With a continuing increase in property values across Canada, many people are wondering whether it makes sense to invest in real estate by renting out a residential property. But in this video clip, veteran investment counselor Pat McKeough says you have to recognize that becoming a landlord is not the same as direct investment in real estate. When you become a landlord, you have to ask whether you want a part-time job running a house that you own, renting it out, being responsible for calling the plumber, chasing down tenants that don’t pay, and so on. There’s a lot more to that than many people realize.
This video originally appeared on TSI Network.
Patrick McKeough, host of the TSINetwork.ca investment website, has been a professional investment analyst for more than three decades. He is also a portfolio manager and the editor and publisher of four investment advisories: The Successful Investor, Wall Street Stock Forecaster, Stock Pickers Digest, and Canadian Wealth Advisor. Follow Pat on Twitter and Facebook.
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