Being a landlord isn’t as easy as it may seem on the periphery. Sure, with ideal tenants and no big surprises, renting a house can be a fairly easy way to make an income or pay off a mortgage, yet this ideal scenario isn’t generally the norm. In an effort to give potential landlords a…
You own a property. You can sell it or rent it. You are not going to live in it yourself so, apart from leaving it empty, you only have those two choices. It is a big decision. Many people make what they see as an easy decision based on how they came to be the…
There are several benefits to owning rental property. If all goes well, you have a steady stream of income with minimal effort on your part. That is if you have a good tenant, nominal repairs, and your property taxes don’t skyrocket. But, what if the home needs a new roof? Or, you must evict a…
While many people believe that being a landlord is an easy way to make some extra money, it isn’t always simple. You won’t just be sitting around and collecting rent money every month. In fact, it can be a lot of work, especially with some places. Here are some challenges that you may face as…
There are a lot of different ways to wind up with an extra home on your hands. For most people, this seems like a dream situation: a whole house just to rent out or sell as you please. Maybe recently sized-up and bought a new home but haven’t sold the old one. Maybe a dear…
While many believe being a landlord is a great way to make some extra money, it isn’t as easy as it looks. There are many challenges that come our way. Here are some challenges that you face as a landlord. Maintenance, maintenance, and more maintenance. In order to keep tenants in your building, you have…