Employee & Freelancer Expenses

$151

$252

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Vehicle Expenses

$0

$10,000

Retail Business Expenses

$1,250

$6,650

Advertising & Marketing Costs

$75

$3,986

Software Expenses

$162

$2,720

Office Space Expenses

$0

$100

Specific Industry Expenses

$0

$500

Total Startup Costs

$2,461

$35,923

Cozy

cozy.co

18,584

Landlordology

landlordology.com

139,669

EZ Landlord Forms

ezlandlordforms.com

181,887

Landlord Studio

landlordstudio.com

271,973

MR LANDLORD, rental forms, training, credit checks

mrlandlord.com

469,337

Landlord Tips

landlordtips.com

541,387

LANDLORD PROTECTION AGENCY, Free Rental Forms, Credit Reports

thelpa.com

562,427

LandlordBC

landlordbc.ca

778,942

Landlord v. Tenant

landlordvtenant.com

841,108

LANDLORD

landlord.ua

886,671

Section 8 Housing Listings

hellosection8.com

1,092,460

Little startup costs required

The cost to start a landlord costs significantly less money than most businesses, ranging anywhere from 62 to 35,923.

Rewarding work

Starting a landlord can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Landlordes have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Control of workload

With becoming a landlord, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.

Gain exposure and experience

This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Longer Sales Process

A landlord can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a landlord, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a landlord, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Taxes

As a landlord, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a landlord, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.