There are many ways to start earning passive income in 2024. Investing in real estate or buying dividend stocks is a great way to begin.

One super easy way to start collecting passive income each month is to combine those options by investing in real estate investment trusts (REITs) that pay monthly dividends. Stag Industrial (NYSE: STAG), Agree Realty (NYSE: ADC), and Realty Income (NYSE: O) are three top monthly dividend REITs to buy this January to earn income every month in 2024.

Stag Industrial is an industrial REIT that owns warehouses and light manufacturing facilities leased to high-quality tenants. The company pays its investors a $0.1225 per share dividend each month ($1.47 annually). That gives it a 3.8% yield at the recent share price. At that rate, a $1,000 investment in Stag Industrial would produce $3.16 of income each month ($37.90 annually). The more you invest in shares of Stag, the more income you can collect each month.

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Source Fool.com