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re: Types of investments that require little maintance and produce steady $$$

Posted on 6/27/17 at 1:34 pm to
Posted by notiger1997
Metairie
Member since May 2009
58276 posts
Posted on 6/27/17 at 1:34 pm to
quote:

storage units,


You kind of have to worry about having someone there all of the time to provide service to the renters. Then you deal with insurance, taxes, utilities, lease/rent, maintenance, etc, etc.

Doesn't seem all that low maintenance to me.

I do have a friend who owns several though and he seems to be doing very very well financially so, while it may be work, if done right it's probably worth it.
Posted by baldona
Florida
Member since Feb 2016
20535 posts
Posted on 6/27/17 at 1:58 pm to
Your best bet outside of equities, is rental properties with a rental company. Ice machine is far from guaranteed from even making money and it requires potentially multiple visits a week if it's really busy. They only hold so much cash and $100 in 1s is a lot of space. Same with storage units.
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