Real estate is one of the safest ways to diversify your assets.

These are basic premises:

1.- Once again, location.

2. Consider the payment to acquire the property itself, as well as the deed expenses that will be generated once the property is paid in full.

3.- If applicable, expenditure for remodeling or improvements before moving to the new unit.

4.- Fixed and maintenance expenses.

When renting your property, in order to set the monthly rent, you must find out the amount of administration and maintenance fees that will be paid either monthly or annually.

When setting your monthly rent, consider comparable rents in the area, as well as in the building where your unit is located.

With this information, determine your monthly rental fee that will cover these expenses and generate your desired possible income.