Saturday, April 10, 2010

Tips: Turning Anxiety to Asset

Don’t let anxieties keep you from gaining assets. At first intimidated by the prospect, Marea Taylor quickly found her concerns were quickly answered. For instance:

What if I can’t pay my mortgage?
If the unit is rented and money is managed well, you will always cover your mortgage payment-plus.

What if I can’t rent my unit?
In 10 years Marea has never had a vacancy.

What if my tenants have problems?
On average over the past decade, Marea responds to 4-5 tenant issues per year – at a cost of $2000 to $3000 per year. Not bad considering the benefits.