
Rental income is a positive monthly or annual income in real estate business. Rental value mostly can cover the monthly installment to the bank for loan facility. You are lucky to get a property that the rental value is higher than your monthly loan installment. So, before investing in any property for rental income, try to survey around the average rental value in the neighborhood. It will give you a rough idea of what sort of income you could get from rental in this area.
Personally, I’m suggesting you to get the property in 5km radius range from industrial estate area. It is the best place where you can get continuous rental income from factory. Factory workers consists many foreigners. Foreign workforces used in production area to lower the cost of operations. This is your targeted customers. I’m not asking you to go and talk to the foreigners, just propose to the factory that you are offering property rental services and sign up contract with them.
This gives you a relief passive monthly or annual income from rental. You could use that money to repay the loan installments.
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