The rental property is a very good way to make passive income if you are interested in creating a passive income source.
Generating passive income through rental properties
- Thread starter Johnson2468
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I know a friend who is into this type of investment and he is making reasonable money.
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- #27
Rental service is a very good way to generate passive income. Before it can start generating good amount of money you need to put a lot of things in place like marketing
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- #29
I like making money in this kind of way because you really don't need to do much to start making money, the main thing you need is the money to buy the property and the right person to manage it if you can't
I have plans but don't have so much money to start earning like that
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- #31
If you are yet to have the money to go into the kind of investment that you want, you can look for extra ways to make money aside your normal daily job
I am doing my best to earn more and plan in a better way to expand and have rental properties as my passive income
I join you with this sentiment. I do wish that I can able to do this in the future. One of my aunts has this business and she earns money passively. I can feel that she is so contented with this matter.
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- #35
I am doing my best everyday to be able to acquire a property which I can put out for rent. Because it's a really good way to make money without stress
Even though it seems simple, my experience is that before renting a property we have to repair damaged properties and often cost a lot of money, I have never used the services of a property manager, it's better word of mouth or I put up announcements in coffee shops, and if there are tenants then I only need to give to coffee shop owners or people who bring tenants.
If you have a regular income source and also have access to credit facilities, you can buy a property through a bank loan, you can rent out your property and use your rental income to pay back your loan installments.
It is a funny thing that my aunt and I were talking about this. I was thinking how to do this kind of business soon. I am with you that it will be a good business.
One thing about rental properties is that you just have to do periodic maintenance to keep on making money. And that maintenance would not even be from your pocket.
Real estate business is a lucrative opportunity in order to make money. There are a few real estate agents who tend to make good money in then end. You could work as a estate agent in this field.