Real estate has long been one of the most reliable ways to build wealth—and owning a rental property is a strategy that continues to stand the test of time. Whether you want to create an additional income stream, diversify your investment portfolio, or prepare for retirement, rental real estate offers unique opportunities that few other investments can match. Of course, success doesn’t happen overnight. Like any investment, rental property ownership requires preparation, knowledge, and smart management. Let’s break down the benefits, what to expect, and how you can set yourself up for success.

Remodeling your home can make it more comfortable, more functional, and—if done right—more valuable when it’s time to sell. But not every upgrade is created equal. Some renovations deliver an impressive return on investment (ROI), while others may cost more than they’re worth in resale value.