Prairie Eco-Thrifter

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The Unique Struggles of Being a Young Landlord

Prairie Eco-Thrifter

It became apparent that there are some unique challenges of being a young landlord. As a result, things were broken and damaged more often; the tenants seemed to think that because the landlords were young, they didn’t care about their belongings and their investment. Tenants are More Relaxed – In a Bad Way.

Landlord 196
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Save Money on Rent

Prairie Eco-Thrifter

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. The landlord also let me pick some of the seeded concord grapes growing up the hill. Here’s how we saved money on rent.

Rent 185
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Why You Should Be Collecting Rainwater

Prairie Eco-Thrifter

Since water and snow falls from the sky for free, my landlord made it so that after it lands on the roof it then runs down some pipes into the ground, providing more than enough to water the trees and plants without using any municipal water.

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Should You Buy a House Now?

Prairie Eco-Thrifter

If you have the temperament to become a landlord, you can purchase the home and then rent it out, earning money each month. It’s much easier for some to repose their faith in a piece of property they can touch. Others want to buy a house as an income property.

Buy 217
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Selling Your Investment Property?

Prairie Eco-Thrifter

Not everyone is cut out to be a landlord or landlady. However, we have not been able to claim that loss due to the overly complex and landlord unfriendly income tax laws we now have. If your relationship with that investment property has soured, maybe it is time to sell. Can we use this loss to reduce our capital gain on the sale?

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Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

Just think – when the pipe breaks, you just call your landlord and you don’t have to deal with (or pay for it) yourself. Furthermore, not everyone wants or knows how to maintain a property. Many people prefer to rent in order to have the benefits of a house without the risk of ownership.

Home 186
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Life Tips from Dad

Prairie Eco-Thrifter

Financially, he moved from working for a living to becoming a landlord and property flipper to eventually trading in the stock market. Share what you know. Even when I was a young adult with a family of my own, my Dad continued to share knowledge with me.

Radios 162