Do you have any older copies of Money magazine, Kiplinger’s or anything like it laying around? If not, take a second to Google the 2020 investment ideas and strategies that were prominent at the beginning of the year.
In a nutshell, the investment world has certainly been rocked by widespread uncertainty and general anxiety at the hands of COVID-19.
So, where do we go from here?
Sure, throwing some dough in Tesla or other high-performing stocks is appealing. But, in many ways, the stock market can be like picking a color or number on a roulette wheel – there can be incredible volatility, much of which is completely out of your control.
That brings us to real estate. Like so many other industries out there, of course our real estate market has been affected by the pandemic.
But the Arlington County real estate market and everything that complements it – spanning high-paying jobs, comparatively low unemployment rates, a top-notch school system and so much more – make it a stable place to invest and manage property.
In addition to our local factors, here are three reasons why owning and managing property continues to be a stellar investment here in 2020:
1) Diversity.
Among savings accounts, stock ownership and so much more, investing and managing real estate equates to a more diversified portfolio. As the old adage goes, you don’t want to throw all your eggs in one basket. By having a real estate component to your portfolio – among other investments – it makes riding the broader highs and lows a bit more stable.
2) You can physically see your property.
Whereas stocks, bonds and all that uber-financial stuff is managed my machines and/or people behind machines, you can visibly see the state of your real estate investment. With that, you can improve and manage your investment with a bit more peace of mind.
3) Sit back and earn.
Real estate can certainly qualify as a form of passive income... so long as it is managed properly. And if/when managing a property becomes too much of a time and energy suck, it’s time to get a trusted property manager on board.
To kick your property management efforts into high-gear, give Arlington Realty Property Management a buzz today at 703-836-2525 or email mypropertymgr@gmail.com.
