Augusta
VIP Contributor
A lot of times people are always looking to sell their property because they are always seeing the possibility of receiving huge amount of money. But there seems to be more benefits with renting out properties than just outright selling them
The below are the benefits;
You would be having a good source of passive income. When the rent is due you just need to asked for a renewal by the tenant and your money is paid.
You are still the owner of the property. Renting out the property doesn't stops you from being the owner of the said property. So it is a lot better than selling it which invariably means that you no longer the bonafide owner and you can't retrieve it in future or asked that money be paid to you any longer.
You can use your property later if you have to. Like if it was a home and you were somewhere else but continue to pay rent. You can move move back into your property and make a personal use if it.
Renting out your property gives it a kind of security instead of leaving it empty to be ravished by little animals. When people live in it such might never happened.
What do you think?
The below are the benefits;
You would be having a good source of passive income. When the rent is due you just need to asked for a renewal by the tenant and your money is paid.
You are still the owner of the property. Renting out the property doesn't stops you from being the owner of the said property. So it is a lot better than selling it which invariably means that you no longer the bonafide owner and you can't retrieve it in future or asked that money be paid to you any longer.
You can use your property later if you have to. Like if it was a home and you were somewhere else but continue to pay rent. You can move move back into your property and make a personal use if it.
Renting out your property gives it a kind of security instead of leaving it empty to be ravished by little animals. When people live in it such might never happened.
What do you think?