If You’re A Property Investor, You Are A Small Business Owner

Posted by Simon Dehne on October 12, 2015 in Latest News with No Comments

Houses CalculatorIf you own property from which you receive rental income, you should be thinking of yourself as a small business owner.

That rule doesn’t just apply to property investors who run a large portfolio as a full-time source of income. The scale might be different but it still applies if you’ve just inherited nana’s bungalow and have decided to rent it out instead of selling. You are now a property investor and you need to start thinking in terms of income vs outgoings.

Too many people think of rental, particularly from a single property, as passive income, when in fact it takes more work than a lot of investments. But don’t let that scare you off – all it takes is a little planning.

Read more.

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