You may have heard that there are several ways to make money in real estate. Making profits from property flipping (admittedly harder to do today). Earning huge upside upon an en bloc sale of your estate. And renting out your unit – which, coincidentally, happens to be our hot topic of the day. John Stuart Mill, 19th-century philosopher and economist, once said this:

Well, costs of living may have been far less expensive back in the 19th-century, but you can bet on one thing – there’s always a way to make some money as a landlord. That said, there are also a number of pitfalls that often make renting a unit out much harder than it actually should/could be. In this piece, we explore the advantages and disadvantages of renting out a unit, as well as our top 10 tips for a (relatively) hassle-free experience. Let’s dive into it! Advantages of Renting out Rental Income...