moonchild
VIP Contributor
Rentals business is a very lucrative business with a very high barrier of entry, to start a rental company you need to have a lot of capital at your disposal, the moment this is checked you can actually build a rental businesses passively.
When it comes to units rentals it mustn't be apartments, it can be a shopping complex in a busy area or unit of storage in a market, these things really move fast.
To get started you have to find a very suitable location, proximity is very important, it is one of the most important indicators for success when it comes to real estate, so you can't just not get it right.
Build strong structures, when it comes to rentals, most realtors just do the basics and don't actually worry about the quality of their work, there have been a case of collapses in my country recently and this is as a result of sub standard work.
Maintenance plans should be signed, some tenants are bad and there is no way to put it, but if you have plans for financing damages, it can help in mitigating such losses.
Unit rentals can serve as a good way to generate passive income over a long period of time, competition is generally scarce due to high barrier of entry.
When it comes to units rentals it mustn't be apartments, it can be a shopping complex in a busy area or unit of storage in a market, these things really move fast.
To get started you have to find a very suitable location, proximity is very important, it is one of the most important indicators for success when it comes to real estate, so you can't just not get it right.
Build strong structures, when it comes to rentals, most realtors just do the basics and don't actually worry about the quality of their work, there have been a case of collapses in my country recently and this is as a result of sub standard work.
Maintenance plans should be signed, some tenants are bad and there is no way to put it, but if you have plans for financing damages, it can help in mitigating such losses.
Unit rentals can serve as a good way to generate passive income over a long period of time, competition is generally scarce due to high barrier of entry.
