Whether you are converting your home into a rental property or investing in real estate for the benefit of passive income, you need to price your rent effectively in order to ensure minimal vacancy loss and maximum exposure to renters when you list for rent.
Real estate investing is seen as passive income, where the investor does not need to actively participate in everyday operations in order to generate a return. Unlike other forms of passive income, however, real estate investments only generate income when the property is occupied with a tenant. With proper pricing, you can reduce vacancy risk, increase renter retention and make real estate investing into a more guaranteed investment decision.
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