12 Rental Property Statistics To Consider If Being A Landlord (Earning Passive Income) Is Right For You • The Dumb Passive Income Blog – Passive Income Article

Imagine that you own a rental property that generates passive income so you only get to work 4 days in a week.

Does it feel good to have a three-day weekend? How will you spend it?

I feel very lucky that I get to work a normal 9-to-5 job as a coach from my van and explore new parts of the country — while also earning passive income through my real estate investments. – Michael Albaum (Rental Property Investor)

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There’s no shortage of success stories of those who’ve invested in rental properties as their source of passive income. Whatever success story you decide to be in, you can start with a few right metrics to keep your eye on the rental property market.

Start with these 12 insights to stay smart and well-informed.

1.) Over 10 Million American Landlords Made Money From Rental Housing

Landlords are a key figure in the US economy. More than 10 million taxpayers reported earning some income from renting out property to others. The IRS figures show that 7.1% of Americans are landlords, with most having an average net income of between $5,000 and $20,000 per year.

Tax returns submitted to the IRS show that more than 10 million people declared part or all of their income is from rental housing.

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2.) There Are 44 Million Renter Households In The…