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Become a landlord?! In This Economy?!
Manage episode 432639505 series 3591220
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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.
Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at hello@itepod.ca. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch.
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