Quote:
Originally Posted by WhiteTiger
Threads like this are why I never have any intention of renting out to someone. Having just bought a house recently, the Realtor was all interested in pointing out "This house has an illegal suite ready to go!" or "This place could very quickly be converted into a basement suite." until I put my foot down and insisted that we had no interest whatsoever in being landlords. There is no "making tons of money" as a landlord.
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Lots of people make great money as landlords. The real risk is timing not tenants. Landlords today are at far greater risk of losing money through deflation. Fifteen years ago you could have had multiple tenants destroy multiple houses and still made millions.