Buying a property and letting it out on rent is perhaps the easiest investment solution nowadays. It is not only a means of investment for the wealthier class in particular but also gives a sense of economic stability and freedom to the owner. It is very important that you take an apartment on rent which will get you regular return, and that is the best part. There are some people who keep on investing and get a very good return over a period. A fixed income will be a great help once you start growing you need increase and hence it is a must that you have options of extra income that helps you meet ends, and that is good. There are lots of people who are not sure, where to invest but keep one thing in mind that investing in the right way is always good.
But for those who are on the lookout for these rental properties need to always judge twice or if required thrice on the various factors before taking a property on rent so that they do not fall into any trouble at a later date. In most of the cases, the owners stay at a different location in their house and visits occasionally to the tenants to collect their rent or for any other issue if so arise. In case of any problem, the tenant though can contact the owner over the phone but cannot get him personally to resolve the issue. Hence the tenant must initially go for a check on all major factors like whether water is available 24X7 across all the tap connections, whether the electrical wires and fuse are absolutely safe and sound or whether there is any leakage which can cause short circuit and risk the lives of the tenants, the overall safety and security of the house is in place or not including the lock and other safety systems, if it’s a cooperative housing or a complex and if there is a security guard in place then to make utter sure that there must be a security guard at all times at the main entrance just in case any unknown person doesn’t make an entry into the premises. Keep one thing in mind that apartment needs to be safe, and it always helps you to keep your family in good shape and safe all the time.
A thorough check on these factors from both the ends makes the stay peaceful and secure for any tenant. A secondary suite is those apartments where a part of the house is used for landlord’s family member. In some cases, these are also located in the basements and known as basement suites. Communal apartments are a shared kitchen and bathroom. At times, it also consists of approximately five room apartments with a common kitchen and bathroom. Marionette meaning little house are larger apartments across two or more floors with staircases connecting between them.