It is investing in residential properties like condominiums, townhouses, an office unit, or an apartment with the purposes of renting it out and generates steady monthly rental paychecks. It is similar to buying dividend-paying stocks or bonds that pay interest income.
When investing in a property, location is the most important. The location will determine the sustainability of your rental income, as well as your ability to negotiate for a higher monthly rent. Make sure it is accessible to the basic needs of your tenants like supermarkets, banks, schools, restaurants, malls, hospitals, public transportation, or even a beach. A location near an airport is also good because when tourists are coming and looking for a place to stay, it will make it more convenient for them.
But first, these are the things you should reconsider before investing on a residential property.
