Becoming a Landlord: What Are The Disadvantages?

The reason why most people don’t invest in real estate and then rent it out is due to the fact that they might’ve have heard about all the disadvantages that are attached to being a landlord. Although there are lots of reasons why you shouldn’t try to become a landlord, you must also bear in mind that most of what you hear are many of the things that you hear are strongly amplified.

One of the biggest downfalls of becoming a landlord is that you’ll be responsible for the maintenance of all of the units that you decide to rent out. This might be a large problem if you are renting an older property, which is barely passing code. But the finest way to stay away from this is by only investing in properties that won’t cause you a lot of problems. Although you can’t avoid every issue that arises, you can at least reduce them by renting out a high quality property that won’t require often fixing.

Another disadvantage to becoming a landlord is that many people are afraid of not getting paid in time. Don’t forget that a lot of landlord rely on incoming rent checks in order to get by each month. If they don’t show up on time, or worse if they don’t show up at all, you will be in a bad situation. Along with this, becoming a landlord also entails that you will have to turn into a collector.

This implies that at anytime somebody is late with their rent, you will need to find them and keep contacting them to try and get the money that is owed to you. Sometimes this will be as easy as a phone call, but in other cases it may take you weeks or even months to get your due.

Being a landlord also means that you are responsible for your tenant’s safety. This doesn’t mean that you have to watch what they do 24/7, but it does mean that you will be responsible if an accident occurs due to negligence on your part. This is the reason why it is essential to have good knowledge of what you need to do as a landlord, and follow the rules exactly as they are outlined.

There are many drawbacks to becoming a landlord; which have never been debated. However, a lot of the myths that surround this industry make the landlord function more complicated than it really seems.

The best thing you should do if you want to become a landlord is to have knowledge of what you are getting yourself into. This can be done by researching the industry, and talking to others informed people.


Wendy Pritchard is a contributing editor at RealEstatePropertyArticles.com. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.

Vacation Rental Properties Investments

Owning vacation rental properties can offer you many benefits. If you are looking to make some money and have never looked into this possibility, you should do so right away, because the benefits that go along with owning vacation rental properties are absolutely great. Of course, like in any other investment there will be some drawbacks, but all in all you should be able to profit a great deal from owning one of these properties.

Before you get started however, you will need to ensure that you are conscious of all the details that go into it. If you aren’t aware, you may end up making mistakes and being disappointed in your investment. So, read on…

One of the biggest benefits of owning vacation rental properties is that you will always have somewhere to go to when you need some time off. Not only will you have a place to go to but it will be just like your home, as you do own it! This method can also work out to your advantage if you like to go on holiday a lot.

So rather than spending money on every vacation renting out property, why not buy one so that you can be in total control? Many people don’t think about buying vacation rental properties, and continually keep on spending money that they need not waste. Now, you have a choice to not let this happen to you too.

Another advantage to owning vacation rental properties is that they can be a source of income when you are not using them. Of course, when you are occupying the property no money can be made. But when you are not using your vacation rental property you don’t have to let it stay vacant. As an alternative, you can rent it out to some other vacationers who might be visiting the area.

This extra income could help you pay the mortgage on the house, or if you already own the property it will just be pure profits in your pocket! Isn’t that fantastic?

However, one of the downfalls to vacation rental properties is the upkeep. This is very important, and therefore, many people that own vacation rental properties hire someone to maintain the property in their place. This is usually the easiest alternative for owners who don’t live near the property itself.

Buying vacation rental properties can benefit you in more than one way. It can be a good way for you to get involved with real estate, but before you start make sure you inform yourself about all the advantages and disadvantages that go along with it.


Wendy Pritchard is a contributing editor at RealEstatePropertyArticles.com. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.