Generate A Passive Income with Buy-To-Let Property

Property is one of the best ways to gain an additional source of revenue on the road to financial freedom. Property is an appreciating tangible asset, with high yields, returns on investment and capital growth. Therefore, some investors strongly believe that property is the strongest type of investment that can be made.

However, property investment is not for everyone. It has a high bar to entry, with property costing considerably more than stocks, cryptocurrency, or bonds. Also, if investors are looking for a completely passive investment, property investment still requires some level of activity. Despite this, the financial benefits of property investment as a passive income are far greater and more stable.

How to Generate Passive Income Through Property

Use An Investment Agency

Finding the right property to generate a good passive income can be a hassle. However, property investment agencies can help. Investors can give them details of how much they would like to invest and what returns they would like to see and the agency will find the best fit within the investors’ budget and needs. Some investors would like to generate regular incomings. Others are looking to benefit from long-term capital growth. The benefit of property investment is that with the right asset, both can be achieved.

Invest in The Right Location

Many cities in the North West and North of England are undergoing regeneration. Because of this, they have become investment hotspots. Securing a property in the right location is key to generating a passive income. These areas are particularly of interest because property price growth and rental incomes are high. The increase in property prices in these areas should continue to climb too as the cities attract more residents and businesses.

Read more about how social infrastructure can increase capital growth, here.

Look at Local Amenities

Ideal properties are situated around good transport links, shops, and amenities. They are the facilities that tenants find attractive when renting a property. As an investor, it is important to consider what any potential tenants would want from their rental property. When speaking to an agency they will be able to provide investors with a breakdown of the surrounding amenities near the location of choice.

Discover more about investment hotspots, here.

Use A Property Management Company

Managing a property can take lots of work, from maintenance to tenancy agreements. However, investors can make use of a property management company. They will handle the rental property. If investors would like to be hands-off with their property while generating a passive income a management company can offer a lot of value. At CityRise our property management team offer incredible value to investors and helps them maximise return and be as hand-off or as involved as they would like. Explore more about our management services here.

CityRise Verdict

Investing in property to generate a passive income is still the most secure form of investment. Unlike other routes of investment, a property is a tangible asset. This keeps an investor’s capital secure if repayments are met. If an investor is looking for passive income, they can delegate the management and handling of the property and still be rewarded.

The property market is also strong, resilient, and growing. Unlike stocks or cryptocurrency, the property market is far more predictable. The predictability rewards those who invest with a strong strategy accounting for economic growth in the location of their investment.

If you are looking to find out more about property investment, contact our property investment consultants at CityRise, here.