passive income^inactive management(property

Completely passive income is too strict a requirement and realistic only for the wealthy. A minimal amount of /legwork/ is usually unavoidable and acceptable to the retail investors:

  • cross-border fund transfer
  • tax filing
  • currency conversion
  • monitor a stock position in order to receive dividends.
  • /keeping tabs/ of passive income accounting

Now, one level above these effort, some inactive management effort may be required, but some laid-back investors will refuse to put in such simple efforts like:

  • maintaining the relationship with the local agent. Is she reliable and diligent?
  • property maintenance
  • monitor market trends, make long term, gradual adjustments to fend off competition and stay relevant. Gradual adjustment is less stressful.
  • Avichal suggested another form of inactive management —

Form a partnership with a trusted local agent and run it like a business. Perhaps like airbnb. He feels such a business could grow.

Perhaps you could find gainful employment to keep yourself engaged and helpful to your customers and other people. Better than passively collecting rent.

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