Why?
Owning property is a great way of earning passive income, but contrary to what many people believe, it’s often not as passive as you may think. You often have issues with tenants or the property which need to be handled promptly and correctly.
But people usually do not have sufficient time to manage their property. People are busy with their day jobs or with their family. They need the services of an estate agent or property manager. This eats into your monthly income for the benefit of being more passive.
SO HOW TO EARN PASSIVE INCOME WITHOUT AN AGENT?
Here are a couple tips on how to avoid or minimise using agents, or even having to deal with tenants and property issues.
- Investment in commercial property on a fully insuring & repairing lease, usually from 5 to 15 years.
- Invest in property funds such as a REIT. These must pay out 90% of profits as dividends.
These are just a couple of ideas which can help you earn passively from property.