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.
- 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.
- 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.