Yes, you can be a landlord even if you don’t own a property. How is this possible? Real estate investment trusts (REITs) is the answer!
The Motley Fool provides a good explanation about investing in REITs and collecting income as a “landlord” without having to deal with the painful stuff (aka mortgages, tenants, etc.) It sounds amazing and too good to be true, but it’s something that more and more people are investing in.
It’s true that it’s quite difficult to own a property, especially with how finicky the economy is. You can wait for years for the value of your property to increase before you sell or you can choose to invest in REITs now and collect passive income. It’s pretty much letting your money work for you and it may be a better option than risking your money in the stock market.
Depending on your area, REITs have the potential to provide a high income for you because there are some places where the tax for it is low, or sometimes even tax-free. This could be a better option for you if you’re interested in having a property in your portfolio but don’t have the energy nor the patience to deal with tenants, repairs, and mortgages constantly.