To many people, buying property and moving renters into it sounds like an easy way to have a reliable stream of income but there’s more to it than that. Not everyone is cut out to be a landlord. Unless you’re going to hire a professional property maintenance company to care for the property and deal with any issues that come up you should keep the following points in mind before you make that leap.
Being a landlord involves a good deal of extra time from your schedule. Now, instead of having just your own property to maintain you have another one. Are you already stretched thin? Be prepared to have your weekends and holidays interrupted by a phone call from your renters occasionally needing help.