Firstofall, finding a tenantisnoteasyasitmightappear, butyouwillstillbepayingformaintenance, secondly, takencareof a propertyisnotcheap, thingsgetoldandbreakdownunexpectedproblemsthatareoutsideyourcontrolalwayscomeuporyourtenantsmightcomeacrossanemergencyandyouhavetofind a newtenantsagain.
Alwayskeepinmindthatinthebeginningitisgoingtobelikethat, itisgoingtobe a parttimejobmaybeover a longperiod, youmightlearnhowtoautomatemostofthethings, butitwillalwaysrequireyourattention.
Therearemultipleresourcesontheinternetthathavemadetheprotestsofcreating a websiteeasy, simpleandfastandthenitcost 5 to $10 atbest $5 a monthis $60 a year.
Soanyrevenueyoureceivefromyourblogorchannelorevenrealestateshouldbemoreofanextraincomeyouinvestbackintothatbusinessorin a morestableassetssuchasindexfundsoratleastpartofit.
Eachextrasourceofincomemeansyouhavetodedicatemoretimetoeatmoreresourcesandmorestresswhilewhenyouareexpandingyourexistingsourceofincomeitrequires a littleextratime.