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What Issues Should I Consider When Owning A Rental Property?

Category:
Assets and Investment Planning
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Interactive Checklist Created with Sketch.

Updated 12/1/2023

Many people like rental income because it seems passive and simple, until it isn’t so passive … or simple!

Using this checklist, you will help clients understand the challenges and nuances that exist with owning a rental property. Whether it’s landlord responsibilities and managing risk, or investment and tax/estate concerns, you will be prepared to lead a thoughtful discussion on this complex topic.

This checklist covers some key issues a client must consider when owning a rental property, such as:

  • The extent of responsibilities a landlord may be subject to.
  • The increased and varied risks of owning a rental property.
  • The multitude of tax factors that come into play when owning a rental property.
  • The impact owning a rental property may have on their estate.
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