If you want to generate wealth, becoming a landlord can be a great option. Rent payments from investment properties generate passive income. You can even use that money to pay off your mortgage, so the rental home can effectively pay for itself.
And, given that roughly one-third of American households rent rather than own, the rental market is already substantial.
Whether landlords do the work themselves or hire others to do it, they are all accountable for completing a long list of tasks.
Here's a quick rundown of the landlord's responsibilities:
Being a landlord might be a tedious task but then, it has its own set of perks. Some of them are: