Cheap. Entitled. Greedy. Those are just a few things that come to mind when one thinks about a landlord. But have you ever considered becoming one? According to data collected by the Canadian Real Estate Association, the current average cost of a house in Canada is just over $700 thousand dollars. Simultaneously, the cost of renting remains at an all-time high. Buying a house that has a basement unit, or something you can rent out to help cover your mortgage, might seem like an appealing option. But is it really that easy?
Cheap. Entitled. Greedy. Those are just a few things that come to mind when one thinks about a landlord. But have you ever considered becoming one?
According to data collected by the Canadian Real Estate Association, the current average cost of a house in Canada is just over $700 thousand dollars. Simultaneously, the cost of renting remains at an all-time high. Buying a house that has a basement unit, or something you can rent out to help cover your mortgage, might seem like an appealing option. But is it really that easy?
Jordan speaks with Nelda Schulte, a landlord coach and author of "Canadian Landlords Handbook" to find out the hidden reality of rental properties.