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A man showing another man an apartment building.
Photo by Meruyert Gonullu from Pexels.

What to know about investing in rental property

Certified financial planner Dr. James Philpot offers some insights.

February 28, 2022 by Strategic Communication

Rental properties can be a great source of income that appreciates over time. According to data from the Census Bureau, there are about 48.2 million rental units in the United States. Individual investors own about a third of those units, including a large number of single-family and duplex rentals.

Before you dive into rental property investing, there are several items, costs and expenses, such as how much home insurance do you need or if you need renters insurance, to consider.

Dr. James Philpot, certified financial planner and associate professor of finance and general business at Missouri State University, offers some tips and advice for beginner rental property investors on MoneyGeek.

Filed Under: Faculty and Staff Page, In the News Tagged With: College of Business, faculty, James Philpot

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