The Financial Truth About Being a Landlord

The Financial Truth About Being a Landlord

NEW YORK (MainStreet) — When Sarah Uzzin bought a two-family home in Howard Beach for $450,000 four years ago, she decided to rent out the top floor to help pay the $2,000 monthly mortgage.

Some 39% of prospective homebuyers nationwide plan to become first time landlords, according to RedFin, but many like Uzzin, find this seemingly positive arrangement to be a Pandora's box.