Real Estate Rental: Unlocking the Secrets to Generate Long-Term Passive Income with Real Estate Rental: Real Estate Revolution, #2
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About this ebook
Would you like to have a new passive income stream that makes money while you sleep?
Real estate is one of the most popular investment options all over the world and it is easy to see why.
It has become increasingly difficult to find investment vehicles that give back big returns with very low risk.
This guide aims at taking most of the guesswork out of real estate rental.
You don't have to be a financial expert and it doesn't matter if you're a first-time investor. Armed with the right knowledge, real estate investing can be very approachable and enjoyable.
In real estate, long-term, steady income streams are a possibility for those that know how to make the right choices.
Here's some of what you can expect to learn inside the pages of this book:
-Discover exactly which are the common mistakes make first-time real estate investors quit the game fairly quickly.
-How to choose the right tenants that will provide you with the most long-term income and will treat your property with the same care as you.
-Learn how to make an investment plan and easily assess how much you should be spending.
-How to avoid potential issues that could end up costing you a fortune once your new tenants have moved in.
-The best ways on how to properly set everything up.
Other than following the advice inside this guide, no previous skill or specific knowledge is required to start with real estate rental.
Many investment options are extremely volatile and unreliable. This is where real rental truly stands out from the rest.
Are you ready to generate stable and steady income streams that will probably outlive you?
It's time to jump onboard one of the greatest passive income generating opportunities available. Start by scrolling up and clicking the BUY NOW button at the top of this page!
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Book preview
Real Estate Rental - Liam S. Parker
Introduction
I want to thank you and congratulate you for downloading the book "Real Estate Rental: Unlocking the Secrets to Generate Long-Term Passive Income with Real Estate Rental".
This book contains proven steps and strategies on how to set up and operate a real estate rental business.
Making money by renting out residential or commercial space is not only possible; but done correctly it can also be significantly rewarding and liberating. And although you have to exert a lot of effort at first to get your real estate rental business off the ground, you can enjoy continuous income later on while limiting your active participation in the daily operations, especially if you have expanded to the point that you can delegate some of the work.
Please note that, unless otherwise stated, the entirety of this book will feature helpful information and tips that will apply to all types of rental property (e.g. single-family home, duplex, townhouse, high-rise condominium unit). This book also presupposes that you have already acquired a particular property and so your next course of action is finding out how to generate and maximize return on your investment. Furthermore, the information featured in this book is meant to be applicable even in other countries, hence the use of more generic terms instead of those that apply specifically to properties in the United States.
Regardless of your preferences with regard to property types, you are sure to find in this book helpful information that will enable you to generate passive income from real estate rental, even to the point that it could become your main source of income.
Thanks again for downloading this book! I hope you enjoy it!
Chapter 1 – The Basics of Real Estate Rental
Perhaps the fastest way to make money from investing in real estate is through renting out all or part of your property. To get people to patronize your business, you don’t need to come out with new products as soon as you run out of these nor do you have to exert a lot of effort to render the same service again and again. The key here is being able to provide a living space and making it habitable enough for long-term use.
In providing the said space, you don’t have to shell out money repeatedly since it is a one-time investment. You don’t need to exert much effort, either, since the space will still be there no matter what you do. You invest additional money only rarely throughout the whole time that the business is in operation, and there is no need to always exert physical effort just to make the property habitable enough, especially if you were able to satisfy much of the prerequisites in the beginning. This is the essence of passive income, which should be one of your goals in running a real estate rental business.
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Passive income explained
Passive income is basically money that is earned by an investor without investing more money or rendering additional work. Of course, it is considered passive income if the amount of money generated exceeds the total expenses. Although you may need to put in some muscle work from time to time, the physical effort you exert will be minor compared to any earnings generated. In fact, much of the physical effort required to keep the property in good condition will come from your tenants as they are the ones who are primarily responsible for taking care of the living space they rent from you.
If you keep on making wise decisions regarding your rental property and if you continue to interact with your tenants in a manner befitting a caring landlord, your income could potentially