Passive Monthly Rental Income or £1,000,000
Believe it or not I prefer a monthly passive monthly rental income than a fixed sum in the bank. Inflation is starting to kick in. Interest rates are horrible or rather said non existant. I know with my properties they will adjust with inflation and go up when inflation kicks in. With all the cheap money printed our currencies are getting devalued. I was in Argentina and the only people who survived were those who had rental properties.
My situation is even better. I do not have working tenants. I have social tenants. I have 5 and 10 year leases with no voids..no management and maintance is covered up to £5,000 a year as long as not structural.
I love getting all my rental payments at the end of month. Like a Swiss clock I get my BACS payments. No drama …No headaches. The hard part is finding the properties and getting them refurbished to standard. It is getting harder and harder to find properties as prices are shifting upwards.
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