Email Dave Email
Residential Real Estate
Sep 1, 2019

The Perks of Owning — and Keeping — Investment Properties

Sponsored Content provided by Dave Sweyer - Owner and Broker, Sweyer Property Management

Owning rental property can oftentimes prove to be one of the soundest investments you make. Real estate has for years been considered a more reliable investment than other types of investments like stocks because the value of your property is going to steadily increase over time — even in times of recession, the housing market has always proven to rebound in some capacity.
 
Though the housing market certainly has its ups and downs, the rate of return on real estate has averaged at about 7 percent nationally over the past century and a half. This is according to “The Rate of Return on Everything”, a massive study paper published in March 2019 that examined rates of return in 16 countries from 1870-2015. Of course, markets vary depending on several factors, but the Cape Fear region has proven time and again to be an excellent place to own investment property — especially in recent years.

Rental property values in the greater Wilmington area have really taken off over the past several years. Occupancy rates are at an all-time high, reporting at close to 97 percent in the first quarter of 2019. When we see this high demand for rental homes, properties can command higher rental rates and will spend much less time vacant between tenants. With the area population growing at one of the fastest rates in the nation, this trend is only going to continue.
  
Rental rates also typically increase about 3-5 percent annually, making rental property one of the few investments that will appreciate and provide owners a steady stream of often-increasing income.
  
One of the many benefits investment property owners can usually count on is tax advantages — a number of costs associated with owning rental property are tax deductible. Things like repairs, utilities while a property is vacant and professional fees (think attorneys, property managers, etc.) are all considered tax deductible.
 
Upgrades and renovations can also be considered tax deductible while a property is being used as a rental investment whereas they cannot while a property is vacant. Making some improvements to your investment property while it is being rented can be a great way to increase its value and help keep a little money in your pocket come tax time. Though you always want to consult with a tax professional before banking on specific deductions, rental property owners typically have some enticing ones available to them.
 
Another reason that the reluctant landlord may change his or her mind about renting out their home is a sudden move or change in life situation. If you've been relocated for a job or have to leave the area to handle a family issue but plan on returning, renting out your home is a great way to not only bring in some extra cash but ensure that your investment is cared for in your absence.
 
Having a professional property manager on your side can make owning rental property a relatively stress-free, hands-off investment. Not only do you have someone dealing with the day-to-day operations of the property, but you have the peace of mind knowing someone is looking out for your best interest whether you live across the country or across the street from your investment home.

Sweyer Property Management has been providing first-class real estate property management services and long-term rentals to Wilmington and surrounding areas since 1987. The company continues to be an industry leader, managing thousands of units in New Hanover, Brunswick, Pender and Onslow Counties. The properties we offer include single-family homes, condominiums, townhomes and apartments in a variety of communities ranging from historic downtown and golf course to beach homes and traditional neighborhoods.

Sweyer Property Management has exhibited continuous growth throughout the Wilmington, Leland and Hampstead areas while maintaining an excellent Google+ rating for customer service. To inquire about the company’s full-service management services or to take a tour of homes for rent in the area, visit them online at WilmingtonForRent.com
 
Please Like and Follow the Sweyer Property Management Facebook, Instagram and LinkedIn Pages for property management tips and to see properties available for rent.

Other Posts from Dave Sweyer

Sweyer animated 300x250 ad
Ico insights

INSIGHTS

SPONSORS' CONTENT
Hewet60

Who’s Preparing to Lead?

Ron Hewett - Academy Leadership
Img 1576c1

What’s Next for Equity Investors?

Eddie Nowell - South Atlantic Capital Management Group
Hardy revised

Preparing Future Leaders Through Simulation

Charles Hardy - UNCW College of Health and Human Services

Trending News

Sen. Peterson Files Complaint About Hospital Process Ahead Of Vote

Vicky Janowski - Sep 16, 2019

Rise Southern Biscuits Closes Wilmington Location

Jessica Maurer - Sep 17, 2019

County Commissioners Vote To Explore Hospital Sale

Vicky Janowski - Sep 16, 2019

Credit Union Buys Nearly 9 Acres On South 17th St. In $4.4M Deal

Cece Nunn - Sep 17, 2019

As Interest Grows In Redevelopment Project, County Sets RFQ Meeting

Johanna Cano - Sep 17, 2019

In The Current Issue

A Guide To Local Women's Professional Groups

The number of local groups to help women grow professionally and in the community continues to expand....


Moving Even Closer To Where Patients Are

Now providers are popping up even closer on people’s daily routines – in at least some cases in the local market....


Live Oak Debuts Quarterly Report For Businesses

Wilmington-based Live Oak Bank has launched a quarterly report that will provide analysis of business and economic issues....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

August 26, 2019 Power Breakfast: A Healthy Sale?
WILMA's Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`