Most people can make being a landlord a very part-time gig. For the most part all you have to do is collect rent and deal with any home issues that may arise, such as a burst pipe or a clogged sink. All-in-all, however, these issues are few and far between. If all you have to worry about is getting rent payments then you can make being a landlord a viable side business – but making this work is wholly dependent on your tenants. Be sure to choose the right ones.
1. Get their info
Don’t take their word for it. Trustworthy renters will be up front about themselves, their family situation and their income. It is smart to collect their Social Insurance information so that you can check their reliability yourself. You should also be clear about your stance on…
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