A rental property should be an asset that appreciates over time, unlike other assets that depreciate, such as vehicles. As a landlord, you should be working to maintain or improve your rental property’s value to make it more sustainable and profitable as a long-term investment.
Accomplishing this goal requires continuous involvement and investment in your rental home to keep it functional and attractive to prospective tenants. It is a time-consuming but worthwhile process. Here are some tips landlords should use to keep their rental property’s value increasing: