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Should you sell your home or turn it into a rental property?
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- čas přidán 13. 08. 2024
- With mortgages rates climbing above 7%, some sellers are choosing to hold onto their properties and rent them out instead. NBC’s Vicky Nguyen reports for TODAY on what to consider before deciding.
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#economy #homebuyers #rentalproperty
Do not rent,I know people who did and it's a nightmare if you get losers and other scum.
It would probably only make sense to rent if there was a way to protect yourself from people who destroy your property because they can’t be criminally charged for vandalism.
These "pretty" optimistic videos are such lies. The reality is your renters will *not* pay their rent, leaving you having to cover the mortgage. Then something will break - but as a landlady, you are expected to make the house habitable, thereby requiring you to make repairs even when a renter is *not* paying. Before you know it, home owner's insurance and taxes are due. And on, and on, and on ... Owning a rental is never as "clean," clear-cut and passive as it's claimed to be, *not* even when you have a property manager!
Sell at low price so I can get a deal. Just saying 🤷♀️