One of the best things about owning rental real estate is getting monthly passive income mailed directly to you. Of course, that income quickly needs to be spread around to mortgage payments, reserves, insurance, property taxes, and assorted other expenses. And you have to spend the month wondering what's going to break, which tenants are going to leave, and what's going on with real estate prices. If only there were an easier way to get passive income checks each month.
There is! Realty Income (NYSE: O) , EPR Properties (NYSE: EPR) , and Gladstone Land (NASDAQ: LAND) are real estate investment trusts (REITS) all send no-strings-attached, monthly dividends to shareholders. You can choose whether to reinvest the dividend, use it to invest in a different stock, or withdraw the cash for spending. Let's go over the three stocks and their dividend programs.
Realty Income is the monthly dividend big dog. It has actually trademarked the phrase "The Monthly Dividend Company," and it qualifies as a Dividend Aristocrat , meaning it has increased its dividend for at least 25 consecutive years.
For further details see:Looking for Monthly Passive Income? These 3 REITs Are for You