A recent WSJ article highlights a little advertised but widely known gem in the landlording community - retiring as a landlord in a multi-unit building.
Many retirees are seeing this as an alternative to full-time retirement AND a way to hedge their retirement income with net cash flow that does not effect their social security retirement benefits AND providing a FREE place to live.
Finding the right building may take some time and the type of unit the landlord/owner will occupy is a major consideration in addition to the building's cash flow and need to routine maintenance. Some new landlord owners may have the ability to change light bulbs but not be able to deal with unit re-habs, yard maintenance or complicated HVAC issues, these duties are easily handled by good service personnel or other area landlords on a trade-out basis.
Joining a local landlord association for education and knowledge may not be some retirees answer to their "Golden Years"; however, the benefits may far outreach the drawbacks if retirement income can be maximized and benefits not reduced.
http://online.wsj.com/article/SB10001424052702304451504576394083152168562.html?KEYWORDS=landlord
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