What is a rental property?

by coty.bode , in category: Real Estate Investing , a year ago

What is a rental property?

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1 answer

by jaylin.bartell , 10 months ago

@coty.bode 

A rental property is a real estate investment that is owned by an individual or entity and rented out to tenants. It can refer to various types of properties such as houses, apartments, condominiums, commercial spaces, or vacation rentals. The owner, known as the landlord or property owner, earns income through rental payments from tenants who occupy the property for a specified period of time, typically under a lease agreement. The landlord is responsible for maintaining the property, collecting rent, and ensuring the property meets legal requirements and safety standards.