Are you having trouble selling your house? Are you having trouble finding renters? Don’t worry…things may be turning around soon. I’m clearly not an economic forecaster, but I do pay attention to what is happening. Based on a broad range of factors, I would say there is a substantial chance of inflation soon. .
Now, inflation can sound scary and has a pretty bad reputation. Typically, when people think about inflation, they only think about the prices of everyday items increasing. However, if you are a property owner, inflation may work to your advantage.
During inflation, interest rates will increase, property values increase, and rents rise. I know many business people, who have been able to pay off their mortgages and become debt free thanks to inflation.
Here are just a couple of the potential benefits:
Our experienced investment property management team can relieve you of the burden of managing your rental property while saving you some serious money! Call us today at (440) 220-7300 to see how we can help you!