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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 cwarr14
Posted on 6/27/17 at 1:34 pm to cwarr14
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 on 6/27/17 at 1:58 pm to notiger1997
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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