Some homeowners who can’t sell at the price they want are choosing to rent their homes instead, and quickly find that being a landlord comes with real operational and legal responsibilities. It highlights the risks people don’t always think through upfront, including tenant issues and property damage, as well as liability exposure, especially when rental income barely covers costs.
Neil Brooks, NewDay USA spokesperson, discussed why many homeowners underestimate the responsibilities and liabilities that come with renting out a property, and why it’s important to think through worst-case scenarios before deciding to become a landlord.
