Retirees are Turning Their Homes into Investment Properties

Knox retiree investment property. Here’s why

If retirement is right around the corner, congratulations! You’ve reached a prominent milestone that people wait for their entire lives. With relaxation, family time, and hobbies galore, this is as good as it gets – but depending on how you play your cards, it could get even better. 

Navigating your retirement isn’t something to take lightly. Being strategic as you make the transition can build a better future as you move forward into this golden period of your career. 

Downsizing your current living situation is a common step people take as they embark on their new journey – and it makes sense to do this. The kids are out of the house (and likely have kids of their own), a smaller place is easier to care for, and you’ll have more freedom in your day-to-day life. Most people approach downsizing by selling their current home and then renting a new, smaller one. 

But, you might want to think twice before you move forward with that sale. Even though selling your home is the baseline norm for many retirees, Knox Financial offers an innovative solution that puts your previous home to work for you. 

If you’re ready to retire, wouldn’t it be nice to have some passive income to help you fund your new lifestyle? A great way to achieve your wealth goals at this stage is to convert your property into an income-producing investment. 

Knox is changing how retiring downsizers build wealth by transforming your home into a market-beating, effortless source of passive income. The entire process is safe, frictionless, and full of tangible benefits to support your new lifestyle. Let’s take a look at some of the perks for retirees: 

Fund Your Retirement with Passive Income

Selling your home sounds like a great idea at first. You’ll be able to walk away from the sale with a large sum of money that can help you fund your move, making it easier and more affordable to downsize your living situation. 

But, the experts at Knox warn homeowners not to take these benefits at mere face value. 

Realistically, selling a home is never that cut and dry. The reality of the situation is that, like any real estate transaction, it’s expensive, time-consuming, and stressful. The profits you’re hoping for often dwindle away to agent fees, property preparation expenses, and other costs… not to mention the potential legal ramifications if something isn’t done correctly. 

When you choose to keep your home, you’re avoiding all the trouble you would incur by selling and get to reap the long term benefits of a passive stream. When you manage your rental property with Knox, you won’t have to lift a finger, and the rent-generated wealth floods into your bank accounts consistently and reliably. This is an easy and stress-free way to fund your retirement and sustain the life you’ve always dreamed about. 

If all goes well, a successful sale will provide you with a large sum of money, but it pales in comparison to the continual profits generated by renting out your home with Knox. 

Seamless, Frictionless, and Streamlined

If you’ve ever done research regarding traditional income property ownership, you might’ve been thwarted by the potential downsides. Managing an income property isn’t easy – you’ll need to invest a good amount of work, time, and effort. 

Even if you choose to hire a management company to alleviate some of the burdens, you’re not completely averting the hassle. Finding the right property management provider requires due diligence. You’ll still be in charge of whatever they don’t cover, and the service racks up a substantial bill that significantly cuts into the profits you’re generating.

Fortunately, Knox reimagines income property ownership by taking care of everything at an unbeatable price – no tricks or gimmicks. As the owner, you won’t need to worry about a thing. All this and more is why Knox upends traditional income property management.

Effortlessly Build Long Term Wealth – and Pass It On

When you sell your home, you may walk away with a large sum of money, but it can never make up for the asset you’ve just let go of. Whether you’re living there or renting it out, real estate is a priceless asset that can last for generations. 

When you choose to keep your home and convert it into a rental property with Knox, you still retain ownership. This means that you can pass the home on to your children – setting them up for success, too. Knox Financial helps you build wealth that lasts for generations, not just one moment. 

When you work with Knox, your home can become a source of steady income that can maintain your lifestyle and build wealth while you kick back and relax. Above all, we make owning an income rental property easier than ever before. If you’re ready to learn more about how Knox can help you, visit our website