Rental income is a form of passive income generated from leasing out properties such as residential homes, apartments, or commercial spaces. This steady revenue stream can provide financial stability and long-term wealth accumulation. Property owners benefit from monthly rental payments while also potentially appreciating the property's value over time. However, managing rental properties involves responsibilities like maintenance, tenant management, and understanding local rental laws. Successful rental income strategies require careful property selection, setting competitive rent prices, and maintaining good landlord-tenant relationships to ensure consistent occupancy and income.
