Rental properties are real estate assets that are leased to tenants in exchange for rent. These properties can include single-family homes, apartments, or commercial spaces. Owners of rental properties earn income through monthly rent payments, which can help cover mortgage costs, property taxes, and maintenance expenses.
Investing in rental properties can be a way to build wealth over time. Many investors look for properties in desirable locations to attract reliable tenants. Additionally, rental properties can appreciate in value, providing potential profits when sold. Proper management is essential to ensure tenant satisfaction and maintain the property's condition.