Renting out your property is a great way to earn some extra income. If you own a condo and you don’t live there for some purpose or you’re not ready to sell it, you can always rent it out to other people. A condo is a home, generally, a part of a bigger building, that has some shared areas including yards, garages, swimming pools, and gyms. All these places are maintained by the landlord’s assistance, rather than by individual condo owners. All these facilities make condos the best place for young families and other people who don’t want to live in a single house. For people who want to rent out their condos, it's very easy and worthwhile to do so. However, renting out a condo has its pros and cons which you should be aware of.