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The Unique Struggles of Being a Young Landlord

Prairie Eco-Thrifter

We rent to my brother, but prior to our current arrangement, we were looking for a tenant for the time period between when the suite was ready, and when my brother was going to move in. It became apparent that there are some unique challenges of being a young landlord. Tenants are More Relaxed – In a Bad Way.

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Should You Buy a House Now?

Prairie Eco-Thrifter

Right now, many people wonder if now is the right time to buy a house. In the United States, where I live, there is interest in buying now, before prices completely recover and while interest rates are near record lows. Here are two things to consider before you buy a home: Why are You Buying the House?

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Save Money on Rent

Prairie Eco-Thrifter

Perhaps it is cheaper for you to rent than to buy. Years ago, we rented a unit in one of two quadruplex buildings owned by our landlord. To save some money, we asked the landlord if we could start a vegetable garden in the area outside our unit. You can save money on rent, I know because we got rent reductions.

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Which Type of Home Should You Buy?

Prairie Eco-Thrifter

Luckily, we were both on the same page as to which type of house we would prefer to buy. It has an income suite, so we live in about 1300 square feet of the house, and our tenant (my brother) lives in the basement suite. We ended up in a 2.5 What type of home do you live in? What are the upsides and pitfalls in your point of view?

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50 Best Small-Business Ideas – NerdWallet

Savings Corner

Or, you could buy property of your own (if you have the business funding, of course) becoming a property manager or landlord, renting out the space to tenants, maintaining the property and serving as their point of contact for any potential issues.