!
Put Your Loveland Home To Work For You
Did you know that depending on where you live and the salary you earn, your Loveland home may have made more money than you in 2021? That’s based on a Zillow Group report in which the average home value in the US rose just under 20% from 2020 to 2021. That’s an increase of over $52,000 in one year. Compare that to the median salary in 2021 which reports cited at $50,000. Imagine doubling your annual salary just by owning one home! Now add to that the continued appreciation of homes in Colorado’s market and you’re sitting on a literal gold mine!
The Rental Market is on Fire
Sky-high home prices, rising interest rates, and fierce competition create the perfect environment for rental property owners. Many buyers find themselves priced out of the buy and sell market. This leaves renting as their only option for housing. And demand for single-family rental homes has never been higher. This has also increased average rents significantly, creating a hot market for landlords. Rates increased 8-10% from 2020 to 2021 and are projected to increase again in 2022. What better way to build wealth than by renting your home to qualified tenants who pay down your mortgage all while your home value increases each year?
Owning A Rental Is Easy…
When you have the right team on your side, that is. Real Property Management Colorado is the leading expert in managing residential rental property in Loveland and across the Front Range. With over 30 years of experience, our team is ready to go to work for you to maximize your rental property’s potential and make the most of your investment. So why not convert your Loveland home into a rental and put it to work for you? With Real Property Management Colorado managing it for you, it’s as simple as 1…2…3.
1) We’ll work with you to find the best rental rate for your home in the current market environment, starting with our FREE rental analysis.
2) We’ll find qualified tenants to rent your home through our thorough screening process.
And 3) We’ll manage the day-to-day for you so you can focus on building your portfolio at a price that is affordable and valuable.