It is a lucky person who would have the luxury of having someone else make payments for something that you have purchased. You can ensure this if you have a property that you have acquired and then leased out. As a result, your rental income can go a long way in paying off the mortgage you have taken on to acquire that property.
When you let out a property you can also avail yourself of some tax benefits, while the property itself will provide you with security for the future, that can be your nest egg after you have retired. If the property that you have invested in is in a good location, and well maintained, you can even be able to pay for the mortgage monthly payments completely, and this is like having someone else pay for your property, while you have a clear title to it. You may even get rental income that leaves a surplus after paying the mortgage installments. Many homes that are bought at low prices in the foreclosure market, often make for homes that have a positive cash flow, and the only real expenditure that you will have made is the deposit that you have had to pay initially.
When you look to buy a property with the sole purpose of letting it out, always look for those that are in a good neighborhood, and will, therefore, be easier to let out. Such homes will never be without people wanting to lease it, and if your home has features like a swimming pool, well-appointed kitchens, and bathrooms, and is in a neighborhood that is convenient and close to schools, shopping, and parks, you have a home that will definitely not have difficulty finding tenants.
Do your own research into the letting game. Check the paying capacity of any tenant you take on and make sure that it is a person with a good credit score and reputation. This way you will never have to go chasing around for your rent, and in all likelihood will also have a tenant who will look after your home with care. Make sure that you are always aware of when a tenancy is about to expire, and enquire with your present tenant if the lease can be renewed. This gives you sufficient time to look for a good tenant to continue to get you the income that you desire. Your home will always find a tenant if you are fastidious about its maintenance and do not skimp on it in any way.