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Owning rental properties looks fantastic on paper and somehow is a very desirable state of affairs for admittedly, its benefits are numerous. Starting with the very basic human motivations, people like owning an asset like real estate. Stocks, shares, debentures aside, property is something very, very tangible and easy to view and show off to friends. Secondly, this piece of property generates income without you having to work for it. You just have to find a tenant to rent it out to and the property begins generating monthly rental income all on its own. Properties also tend to have a lot of tax advantages for till the point all your primary expenses are paid off, you basically own the property tax free even though it is generating an income for you. Finally, most properties nicely appreciate in value over time as real estate tends to do. Put all these advantages together and owning rental properties begins to look more attractive than ever.