2277: [Part 1] Rental Properties Pros and Cons by Andy Hill

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 April 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andy Hill of Marriage Kids And Money shares the pros and cons of rental properties. This is part 1 of 2. Episode 2277: [Part 1] Rental Properties Pros and Cons by Andy Hill Andy Hill is a husband and father to two awesome (and crazy) kids and they hail from the great state of Michigan. His goal is to give his family the best life possible and strengthen their family tree for generations to come. In 2016, he got so geeked about this topic of young family finance that he decided to start a blog and podcast about it. It began as a hobby and then morphed into a fun side hustle when people started to enjoy the information he was sharing. Fast forward to today, he’s left his corporate event marketing career behind and is now a full-time blogger and podcaster who has been featured in major media outlets like CNBC, Kiplinger’s Personal Finance and NBC News The original post is located here: https://marriagekidsandmoney.com/rental-properties-pros-and-cons Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2277, rental properties, pros and cons, Part 1,
0:08.2	by Andy Hill of MarriageKidsAndMoney.com.
0:11.5	And I'm your host and personal finance enthusiast, Diana Merriam, ready to read to you from
0:16.3	another fantastic finance article.
0:19.2	This time we have a longer one though, so what I'll do is split the article up, reading
0:23.4	the first part today and finishing it up tomorrow.
0:26.8	So with that, let's dive right into Part 1 and start optimizing your life.
0:35.6	Rental Properties, Pros and Cons, Part 1, by Andy Hill of MarriageKidsAndMoney.com
0:43.2	At some point in your money journey, you've probably heard someone excitedly share all the
0:47.8	benefits that come from real estate.
0:50.1	And you've probably found yourself wondering what's the truth about owning rental property.
0:55.1	That's why we tap the team of real estate experts to learn more about rental property,
0:59.2	pros and cons.
1:00.8	Plus, we'll share our personal favorite way to invest in real estate, so you don't have
1:05.0	to worry about the majority of common real estate drawbacks.
1:09.8	What are rental properties?
1:12.5	Before you can weigh the pros and cons of rental properties, it's important to be clear
1:16.4	on the definition of what a rental property is.
1:20.1	A property is a rental property, if an investor purchased the home, tenants other than the
1:26.4	investor living the home, and a lease or other rental agreement outlines this arrangement.
1:32.7	If a city or town zones a property as residential, it can be lived in.
1:37.5	That means that they are supposed to be occupied by individuals or families, not commercial
	...

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