rental income
Rental income is the money earned by property owners when they lease or rent out their properties to tenants. This income can come from various types of properties, including residential homes, apartments, commercial buildings, and vacation rentals. The amount of rental income typically depends on factors such as location, property size, and market demand.
Property owners often use rental income to cover expenses like mortgage payments, property taxes, and maintenance costs. Additionally, rental income can provide a steady cash flow and serve as an investment strategy for building wealth over time.