3 Reasons Why You Should Rent Out Your Property in Houston (Or Anywhere!)

If youre thinking about renting out your property, Houston, Texas is a great place to do it. There are many potential renters looking for properties in Houston, and the market is booming. With this crazy market, more and more families and young business people are looking to rent. Renting your house as a long term or short term rental can help build your future and create GENERATIONAL WEALTH. Here are three reasons why you should consider renting out your property in Houston:

1. Cash flow - Houston is a great market for cash flow. The longer you hold onto your property, the more it will appreciate. You should definitely consider the market rents in your area in comparison to your monthly mortgage payment. Make sure you connect with a great property manager or a Real Estate Agent, who can help you analyze how much your property will rent for and some expenses that come along with that. Depending on the amount of rooms, the amenities, and the location, you could be paying off your mortgage with the rent and profit some more!

2. Appreciation - Houstons real estate market has been appreciating at a rate of 2-3% per year. So, the longer you hold onto your property, the more it will be worth. So, do not sell right now.. rent it out, make some money, and in 5-10 years, your house may be worth even more! Your Real Estate agent can help find out what your house is worth.

3. Tax benefits - You may be able to receive tax benefits for owning a rental property in Houston. Consult with your tax advisor and see if you can write off your interest, maintenance, and repairs on your rental property!

Hello! I'm Jay Thomas, a REALTOR in Houston, Texas. Chances are you and I share a similar passion, Real Estate! I also have a passion for building businesses, working out, inspiring others, technology, sports, and people. Connect with me on Facebook and Instagram!