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Episode Info: Click below to listen to Episode 82 – Are Rental Homes a Good Investment? Are Rental Homes a Good Investment? Learn about the top 10 risks associated with rental property income. More episodes >> What’s the other side of the story to all of those remodeling shows? You see the happy couple working hard to update a property for a vacation rental home in order to make a little bit of extra income. Sure, there are benefits to flipping a house or property for rental, but you never hear about the downsides. Have you ever thought about why there are always hundreds of vacation property resales in the most beautiful vacation spots? People like the idea of having rental property as investment income because it’s a tangible asset that you can see, feel, and walk around. However, many times, the risks far outweigh the benefits, especially if you are looking at rental property as a form of passive income. Instead of a rental property making money for you, you can actually end up losing money. There are many risks associated with rental property income, and Bob covers the top 10 risks of vacation rentals and home rentals in this episode: Maintenance and Repair Risk Renter Risk Income Risk Liquidity Risk Tax Risk Location Risk Time Risk Market Risk Weather RiskLongevity Risk GUEST: Bailey TheakerHOSTED BY: Bob Barber, CWS®, CKA® Mentioned In This Episode CIS Wealth Management Group WebsiteFacebookTumblrLinkedin Bob Barber, CWS®, CKA® WebsiteLinkedin Bailey Theaker Website Want to ask Bob a question about your specific situation? Schedule a complimentary 15 minute phone call. SCHEDULE AN APPOINTMENT Did you enjoy this episode? Sign up for email updates and never miss an episode. Email NameThis field is for validation purposes and should be left unchanged. EPISODE TRANSCRIPT [INTRODUCTION] Welcome to “Christian Financial Perspectives”, where you’re invited to gain insight, wisdom and knowledge about how Christians integrate their faith, life and finances with a Biblical Worldview. Here’s your host Christian Investment Advisor, Financial Planner, and Coach, Bob Barber. Bob: Welcome to today’s podcast where we’re going to be talking about rental homes, and is that a good investment? And it really depends on a lot of factors. One of the things is, with all the TV programs, I know in my family, we have HGTV showing constantly. My wife loves it, or the DIY Network. And we see all the beach, front properties, and we love watching these and it gives us ideas. But one of the things that you’re always hearing is the ...
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