Renting

The idea of buying a home or apartment to rent out for profit may sound alluring. But buying a rental property for income and long-term capital appreciation can have its ups and downs. For example, the housing market can fluctuate depending on location, supply and demand, and the economy. Renting, also known as hiring or letting, is an agreement where a payment is for the use of a good, service or property owned by another over a fixed period of time.