Comments on: Becoming a Landlord for Passive Income

By: Jon @ Money Smart Guides

Jon @ Money Smart Guides — Thu, 12 Jun 2014 01:36:43 +0000

I rent out my house and enjoy being a landlord. With that said though, it certainly is work. I fear many will jump into rental real estate and find that it takes a lot more work than they think. They are just buying into the idea monthly income, but finding great properties is hard work in itself.

By: Lauren @ Cheapstudents.ca

Lauren @ Cheapstudents.ca — Tue, 10 Jun 2014 03:25:56 +0000

It’s definitely something that I’m considering in the future, or at least renting out a room in a house I buy in the future. It all depends on the housing market though, I live in Toronto and prices are just skyrocketing.

By: Vangile Makwakwa

Vangile Makwakwa — Sat, 07 Jun 2014 17:44:56 +0000

Definitely on my plan of creating wealth is real estate. My plan is to rent out my house that Im getting within the next year and pay off the mortgage as soon as possible so I can get another house by end of 2015. This is the reason I got a fixer upper on the beach, it’s a bargain but the location is prime location since its where tourists from all over the world come to stay so it makes it a great vacation rental as well if I choose not to rent it out all year.

By: Dan @ Our Big Fat Wallet

Dan @ Our Big Fat Wallet — Fri, 06 Jun 2014 03:12:16 +0000

I own one rental property and I definitely wouldn’t consider it passive income. Most of the time there isn’t much work to be done but there is occasionally the extra stuff that comes up once and a while along with inspections, maintenance, coordinating or performing any renovations – and that doesn’t include the process of finding/screening tenants

By: Debt Busting Chick

Debt Busting Chick — Mon, 02 Jun 2014 19:35:46 +0000

In reply to Canadian Budget Binder. My aspiration in life!

By: Kurt @ Money Counselor

Kurt @ Money Counselor — Mon, 02 Jun 2014 17:52:41 +0000

After just going through the process of screening tenants for a newly inherited rental property, I can attest: Landlording is a lot of work! We’re also going renovations on the property to prepare for the Aug 01 tenancy. Also lots more time. I just hope the tenants we’ve settled on work out so we don’t have to go through the process again for a while.

By: Canadian Budget Binder

Canadian Budget Binder — Mon, 02 Jun 2014 14:35:11 +0000

My mum and dad own a few houses that are paid for in the UK. They have had renters for years and all that money goes back into their pocket. Sure they have maintenance like every other homeowner but they also enjoy the perks of having houses paid in full and money coming in. 🙂

By: Jessica Moorhouse

Jessica Moorhouse — Mon, 02 Jun 2014 14:25:16 +0000

Agreed. Being a landlord sounds like a lot of work, but I still would love to have a rental property one day 🙂

By: Stefanie @ The Broke and Beautiful Life

Stefanie @ The Broke and Beautiful Life — Mon, 02 Jun 2014 14:02:48 +0000

I think it’d be great if you could secure a good property manager. But even then, there’s no assurance that the value of your house will always increase- as we saw with the burst of the housing bubble here in the states a few years ago.