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Every investor's goal is to build passive income and there is no better way to do so than via rental properties. Financial independence doesn't have to be a dream. In fact, you could realistically collect an extra $2,000 per month via rental real estate. It's not as difficult as you might think.

Imagine investing time and efforts into opening up a new ice cream parlor. Opening day is a success and the cash is rolling in, however you have decided you are only willing to give the business a 25% commitment. After all, it is more work than you had initially planned and your heart is no longer in the ice cream biz.

Depreciation is normally noted for being a negative term, however there are many tax benefits for this otherwise annoying word.

Vacation rental owners are currently experiencing some of the lowest vacancy rates ever and otherwise profitable investments are now becoming liabilities.

Unfortunately, it is not uncommon for bidders to lose deposits when utilizing online auction sites before ever gaining the title to the property. Even more frustrating is when eager-bidding buyers sink dollars into a property they can't rent.

Rental income is often thought of as "passive income" allowing owners opportunities to travel, spend more time with family or, in some cases, cut back on the day job.

It's tax time again and tax planning is a vital component of real estate investing. Every landlord, seasoned or not, has questions. Appropriate tax planning and proper reporting can make or break those rental property profit margins.

Rental property owners utilize all sorts of methods for sifting through rental applications in order to find the perfect tenant. Some landlords elect to go with a gut instinct. Others incorporate personality tests and additional irrelevant information in order to secure a tenant. Some rental property owners even make exceptions to usual lease terms on a case-by-base basis.

You might own the most magnificent, well-maintained rental property the world has ever known. The landscaping is pristine and you present a remarkable product to the rental world. There's just one problem: you still encounter problems with your property as well as the occasional complaint from your tenant.

The term “haggard” comes to mind as you field tenant complaints, chase after monthly rent checks and begrudgingly fulfill your new role as maintenance guru. Date nights, weekly bowling and shaving have come to a ceasing halt as you ponder the last time you slept in. Your bank account is dwindling and you are guzzling Malox at the speed of lightening. Your dog no longer recognizes you and you wonder what in the world you were thinking when you elected to forgo hiring a property management company.