Right on, buying a rental property isn't what I normally would've considered to be a "low key side hustle" but certainly a great way to passive-ish income
Depends on the "low key side hustle" when I have two "low key" options:
1. List it on Zillow which in turn lists it in dozens of places and I respond to emails and occasionally show off the place to a potential tenant. Hire a cleaning lady or DIY once the unit is up. Since it's a monthly rental and I provide all the cleaning supplies within the place, I do remind the tenants that if they clean after themselves, I'll waive or half the cleaning fee.
Other than that, tenants would not be able to give me too much trouble. The keypad I installed gives them a key and I set a date from the time they start their lease until it expires. After it expires, their key expires and once they leave the unit, they can no longer re-enter.
2. Hire a property management company: they do it all.
Maybe not as low-key as one thinks but it can definitely make for great passive income.
Comments
Right on, buying a rental property isn't what I normally would've considered to be a "low key side hustle" but certainly a great way to passive-ish income
edit words
Depends on the "low key side hustle" when I have two "low key" options:
1. List it on Zillow which in turn lists it in dozens of places and I respond to emails and occasionally show off the place to a potential tenant. Hire a cleaning lady or DIY once the unit is up. Since it's a monthly rental and I provide all the cleaning supplies within the place, I do remind the tenants that if they clean after themselves, I'll waive or half the cleaning fee.
Other than that, tenants would not be able to give me too much trouble. The keypad I installed gives them a key and I set a date from the time they start their lease until it expires. After it expires, their key expires and once they leave the unit, they can no longer re-enter.
2. Hire a property management company: they do it all.
Maybe not as low-key as one thinks but it can definitely make for great passive income.