Many people who want to earn passive income and make minimal effort are considering investing in precious metals, virtual currencies, stocks. But those who know how to build an apartment rental business are always in the black.

As virtual currencies continue to raise doubts and fears, company stocks rise and fall unexpectedly in value, and housing continues to become more valuable day by day. To start an apartment rental business, it is enough to set aside an amount for the purchase of an apartment. The average payback period for housing is 10 years. This type of entrepreneurial activity is ideal for metropolitan areas and big cities. It is only necessary to purchase housing, make repairs, settle guests and earn income.

How much do they earn renting apartments

In many ways, the salary of a homeowner depends on where his apartment is located. For example, if it is about renting an apartment in Novopecherski Lipki, then the owner's profit will be higher than that of the owner of housing in a house “with history”. Also, a lot depends on the city in which the apartment is rented. In the capital, housing is always more expensive than in cities that do not belong to the category of “millionaires”. Today it is more profitable to rent an apartment in Kyiv than it was six months ago. The average price for rental housing in the capital in September 2022 increased by 14% compared to August. Now on average you can rent:

• one-room apartment for UAH 10;
• two-room apartment - for 14 hryvnias;
• three-room apartment - for 23 hryvnias;
• four-room apartment - for 61 hryvnias.

The net income of the owner is related to how much he plans to spend on repairs, maintenance. Based on the main types of expenses, you can organize an apartment rental business with maximum benefit for the owner.

Read more:: How to rent apartments.

It is also important not to forget about the nuances. In the process of choosing the perfect apartments, in order to start an apartment rental business, you need to take into account the general condition of the house, the availability of good transport interchanges, kindergartens and schools, parking lots, parks, services and shops around. It is necessary to take care of equipping with modern furniture, “fresh” repair. Thus, you can increase the value in the eyes of potential representatives of the target audience and offer a higher price.

How and how much do intermediaries earn?

Metropolitan real estate agents can claim good salaries. Showing customers Novopecherskie Lipki, photo of an elite residential complex, offering the most attractive options and helping to draw up a contract, they receive income for accompanying a future guest. Depending on the level of the specialist, his experience and workload, the salary may be different. Helping in sales transactions, experts receive approximately 3% -5% of the price of apartments. And on rent earns 50% -100% of the price for accommodation. For an apartment worth 30 hryvnia per month, a real estate agent can take 000 hryvnia.