Nestled between Hanover, Glen Burnie, Millersville, and Fort Meade, Severn, Maryland, is revered for its convenience to the downtown metropolises of Washington D.C. and Baltimore, as well as the local amenities and thriving industries found within.
While the population is currently around 50,000, steady growth has gripped the area and local real estate investors are taking notice.
4 Reasons Why You Should Own Investment Property
If you haven’t already, now is the time to begin investing in real estate and income-producing properties. While plenty of other opportunities for investing exist – such as stocks, bonds, retirement funds, and savings accounts – few offer the long-term, steady growth that comes with real property.
Here are a few of the general benefits to consider when thinking about taking on an investment property:
- TAX BENEFITS.While nobody likes to talk about taxes, this is a positive tax discussion. Owning investment properties can actually help you reduce the amount you owe the government through write-offs and deductions. In most cases, investment property owners can write off mortgages, insurance, property taxes, legal fees, maintenance-related expenses, and more.
- STEADY APPRECIATION.Few physical assets, outside of precious metals and diamonds, actually appreciate over time. However, real estate and property are among them. In addition to the other benefits you can expect to reap, the steady appreciation over time is an added bonus.
- REGULAR CASH FLOW.While the average person wouldn’t want to invest in rental properties strictly for cash flow, they do often yield monthly dividends. In some cases, you can collect between a few hundred and few thousand dollars from rent. When compared with standard market return rates for stocks and bonds, the ROI of investment properties tends to be exponentially higher.
- DESIRABLE LOCATION.When looking at investment properties in Severn specifically, you get the added benefit of a prime location that’s poised for steady future growth. As a result, you can expect immediate cash flow and long-term appreciation.
The Benefits of Having a Professional Property Management Company
When investing in property in Severn, it’s important to consider the tradeoffs between managing your own property and getting professional assistance.
For the most effective property management in Severn, it is advised that you use a professional company to handle both the large tasks and small details.
A professional property management company can help with tenant screening, application processing, lease agreement drafting, rent collection, ongoing maintenance, and more.
From an investor’s point of view, the major benefit is the ability to own income-producing properties without having to be hands-on. Instead of dealing with phone calls from tenants in the middle of the night, you can rest easy knowing your investment is safe and secure.
Rent collection processes are tighter and more streamlined, tenant turnover is almost always reduced, and properties stay rented longer. The end result is more money in your pocket and less overall risk.
Property Management in Severn: Choose Bay Management Group
When looking for a professional property management company in Severn, choose Bay Management Group. We have years of experience helping a wide range of clients achieve high rates of return on their Severn properties.
Whether you have a single property or dozens, we can help you develop a highly strategic approach that will maximize your investments and deliver the return you need. We do this through state-of-the-art market research, targeted marketing, and efficient tenant screening.