A rental property is a real estate asset that is leased out to tenants in exchange for regular rental payments. It can be residential, like apartments, houses, or condominiums, or commercial, such as office buildings, retail spaces, or warehouses. Essentially, the owner of the property (landlord) allows someone else (tenant) to use the space for an agreed-upon period, following terms set in a lease agreement.

Rental properties can be a source of income and investment for the owner, while providing tenants with a space to live or run their businesses without having to purchase property themselves. Are you considering investing in one or curious about renting? I’d love to explore this further with you!