What type of rental property brings in passive income

[Owen Thornton]

What type of rental property will help generate passive income that has little work (like a shopping center)

How would you acquire such a place?

I have heard reference to this in cases of people retiring and putting their equity into buying something like this

[Nathan Gesner]

There are a few things that are pretty much passive. You could own a trailer park where the tenants on the trailers and you are simply renting land to them. However, there is still some maintenance of the land to handle and you are still chasing rents every month or dealing with possible lease violations.

A triple net lease on commercial property means the tenants handle their own internal maintenance and they pay taxes and insurance. But you are still required to maintain the exterior of the building, Jace rents, and handle possible lease violations.

You could invest in mortgage notes where are your only responsibility is to collect the payment. Or you could be a hard money lender where your only responsibility is to collect payments.

Nothing is 100% passive. Everything involves effort and it's just a matter of deciding what you are comfortable with and what you can afford to do.