Being a landlord is, indeed, something that can be beneficial for you financially. So, you can consider that as an idea for your business. However, you need to know that, actually, when renting out your property, there should be special landlord insurance to protect you and your investment. The reason is that the best landlord insurance will be able to help you solve your problems in regard to the property.
Like a homeowner, even when there is one tenant left on your property, you remain responsible for the occupancy of the building. It includes all the parts of your own building, including the garage and fence. So, if there is something bad happen to your property, it is your responsibility to fix it so that the tenant will be able to be comfortable when staying there. With the insurance, then, there is nothing to be worried about you as the landlord as it can be covered by the insurance company.