Higher
interest rates and inflation look like they are here to stay, at least for the
short to medium term.
Like
previous cycles though, this too shall pass.
You must
first come to terms with and accept this reality, before finding a way to get
through to the other side.
There is no
doubt, the costs of holding property will rise and many will choose to sell.
But if you
are holding an investment-grade property, selling up would be a big
mistake as it could delay or even cost you your financial independence.
Successful
investors realise that it is time in the market that is most
important.
The more
time (preferably decades) in the market, the more your property can compound
and increase to greater levels of wealth.
Other than
simply selling your property there are other options you should consider.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 19 July 2023
