Renting out a portion of your home or another property can be a great way to earn extra income. If you secure good tenants, landlording can reap large rewards such as more financial security or the ability to pay off a mortgage faster. If you are retired, it is also a good way to supplement your retirement income.
Do you have an unused suite available in your home? If so, you may have looked at renting out that extra space in order to help to generate income.