Intangible Landlord Benefits

In addition to providing financial security, there are many landlord benefits that are considered "intangible". Unlike owning a passive stock certificate or mutual fund, the landlord business requires your active participation which allows you to grow along with the business. This includes receiving the following intangible, or nonmaterial benefits…

• Personal Growth- Because the landlord business touches upon many different subjects, your knowledge and personal growth will be broadened over time as you gain exposure to the business. And learning new subjects provides a great benefit for staying motivated and energized.
• Pride of Ownership- It's certainly a great feeling to drive past your property and know that you're the proud owner of it. This is one of the intangible rewards for hard work, diligence and sacrifice.
• Personal Satisfaction / Sense of Accomplishment- Building an investment property business from the ground up and watching it grow provides a great sense of personal satisfaction that is very hard to duplicate. Your sense of accomplishment will be truly genuine and will be a direct result of your own efforts and dedication. You'll be the one to get credit for hitting a home run, not someone else.
• Positive Impact on Quality of Life- By providing safe and comfortable housing, the quality of life for your tenants is certainly improved. In addition, other neighboring rental properties will receive a positive influence as a direct by-product of your well-maintained property.
• Active Lifestyle- With a rental property business, you have the benefit of being as physically active as you'd like as far as maintaining the property is concerned. From yard maintenance to climbing up and down ladders, the physical activity will keep the pounds off and improve your overall health. Routine physical work (within limits) can certainly slow down the hands of time.

So, those are some of the intangible benefits of being a landlord. When combined with the financial benefits, the opportunity for growth and development is unsurpassed.

For more in-depth information about numerous landlord benefits, please visit The Landlord's Library book collection. It's a terrific, one-stop source for practical, comprehensive information on the entire subject of residential landlording.

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