Being a landlord is not easy, especially in today’s real estate market where a bad renter can cost you more to repair your investment than you were earning. But there is a trend, called home sharing, common in Europe, that is making strides in North America and could change the rental market. If you are semi-retired, single or recently widowed, this is an opportunity that can work for you on many levels. Known as home sharing, the arrangement is basically where two older persons, often … [Read more...]
Rent That Extra Room To Another Senior
Let’s suppose you own a large home. The children have long moved away and you are well into your retirement and want to stay in your home. The only problem is that with those extra rooms, it’s a bit of work and wouldn’t it be easier if you could turn those spaces into something that earned a little money? Well, you can! Probably the easiest way to create some cash flow from those empty rooms is to rent them out. I’m not talking about turning your home into a bed and breakfast, either. I’m … [Read more...]