So, you’ve purchased an investment property. The renovations have been completed, the residents have signed a lease, and you’re ready to start earning some sweet, sweet passive income.

But what should investors be doing with that passive income, exactly?

If you’re like most other investors — especially those managing properties out of state — you might have given some thought to getting a home warranty. These warranties help cover the costs of repairs and replacements in your rental properties, which means you can end up saving on maintenance costs and maximize your net income.

For passive real estate investors, your job is to steer the ship. You’re the one setting goals, driving acquisition rates, communicating a vision, and, ultimately, evaluating your portfolio performance and pivoting accordingly.

For investors and entrepreneurs alike, “passive income” is the name of the game, but the image people often paint of earning passive income is a far cry from reality. We think of it as “making money without having to work,” aka, working on our tan at the beach while our bank accounts get bigger.

In the real estate investment industry, a war is always waging between single-family rentals (SFRs) and multifamily rentals. Which one is better? Which should you invest in?