At last blog i told you various methods of passive income.
Now i will tell you how to invest money in rental property for generating passive income cash flow .
Rental property |
how to begin investing in rental property:
For rental property you required your own house . Then you select which type rent guest you want like student or couple . Because rent depend on this thing. If you are choosing a student then you get minimum money but in case couple you get more money .
If you provide good facility to your rent guest then you can increase rent prices per year 3 percent .
At this situation everyone studies in college so they want private hostel who provides good facility in minimum rate. So can start providing hostel facility which is give more monthly cash flow .and for hostel you are required small rooms as compared to family .
If you start providing rent facility to family then you are required big investment for this. And they want number of facility such as lift, car parking , gas connection and water connection .
From family rent you can get more passive income but starting time you required big investment . If you provide good facility then rent you can increase per year .
When you are gives good facility to customers then you are passive income will definitely increases per year.
I hope this little article is very informative for beginners .
Thank you
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