Monday, November 8, 2010
I need your feedback!
Well, its been a while. I know. I didn't think you guys wanted an update on no changes. So instead of boring you with my networking and job hunting, I have a question. We haven't had too much luck on our house, I truly believe it has more to do with out of season than the state of the house. So now what? Stay in T-town until I get a job and see my beau on the weekend? Rent the house? Anyone else have experience with this? What did you do? Any thoughts even if you haven't been through it? I've made my own positive and negative list about being a landlord. Have any items that you think I should consider?
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4 comments:
Hi Blaze...
I think renting is a good option. Houses in our neighborhood are being RENTED up as soon as they hit the market. But houses aren't selling. I think being a landlord would be a PAIN but it would allow you to move...
Mere
What about a group that could manage your house for you? I dont know anything about it, but I know when I was looking to rent, I looked at Chinowth and Cohen and margaret tucker and a few other places that manage the properties and are good at it. I mean, you would still be a landlord, but you wouldnt have to handle all the crap on your own. plumbing issue? you just get billed? Break in? They take care of it but obviously ask for your approvals. I know NOTHING of the details, so this could be a sham, but worth investigating. I think if you have the right tenants, being a landlord wouldnt be so bad maybe.. (Take this from someone who has never bought, sold, or managed a house...haha..) *shrugs*
Rent! I'm not sure how much of a pain it would be to landlord it up. It probably depends on how awesome your tenants are.
Check out legalzoom.com for rent applications , contracts, and advice. Remember all of the work you'll have to do to pick good tenants (background and credit checks, references, etc.). Outsourcing the management is probably worth it (repairs, cutting grass, etc.).
You might have to plan on renting for a while (years). But, this has the potential to be an sweet investment. Good luck!
We need an update lady!!
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