Augusta
VIP Contributor
When you invest in real estate as a source of passive income, you need to understand some limitations and try to prevent them from coming your way. But the thing is that these are manmade issues or mistakes that might be created by you.
There are mistakes you need to avoid when you buy a property to make money off it as passive income. So what are the mistakes to avoid
Avoid non productive location
if you are buying a property for money making especially for passive income. You need a location that people are willing to pay good money for it.
Avoid the mistake of not screening tenants
Don't just hand your property to any body to use . Try to screen your tenants to know a bit of their character and if they can easily pay their rent.
Not being in contact with tenants
This is another mistake to avoid. Even if you have your legal team still try to be in contact with your tenants
What do you think?
There are mistakes you need to avoid when you buy a property to make money off it as passive income. So what are the mistakes to avoid
Avoid non productive location
if you are buying a property for money making especially for passive income. You need a location that people are willing to pay good money for it.
Avoid the mistake of not screening tenants
Don't just hand your property to any body to use . Try to screen your tenants to know a bit of their character and if they can easily pay their rent.
Not being in contact with tenants
This is another mistake to avoid. Even if you have your legal team still try to be in contact with your tenants
What do you think?