Generating Steady Income from Real Estate Investment

by Jackie Davis 04/19/2020

With the rapid rebound in the real estate market over the past few years, there has been a tremendous increase in the financial potential of this industry. Therefore, many people are looking for ways to generate a steady income in real estate. In order to take advantage of the numerous available opportunities, there are a few important ideas to consider.

Generating Income from Rental Properties

One of the most direct ways to generate a steady income from real estate is through rental properties. Of course, the property needs to be rented consistently in order to generate reliable income. Sometimes, there might be a few gaps here and there when tenets move in or out. You could opt to compensate for these gaps using a web-based service that allows you to advertise your space as available for short term rental opportunities for a few nights or weeks at a time.

Consider Using a Property Management Company

Those who are having trouble finding the right tenets might choose to rely on a property management company for assistance. While this isn't right for everyone, it might be helpful for someone who is renting out property that isn't in their local area. That way, if something does go wrong with the property, there is someone who is immediately available to provide assistance. A property management company may also have connections in the industry that help you save money on repairs and maintenance.

Think About Becoming an Appraiser or Inspector

Those with an interest in real estate or who work in a related field already might choose to become an appraiser or inspector. A full-time real estate investor could manage their own properties while inspecting and appraise others. This path helps keep you closely in touch with the latest local transactions and trends in a particular area.

Generating a Steady Income from Real Estate

These are a few key tips that can help to generate a steady income flow from real estate. In addition to the capital gains that might come with real estate investing, there are steady income opportunities available. It is a good idea to generate multiple income streams in real estate, it will help to diversify risks while maximizing financial opportunities.

Investment

Income

Rental Property

About the Author

Jackie Davis

Welcome to Jackie Davis and Company. If you have navigated this far, we thank you and would like to share how we differ from other teams and agents. We work tirelessly and are committed to providing 100% customer satisfaction. We recognize, listen, value, and appreciate your goals as you move towards listing or selling your home. As Listing Agents we continuously integrate new and advanced technology to promote your biggest asset. Our strong negotiation skills are invaluable for getting you the best price for your home. As the Buyer's Agent we pride ourselves on being fully educated in our local markets. While focusing on integrity and honesty we will provide you with the highest level of professionalism and analysis. We are proud that this hard work has earned us recognition as top 1% both company and state wide in the industry. Achievements * 1st Quarter 2017 Leading Sales in Fairfield * 2017 February Leading Sales Team * 2017 March Leading Sales Team * Chairman's Elite representing the Top 1% Agent at William Raveis Nationwide & Fairfield County * Over $45 million Listed & Sold in 2016 * Over $30 million Listed & Sold in 2015 * 99% List to Sales Ratio (higher than market average) * 75 Average Days on Market (less than market average) * Jackie Davis Promoted to Sales Vice President 2016 * Raveis Award of Excellence every year * Exceptional Customer Service Award every year * Top Units Sold Team October 2016 * Top Customer Service October 2016 * Top Mortgage Support September 2016 * Top Selling Team January 2016 * Top Mortgage Support August 2015 * Top Selling Team Feb 2014 * Top Producing Team Jan 2014 * Top Selling Team Dec 2013 * Top Selling Team Nov 2013 * Top Producing Team Nov 2013 Professional Specialty Innovative Marketing and Technology equals proven sales. Our team of licensed professionals is ready to serve. We handle: Sellers & Buyers Exceptional Properties Investors Waterfront & Beach Area Homes Country & Equestrian Properties New Construction & Land Relocation Professional Association National Association of Realtors Connecticut Association of Realtors Greater Fairfield Board of Realtors Consolidated Multiple Listing Service Community Involvement PTA committee member for past 14 years from elementary through high school PTA Board Member for 4 years Shoff Darby Advisory Scholarship Board member past 5 years Committee member for Cancer Care of Norwalk past 10 years Volunteer Habitat for Humanity Operation Hope coordinator for elementary and middle schools, last 3 years Volunteer for a variety of town sports teams, that my daughters participate in The County Assemblies Board Member The b-Cause Foundation Board Member- a non-profit organization whose mission is to educate children to recognize neighbors in need in our local community. Wakeman Boys & Girls Club- Fundraising Committee Member Committee Member for Cancer Couch Fundraiser the Cancer Beat 2016 Near and Far Aid Volunteer Education BA from Merrimack College Personal Fairfield resident for 39 years Currently reside in Fairfield Beach Area Married 27 years Four daughters currently in & have graduated Fairfield Public School system Areas Covered Fairfield Southport Westport Weston Norwalk Trumbull Easton Stratford Shelton Milford Stamford Bridgeport