Looking for Monthly Passive Income? These 3 REITs Are for You

Passive income can be a beautiful thing. You rake in cash for nothing more than owning an asset. In the case of real estate investing, that means making money without having to manage the property or even owning it directly.

That's the case with real estate investment trusts (REITs), which own and operate income-producing assets and, in exchange for pass-through income tax status, must distribute at least 90% of their taxable take as dividends.

There are about 220 publicly traded REITs, including nearly 20 that pay monthly dividends instead of quarterly. I own several of these monthly paycheck providers.

Source Fool.com