Comments on: Should You Try Renting Your Home to Make Extra Money?

By: Kayla Sloan

Kayla Sloan — Fri, 31 Mar 2017 18:34:57 +0000

In reply to David @ Let's Automate Your Life. I'm sure that's definitely true!

By: David @ Let's Automate Your Life

David @ Let's Automate Your Life — Fri, 31 Mar 2017 16:52:11 +0000

Great article! I’ve done this for years and it is hard. Very hard. If you enjoy it and are willing to put in the time, you can make money money. It’s not easy money though.

By: Kayla Sloan

Kayla Sloan — Thu, 30 Mar 2017 13:30:55 +0000

In reply to Adriana @MoneyJourney. I haven't always liked having roommates either, but at least my roomie now is my brother, so we already know each other's weird habits, haha. :)

By: Adriana @MoneyJourney

Adriana @MoneyJourney — Thu, 30 Mar 2017 07:47:14 +0000

I’ve had roommates in the past and I can honestly say I didn’t like the experience 😀 It’s not that bad, overall, I’m just the kind of person who prefers peace, quiet and lots of privacy!

However, renting your entire property to someone can turn out to be quite a profitable deal!

My parents rented our old apartment for years when we moved to a different neighborhood. They refused to sell the old place, so they became landlords instead. We didn’t have any debt (that I know of) but I remember our usual summer family vacation suddenly turned into 2 summer trips!

Of course, renting didn’t come without problems, there were times when we couldn’t find tenants for months, there was a time one tenant decided to move, but left a lot of damage behind, etc. But all in all, if you can put up with certain problems, becoming a landlord to make extra money is a great idea!