Being a landlord is a great way to earn more income on the side. It also comes with its own set of challenges, from problem tenants to maintenance costs. Below are the pros and cons of being a landlord so you can decide if it’s the right job for you.
One of the biggest appeals of becoming a landlord is the extra income. As long as you have reliable tenants in your property, you can count on a steady cash flow each month. The monthly payment should be enough to cover the mortgage of the property so you can hold on to the property as it appreciates in value.…Continue reading