Investing can mean a multitude of things to someone and comes in all shapes and sizes. Some individuals invest in stocks based on their perceptions of a company and the business they are doing. Others have recently jumped on the latest cryptocurrency craze, riding Bitcoin to incredible success. The word investing wears many hats and there are hundreds and thousands of ways to invest your money. One of the most proven, long-term investments that exists is real estate investment.  We regularly work with real estate investors here at Stone Oak and have heard a multitude of reasons for getting into the industry. What makes investing in real estate so beneficial?

Tax Benefits

Investing in real estate continues to be one of the ideal ways to generate wealth and cut taxes. As an investor, you’ve probably mastered tax season by now. If not, it’s not too late to learn. Real Estate offers many benefits to those who can play the system. 

You have the ability to recover the cost of income generating property through its depreciation, using 1031 exchanges t...

For those who don’t, owning a rental property can seem like this great asset that’s going to bring you residual income month-in, month-out. However, for those who do own rental properties, you know this isn’t the truth. Rental properties are more in a category of their own when it comes to types of investments. You’re not only dealing with an asset that you purchased for X and expect Y as a return, but instead you’re dealing with an asset closely tied into others lives as their home. We don’t blame you if you’re in it for the money - a rental portfolio is still a great way to build wealth – but never forget that to your tenants your investment is home.

So, you’ve decided you’d like to start building your rental portfolio. The first step is getting that first property. Then what? Our Austin property management team has thrown together these 6 tips for owning your first, stress-free rental property.

Hire a Property Manager

Of course we’re biased; we’re a property management company after all. There is no denying the return on investment a great property manager can bring to an owner. Effectively putting your i...