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Landlord

Projected Income $15,000 to $120k

Costs to Start $200,000+

Time to Start 1-3 months

Category Real Estate

Our Side Hustles Breakdown

Being a landlord involves owning and managing rental properties and earning income from tenant rent payments. Success as a landlord relies on property selection, tenant management, and maintenance. By selecting desirable properties, screening tenants, and maintaining the properties effectively, you can potentially achieve steady rental income.

Cons

Property Management: Involves property maintenance and tenant management.
Market Fluctuations: Real estate markets can be subject to fluctuations.
Tenant Issues: Dealing with tenant disputes and vacancies can be challenging.

Pros

Steady Income: Offers the potential for regular rental income.
Asset Appreciation: Properties may appreciate over time.
Long-Term Wealth: Real estate can be a source of long-term wealth building.

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