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To: Responsibility2nd

Was thinking about this as well but I have to check our HOA to see if there is anything to keep us from renting it out. That’s another set of issues as we’ve never managed renters.


19 posted on 02/08/2020 8:59:59 AM PST by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: Mean Daddy

I’d ignore the advice you’re getting here if you’ve never been a landlord before. Run don’t walk away from a piece of rental property! Invest the money in something where you don’t have to play mommy and daddy to idiots. Based on the experience of others I would sell at a loss before putting myself through that.


29 posted on 02/08/2020 9:10:53 AM PST by bigbob (Trust Trump. Trust the Plan.)
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To: Mean Daddy

If you do rent out your home, use a property management company. Mine is terrific. They prescreen the tenants, they collect the rents, they handle maintenance issues and they prepare a W9 at the end of the year for tax purposes. All at a 10% management fee.


31 posted on 02/08/2020 9:13:27 AM PST by Responsibility2nd (Click my screen name for an analysis on how HIllary wins next November.)
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To: Mean Daddy; Responsibility2nd

I would stay away from renting like the plague.

Not worth the aggravation, IMO.


34 posted on 02/08/2020 9:15:08 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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To: Mean Daddy; Responsibility2nd

I would stay away from renting like the plague.

Not worth the aggravation, IMO.

I’d rather sell it outright and invest the money.


36 posted on 02/08/2020 9:15:36 AM PST by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
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To: Mean Daddy

Remember, the taxes will go up because you can’t claim homestead on the rental. Then you have to worry about damages.


51 posted on 02/08/2020 9:29:28 AM PST by bgill
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