Simple Ways to Get Surprising Passive Income - Business Media Group

Simple Ways to Get Surprising Passive Income

Renting out an empty apartment is an obvious idea for anyone who has such an apartment. There are several options for how this can be done. Rent out an apartment for a long-term lease. This is a source of stable and fairly high income. The main risk is to find an apartment after tenants in a state that is not suitable for further living. Another way to earn assets online is by buying and selling shares. is the best online platform for online shares trading and it is very easy to use.

Rent out an apartment by the day. Unstable, but more profitable than long-term rent, way. It is better to choose the option in which you provide an apartment to travelers. To do this, you will have to constantly maintain the presentation of the apartments, but the risks are slightly less. If you plan to rent an apartment for daily rent to fellow countrymen, be prepared for the fact that it will be rented for noisy parties, after which only the walls will remain the same.

Rent out an apartment as a commercial property. The dwelling on the ground floor can be converted into a space suitable for a shop or office. If you do it yourself, check the regulations. Also, the tenant can take on the cost of refurbishing the premises, but this will affect your income.

Not all methods will require additional cash costs. But in this case, your investment is an apartment, because you cannot be sure of its safety.

Prepare an Apartment for Display Before Renting or Selling

First, you should decide whether you want to make a profit from your deposit every month, but a little bit, or you will be satisfied with a more significant amount once a quarter, six months, a year. In the first case, a savings account with the ability to withdraw interest every month is suitable. In the second case, choose a deposit with capitalization, when interest is monthly summed up with the main deposit. So in the end you will receive a large amount.

It is worth considering that the interest on deposits in Russian banks is not very high. To live comfortably on them, you need to keep an amount of several million on your account. By the simplest calculations, with a rate of 8% from 1 million rubles per month, you will receive only 6.6 thousand rubles. With a similar deposit for a period of 1 year with capitalization in 12 months, you will receive 82.99 thousand.

Invest in Dividend Stocks

You can receive dividends annually from securities, but for this you need to choose them correctly. Firstly, it is worth focusing on preferred shares, and not on ordinary ones: dividends are always paid on the first, and on the second – by the decision of the board of directors. Secondly, you need to choose promising companies whose profits (and hence the size of dividends) are constantly growing.

Invest in Mutual Funds

The point of a mutual investment fund is that the investor trusts the company’s specialists with their money, and they do everything possible to increase their investments. At the same time, the profitability of mutual funds, as well as of most financial instruments, is not guaranteed. Therefore, it is important to choose a good fund, for which it is worth studying the ratings, reading the rules for entering and exiting a mutual fund and clarifying all the nuances.

Show More

Related Articles