Realestate
- JGibbs
- Offline
- Junior Member
- Posts: 167
Replied by JGibbs on topic from my experience in real
If that happens frequently it could be the area you're in or maybe you're not asking for a high enough deposit. I can't imagine dealing with that. My big fear would be someone getting hurt on the property and suing me as the rental owner.Joker wrote: I've had rentals and they are a pain if you ask me. Renters tend to not give a d.... what they do to your house. I don't care how many rules and regs you have for them to sign. Be sure you take photos of before and after for the judge in case you have to sue. I had to get rid of them all.
- Lexie
- Offline
- Junior Member
- Posts: 241
Replied by Lexie on topic from my experience in real
- Joker
- Offline
- Junior Member
- Posts: 169
Replied by Joker on topic from my experience in real
- Moneyes
- Offline
- Junior Member
- Posts: 261
Replied by Moneyes on topic from my experience in real
FrugalFran wrote: Because we move and travel so much, both places are rentals and we aren't at liberty to sublet either one of them.
That gives me another idea. One that I'm sure many people do. Sell your properties and use the proceeds to buy a fully functional motor home. You travel a lot, you need a place to call home........Bada Bing, Bada Boom.
Just a thought.
- Wanderer
- Offline
- Moderator
- Posts: 1265
Replied by Wanderer on topic from my experience in real
- FrugalFran
- Offline
- Finance Leader
- Posts: 364
Replied by FrugalFran on topic from my experience in real
- Moneyes
- Offline
- Junior Member
- Posts: 261
Replied by Moneyes on topic from my experience in real
Lexie wrote: The only challenge in renting you primary home would be the condition of the home when you returned. Now, if you knew the renters, that would be different. You need someone to treat it like you would and they are hard to find. I speak from experience. Financially though, it is a sound idea.
That's true, but the whole point is that you would not return. The only thing you would be leaving behind is the house itself which you are selling. Rental contracts can have all sorts of addendums as long as they are legal. Simply state that the real estate agent will have a key, do not change the lock the key fits into, the agent will notify you one week prior to visiting for the purpose of checking on the inside condition of the house, and give a 48 hour notice before showing the house. Keep the house on a month to month contract.
- Lexie
- Offline
- Junior Member
- Posts: 241
Replied by Lexie on topic from my experience in real
- Moneyes
- Offline
- Junior Member
- Posts: 261
Replied by Moneyes on topic from my experience in real
FrankN wrote: FRUGALFRAN, have you considered moving to OHIO and renting your PA place until your husband's job is over?
Now there's a good idea. The PA rent could cover the Ohio rent so you would be essentially living rent free if both rents are comparable. Actually, if you rent an apartment in Ohio while renting out a house in PA, you might actually make money on the deal.
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic from my experience in real
- FrugalFran
- Offline
- Finance Leader
- Posts: 364
Replied by FrugalFran on topic from my experience in real
- Goldbug
- Offline
- Junior Member
- Posts: 103
Replied by Goldbug on topic from my experience in real
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic from my experience in real
- Moneyes
- Offline
- Junior Member
- Posts: 261
Replied by Moneyes on topic from my experience in real
- Breakinger
- Offline
- Junior Member
- Posts: 217