How to Determine if You Are Ready to Become a Landlord
The rental market is a valuable market to tap into, especially as it seems to be showing no signs of slowing down. Based on data from World Atlas, more and more people in the world are renting. In countries like Switzerland, Hong Kong, and Germany, around half of the whole population are renters.
That said, being a landlord may be lucrative but it also comes with a slew of responsibilities and long-term considerations. If you are investing in properties for the sole purpose of leasing them out, you would become both a property manager and a landlord. Before you take the plunge, there are a few questions you should ask yourself.