Owning a rental property can be a great long term strategy for building wealth...

[1]  Real estate values generally increase over time, increasing the value of your rental property.

[2]  A tenant pays down the mortgage for you.

[3]  Rental rate typically continue to increase over time, but a mortgage payment often stays primarily level beyond adjustments in taxes and insurance costs.

But... at some point, you may decide you want to reallocate your investments into something that is even more passive than owning real estate.

Many months (or years) of owning a rental property may just involve collecting rent checks... but your time, energy and money might also be spent on...

[1]  Property improvements between tenants.

[2]  Seeking new tenants and paying a mortgage during any vacancy between tenants.

[3]  Keeping up with exterior property maintenance such as replacing a roof, replacing a deck, updating landscaping and power washing.

[4]  Updating systems such as a new heat pump, new water heater, new appliances and more.

So, if a tenant moves out of your rental property in 2025, will you rent it again, or will you sell it?

Let me know if you'd like to chat about the advantages of going one direction or the other based on your overall financial situation, goals and objectives.