Which of the following is an advantage of managing rental properties?

Managing rental properties offers many advantages, one of which is the potential for increased rental income. As a property manager or owner, you can influence the rental rates based on market conditions, property improvements, and tenant retention strategies. If you effectively manage the property, enhance its appeal, and entrench good relationships with tenants, you may be able to raise rents or reduce vacancy rates over time. This not only increases cash flow but can also lead to a more stable investment over the long run.

The other options do not reflect realistic advantages of property management. Financial responsibilities, such as maintenance costs and mortgage payments, are inherent in managing properties. Tenant acquisition can vary in difficulty based on market conditions and property appeal; while it can be streamlined, it isn't necessarily easy. Additionally, property values typically appreciate over a longer period rather than instantly, and this appreciation is not guaranteed. Therefore, the potential for increased rental income stands out as a tangible and strategic benefit of managing rental properties.