New Delhi, April 17 -- Many people who have retired or achieved financial independence early earn income from renting out real estate. However, relying primarily on rental income isn't wise, especially for senior citizens. What if your property remains vacant for a few months, or a tenant occupies it by force?

Allahabad resident Anindita Basu's relative had such an experience. "The tenant had been living in her apartment for many years. When she told him to vacate because she wanted to move there, he refused to do so. My relative had to take the legal route. It took her four years to evict him with a court order," Basu said.

Basu's own retirement is five years away. She has a property in Bengaluru that she plans to rent out once she ret...