Jacklin Albert
2 posts
May 26, 2023
6:09 AM
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Rental income is generally considered passive income. "Cleveland Income Real Estate" that generates rental income can provide investors with a passive income stream. Passive income refers to earnings derived from activities in which the investor is not materially involved. When you invest in rental properties, the income generated from tenant rent payments is typically considered passive, as long as you're not actively managing the property on a day-to-day basis. However, it's important to note that there are certain conditions and tax regulations that may impact the classification of rental income as passive or active.
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