Lot of businesses in today’s world is seemed to be reaching its heights due to the demand for the place required. Any business would require place to execute its functions and for this the place may be owned or rented.
Here is a business which is favorable for the people who would like to let out the place owned by them for rent. This might be a house or a room. The amount of income from renting the place is highly repetitive and recurring, which is usually monthly-basis.
The demand for the ATMs through renting places:
Over the past years, there has been a high demand for renting the places for ATMs by banks in the country. The banks usually rent the place for the certain amount of years and the contract is renewed every two or three years.
There might be an increase in the rent ranging to ten percent or a little more as per the market standards. Hence, it would be a good decision to lease it out if at all you are looking for a larger amount to be invested in a different business. You can however make a good amount from renting out the place to the banks for ATMs, provided you are looking for a monthly income. You can rent your space for bank ATM easily by approaching the bank concerned person.
The things that needed to be kept in mind while renting out the place to the banks for ATM Installation:
First and foremost, the space which is to be let out for ATM should be on the main road. This is because it has to be accessible to the people for making transactions. It has to be secured enough for the people using ATM, hence, banks do not look out for remote areas for security reasons!
Make things clear with the bank, which might be through direct contact or through brokers. It is recommended that you should contact bank directly for ATM installation at your place, every bank branch has a concerned person who take charge for ATM machine installation.
The commission paid and received:
You would have to pay the first three months rent as the commission to the broker or as agreed upon. This could be paid from the advance that you receive from the bank.
Overall, the process of letting out the place for rent has been in the wake of demand due to the transactions being made easily accessible.
It is also very easy to make place available as it would be require a small room with the electrical amenities. Also the security aspect should be a vital concept in the installation of the ATMs to avoid any major havoc.
The demand has taken a hike:
The demand for renting places for ATMs has reached high demand for past some years and it is a good investment on the grounds that there would be definite income from bank towards the rent that you receive.
The ATM Machines and intact business at that same time can also bring you enough profits. You can start a business, like bakery or grocery along with the installation of the ATMs. Hence, there can be dual income from the investment made; however, the planning has to be done in such a manner that there would be enough income on the daily basis.
On the whole, investment on ATMs is a profitable business. The demand for the ATM space around the country is high based on the percentage of the number of banks available. The RBI has authorized more six to seven non-banking financial companies to allot the spaces for ATMs in the country.
Hence, the supply for the places for ATM installation is high. You have a space attached to your house or business place, go ahead and rent it out safely and confidently for a continuous income from the above said business.
Security has to be the prime concentration, as this is one of the businesses that have to secure from the advent of trespassers.