Is Investing in a Rental Property Truly Passive Income?
Monday, 13 May 2024, 10:18
Considering Rental Property Investment for Retirement?
Thinking about investing in a rental property as part of your retirement income strategy? You might want to reconsider.
Rental Property Investment: A Deceptive Passive Income Stream
Being a landlord isn't always as passive as it seems. Owning a rental property comes with financial responsibilities, tenant management, property maintenance, and repair costs.
- It may require more work and money than anticipated.
- Repairs and unexpected expenses can add up quickly.
Exploring Truly Passive Income Alternatives
Consider investing in real estate investment trusts (REITs) as a low-maintenance alternative to rental properties.
- REITs offer consistent dividend income without the hassle of property management.
- Explore options like dividend-paying stocks and municipal bonds for a truly passive income stream.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.