Passive income is money you earn with no or little investment of your time and effort. What’s not to like about that? Whether you are looking to retire early or want to earn an extra income to help cover expenses, there are plenty of ways to leverage the real estate market to create a passive income stream.

Rental Properties

This is one of the most popular ways to earn income in the real estate market. You can choose to buy single-family homes or entire apartment buildings. Rental properties that are move-in ready can help you avoid any major renovations that will require your time and effort. However, they will also cost more upfront so you will have to wait to see a sizeable return.

Steven Taylor Taylor Equities founder is known for purchasing apartment complexes that need renovations or updates and turning them into profitable rental units. Although you will need to put in more work to make these properties profitable, they can usually be found for a lower upfront cost.

Accessory Income

If you aren’t ready to make that much of an investment, consider piggybacking on the real estate market instead. Many apartment complexes house vending machines and pay-per-use laundry facilities that offer a great opportunity for passive income.

Real Estate Bonds

Traditional investors might want to avoid direct interaction with properties altogether while still investing in a strong real estate market. Look for stocks, bonds, and investment accounts that focus on real estate. If you are new to investing, consider using a financial advisor to help you get started.

With more and more people taking on side jobs and looking to retire early, the idea of earning a steady income that requires very little input of your time and effort can be appealing. Real estate investing offers an opportunity to do that for many people. Are you one of them?