Things to consider before using rental business as a passive income

[Johnson2468]

After you have gotta the skills or knowledge needed for a business and you have seen a way to fund it. The next thing that is very important is location

 

[Chibson]

After you have gotta the skills or knowledge needed for a business and you have seen a way to fund it. The next thing that is very important is location

Rental business don't need a lot of skills in my perspective. What you need is knowledge and money to venture into the business.

 

[Rubz]

I believe the most important thing to consider before using rental business as a passive income source is that some of the tenants might not be willing to pay their rent or might delay in paying their rent.

 

[SHAHID987]

My personal experience was very good, regarding rental business, I purchased an apartment and given it on rent. Almost it remain 4 years on rent, in this duration two tenant live there both of them were good and giving rent on time.

 

[freelancermaria]

Rental business is one of the business ideas I want to consider in the future. If you are interested, too, you must do market research. You must consider the budget, marketing, and other aspects, as well.

 

[Starmix]

Just do your best, and find real renters so your building will always have income. It must be week kept to attract people to rent the entire building or a space only..

 

[IB D]

All of these bottle necks with payments of rents should be addressed in the tenancy agreement. As for demand for your real estate property, I don't bother about that because there would be demand sooner or later.