We want to buy a investment property and rent it. But the problem is if we go with detached house rents are too high in the range of $2000 - $2200 and hard to find rentals. Sometimes we can rent basement separate and main and first floor separate meaning 2 tenants but very challenging as they may have differences in living habits. Other option is buy a town house.. cheaper one comes with condo fees and free hold are expensive. In most case a rental property is only making equity with time and not giving monthly income as all money goes back in mortgage / house tax/house insurance/utilities/condo fees etc... sometimes buying an investment property is a liability as you have to pay extra from pocket over rental income to pay all debt.
we want to go a different approach we want to make monthly income as well as built equity. Only way to do this is to give property to some companies to manage , who get rentals from companies who get foreign employer on deputation or get rentals from insurance companies renting houses for their insurance claim customers.. in this case I have seen rental value are good.. I have seen companies and insurance paying for such rental property $4000 - $5000 per month. Even after paying admin charges to those managing companies the house owner can still make a good lump sum monthly income.. Is there a website or place where such companies welcome private home owners to approach them and give their property to manage rental income
we want to go a different approach we want to make monthly income as well as built equity. Only way to do this is to give property to some companies to manage , who get rentals from companies who get foreign employer on deputation or get rentals from insurance companies renting houses for their insurance claim customers.. in this case I have seen rental value are good.. I have seen companies and insurance paying for such rental property $4000 - $5000 per month. Even after paying admin charges to those managing companies the house owner can still make a good lump sum monthly income.. Is there a website or place where such companies welcome private home owners to approach them and give their property to manage rental income