Income Property

An income property is real estate bought primarily to generate revenue. This typically involves rental properties, such as apartments, office spaces, or retail stores, which owners lease to tenants. The goal is to earn consistent income through rent payments, ideally covering expenses and providing a profit. Income properties can appreciate in value over time, offering both cash flow and potential for long-term growth. Managing these properties requires understanding maintenance, tenant relations, and local market conditions to ensure steady income and profitable investment.