Buying or leasing an asset for an extended period of time and then renting it out to tenants—residential or commercial—is the most straightforward method of investing in real estate.
Although the procedure is straightforward, it requires a sizable upfront expenditure as well as yearly maintenance and upkeep costs. Verify that there are no outstanding legal issues with the asset. Purchase it outright, lease it, or get a loan.
In the event that the property is commercial, register it at the sub-registrar's office with two witnesses and according to the protocols specified there.
After the property is registered, you can market it or let people know that it is available for purchase. The monthly rentals from the property will be your passive income once the renter signs and acknowledges the terms of the lease.
It is a good idea to have tenants in the same asset that have overlapping lease periods so that the property is always filled. This also lowers the expense of timely maintenance. Even better, you could hire a property management company to take care of everything, but you would have to pay them commission at the same time.
It is not necessary to visit the sub-registrar's office alone if the property is residential. Every renter will require a similar rental agreement to be written, and the monthly rentals you receive will be used to calculate the return on your investment.
