Reports reveal that 1/3rd of Americans do not have more than $1,000 saved for retirement. The general recommendation is to have an amount 10 times the final salary to be saved as retirement money. People should really consider different investment approaches and saving strategies to get the right amount of income during retirement.
According to the real estate expert, Jason Harriman, real estate is a powerful sector one can look when planning the retirement portfolio as it gives ample opportunity to earn passive income. Not only a person saves for retirement but also continues earning well after the retirement. One can choose to invest in properties that can be let out on lease. With companies like EZlandlordforms.com, it has never been easier to get state-specific lease agreement forms, rental application forms, or tenant screening services. This will give one rental income on a monthly basis.
Jason Harriman’s company is situated in San Antonio, Texas. And he leads one of the top 1% real estate teams in the country. They have sold more than $100 million in real estate sales. Jason is also the founder of several other companies in the short-term rental, apparel and service industries that generate more than $5M in annual revenue.
And according to him, a property manager can take care of the overall work for the investor so that one need not worry everyday or month to collect the rent. It truly becomes a truly passive, hands-off investment. One needs to pay attention to how the property investment rises in months and years. The rates appreciate at the same or even higher rate when compared to other common retirement assets.
Person who has invested in real estate can choose to reinvest the passive income or use the property to borrow money for some other investment or spending. Property purchase and paying it off is a great way to save for retirement. One can keep adding more real estate to the portfolio as time passes by.
When compared to other assets real estate is a less volatile and more resilient asset so one’s retirement/ investment portfolio is definitely more consistent, reliable in terms of earnings and savings. People get tax benefits too when they own real estate and rental properties. In the times of economic instability a diverse portfolio that collects income from various sources proves to be stable.
You can reach out to Jason Harriman on his website or social media profiles:
Jasonharriman.work
Instagram.com/jasonharriman
Twitter.com/jasonharriman
