If you have ever owned a rental property, you can probably relate to the title. If you recently began renting out property or managing rental properties, you’ll soon begin to understand. While rental properties can be an excellent source of extra income, as well as being an investment tool, they also provide many challenges. As an income property, you can make extra money collecting rents. However, don’t forget there are also expenses. You are not likely to get rich renting out one unit, as the expenses are often nearly as much as the amount you’ll be able to charge. By … Continue reading →