Rent is constantly rising, no matter where you go and your landlord’s the only one winning. It’s the right time to rethink your strategy and ask yourself if being a landlord would be more suitable than being a tenant. CNBC made some good points in their article about rising rents and how landlords are making some cold, hard cash from their tenants.
What’s not to like about being a landlord? If you’re a tenant (a renter), you must already know that a good percentage of your paycheck turns into rent money. Imagine being the receiver of a handful of people’s rent money every month. Pretty good, right?
Bills and expenses are starting to be worth so much more than the paycheck of every working-class citizen out there. Millenials aren’t as fearless as their parents and grandparents when it comes to purchasing property, so they’re the ones that are most likely to rent. There’s a surplus of millennials out there– they never seem to run out. Maybe investing and owning some property might be well suited if you’re the type of person that would rather receive rent money than give it.
Then again, if you’re 100% convinced that you should be a landlord instead of a tenant, never ever underestimate the expenses attached to owning a property. There’s always a catch with things that are just too good!