Welcome to the Get Real podcast, your reality therapy for personal, business and real estate investing success. Angela Thomas and Ron Phillips of RP Capital are your hosts for the Get Real podcast… with the emphasis on REAL.
Today’s podcast explains what passive income really means and what confuses people about it. But mostly Angela and Ron will talk about why you really, really want passive income.
Passive doesn’t mean that you don’t have to do anything to earn income. It’s not the same as parking your money in a bank account.
Passive income means that you don’t have to trade your time in order to earn money. In the rental real estate market, that means you’ve hired a property management company to oversee the property.
These investors mostly just have to check their bank accounts monthly to be sure the rental income has posted. That’s a pleasant task for most people, certainly.
Occasionally, they get calls from the management company about repairs. But unlike self-managers, the investor’s phone doesn’t ring in the middle of the night. And he or she doesn’t have to actually fix anything… only approve the repair expense.
This investment model is true security for participants… just what retirees need and want.
What’s inside:
- Passive income defined
- Managed property almost headache-free
- Investment growth and security
- Tell Angela and Ron what topics you’d like to hear
Mentioned in this episode:
- Reach Ron & Angela: GetRealEstateSuccess.com
