Passive Income

Broadly, this is revenue you earn even when you aren’t actively working. Whilst the term is often applied to rental income, it’s a mistake to think that owning rental properties is passive. Sure, you may not be working on them 40 hours a week, but you do need to run your property portfolio like a business, which means having a solid strategy and the appropriate structures and financing in place, ensuring your portfolio is sustainable (i.e. generating positive cash flow), planning and managing maintenance and so on.