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Rent or Cash Out?

Discussion in 'Money & Finance Forum' started by sadic1, Sep 30, 2005.

  1. gridfaniker

    gridfaniker Loathsome

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    yeah, it's not like there has ever been a renter who's done damage to the place they've rented. you're absolutely assured that this hot chick is gonna leave the place in pristine condition.

    does your neighbor still have the killer dog? if so, I'd be worried about this chick inviting the pooch over for the occasional clam-and-Skippy feast. then you have those unsightly peanut butter stains on the carpet.
     
  2. sadic1

    sadic1 Full Access Member

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    We have found a subject that Coach knows something about! :trophy:

    Still have to factor in potential inconvenience of dealing with a renter, though.
     
  3. chipshot

    chipshot Full Access Member

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    you gotta do something for your investment
     
  4. meatpile

    meatpile 7-9

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    no you don't.
     
  5. chipshot

    chipshot Full Access Member

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    if you want it to be an almost sure fire bet like real estate you do
     
  6. WYDD

    WYDD Everybody dance now.

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    sadic1, you can go through a rental agency that for 10% of rent per month will handle everything as far a problems go. if something breaks, they'll just take that money out of the rent paid to them and give you the rest. i've got a buddy doing that right now and he said it works out pretty good for him.
     
  7. sadic1

    sadic1 Full Access Member

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    I've heard of that, and it does sound pretty good, but it sort of locks you into declaring the income, I'd think.
     
  8. chipshot

    chipshot Full Access Member

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    Don't you have any "friends" who can do this for you?
     
  9. meatpile

    meatpile 7-9

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    Define 'almost sure fire bet'.
     
  10. chipshot

    chipshot Full Access Member

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    Realestate goes up in value if you have half a brain to determine where to purchase. He already stated he wasn't too iterested in other types of investments. I don't see how his land on the outskirts of a growing area can lose value. I'm not going to claim I know squat about investing, but I've never known anyone to lose with this level of involvement.
     

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