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The cost of building construction for this purpose is so big, in millions. It is hard for me to achieve. How I like the price low but it is not anymore happening this time. Properties are getting pricy.
As a property owner, rental income is a very good passive income business. This is because people who do not have money to build their own properties end up renting them.
If you have a building or a land property that is dormant, why not hire someone to rent it so that you can have a passive income? it is good to have a passive income. You will not struggle to find money but money finds for you through the rent.
In my country the rental income is the most passive income way that is more profit guaranteed and reliable. This is because there is a large demand for housing in my country thus making it a hotcake.
Rental business is a lifetime passive income as long as the building being renovated and is always in good condition and of course, it must be all the time checked for renovation and repair in case damages are found. Maintenance of the building is required for it to thrive and sustain.
Rentals has always been a very good source of passive income. It would not come everyday but it hits when it comes if you are renting out something significant like decor tools and event tools.
It does feels great to have sources to earn passive income and makes you feel financial independent and makes you not depend on a single source of income
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