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Wednesday, November 2, 2011

Landlord Nation: Pros & Cons Explained

By Freddie Taylor

According to Merriam-Webster's online dictionary, a ”Landlord” is the owner of property (i.e., land, houses, or apartments) that are leased or rented to another. The term “landlord” is from feudalism, the system of political organization with strict division into social classes and a formalized landholding system. Under feudalism, Overlords granted use and protection to the user of the land. It is this concept of the Overlord that mirrors that of the modern day landlord.

Today, landlords own assets such as real estate, while passively achieving the

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