There are endless ways to invest your money, but rental property appears to be a favourite of many seeking to put their cash to good use. Hamptons International estimates that there were 2.66 million landlords across Britain in 2019. Although owning a rental property can be very financially rewarding, it is best to know its pros and cons to determine whether it is best for you. Here are some perks of owning a rental property that may make it your ideal investment vehicle.

1. You are in charge
   Nearly 74% of UK employees surveyed in a study by the ILM revealed that they desired more freedom in their roles. If you also desire more flexibility in your life, owning a rental property might be ideal. As a rental property owner, you can decide what property to invest in, which tenants to rent to, how much rent you will charge, and how to manage and maintain the property. Of course, you may sometimes need to address your tenant’s inquiries, but you can even hire the best property managers to handle this. Investing in rental property puts you fully in charge of your money, compared to other investments like stocks or mutual funds, where someone else manages and controls your cash.
2. Diversification
   Rental properties might also be worth acquiring if you wish to diversify your investment portfolio. Therefore, if you already own bonds, stocks, exchange-traded funds, and other investments, consider investing in rental property to avoid putting your eggs in one basket. A rental property is one of the best investments you can make to hedge against a downturn, and you can readily sell off your assets anytime you deem fit.
3. Great cash flow
   Rental property is also a great investment because money will continue flowing into your bank account every month. As such, you will be earning money from the comfort of your home without waking up each morning to go to work. Your rental property’s cash flow can easily help you ensure financial security before retirement or simply have more money in the bank. However, it would be best to invest or build an apartment complex as your rental investment to enjoy the true benefits of cash flow. This reality is because the more tenants you have, the more money you rake in every month.
4. High appreciation
   Rental property owners can hang on to their buildings for high appreciation since the real estate properties increase in value over time. Under ideal circumstances, you will be able to put your property back on the market and make significant profits from it five, ten, or twenty years from when you purchased or built it. You may not necessarily invest in a rental property with a hold-and-sell strategy in mind from the beginning. However, having this sound exit strategy as a viable option will offer you more peace of mind and security throughout your ownership period. This way, you can always sell at the right time to enjoy the most profits possible