While having your own home is always the best option, there are times that leasing residential property is a better way to go, especially when the nature of one’s job requires moving from one place to another.
Some people cannot afford to buy their own homes just yet, therefore they resort to leasing residential property instead. This is a good reason why investing in a property and leasing it out can be a good business opportunity.
If you have an extra house that can be leased, it might be a good idea to earn passive income out of it by leasing it to other people. When it comes to this kind of business, there are certain factors that need to be considered in order for the business to flow smoothly and avoid having disputes or issues.
Having a property on the lease would mean entrusting your property to another dweller. You may need to prepare a clear and detailed contract of lease aimed to address all potential concerns and issues that may arise. The rest of the useful tips that you can refer to are detailed in this video.