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Podcast: Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®
Episode: EP 192: The Risks of Owning Rental Properties
Description: Owning a rental property can be a great way to generate passive income and build wealth over time. However, like any investment, there are risks and downsides to consider. In this episode, Nick Hopwood, CFP® and Jim Pilat, CFP® of Peak Wealth Management explore the cons of owning a rental property and how to mitigate them. Nick shares his personal experience of handling multiple rental properties — including a recent home that was left destroyed by the tenants. Watch our YouTube video to view the footage.
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Peak Wealth Management is a financial planning and wealth management firm i...