The landlord experiment only lasted a year
When I had my first baby in 2014, my husband and I decided to rent out our house and move into a cheaper apartment. We expected to make $400 a month above our mortgage payment, but we ended up losing money because our tenants were frequently late on their rent, which meant we couldn't pay our mortgage and got hit with fees. Looking back, I wish I'd done a few things differently — including hiring a property management company and doing a background check on my tenants.
When I had my first baby in 2014, my husband and I decided to rent out our house and move into a cheaper apartment. We expected to make $400 a month above our mortgage payment, but we ended up losing money because our tenants were frequently late on their rent, which meant we couldn't pay our mortgage and got hit with fees. Looking back, I wish I'd done a few things differently — including hiring a property management company and doing a background check on my tenants.
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