Current Events > I'm moving down south, should I rent my house out or just sell?

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BignutzisBack
08/22/21 11:26:25 AM
#1:


My home is in Minnesota and I plan on moving to Florida, might be a headache renting it out from that far away.

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The Trent
08/22/21 11:27:21 AM
#2:


Sell, you don't want to get stuck with some shitbag renter

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YoungMan
08/22/21 11:28:26 AM
#3:


Why do you live in places with such high costs of living

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Solid Snake07
08/22/21 11:30:14 AM
#4:


I'd sell if you can get a good price for it unless you have a good reason to hold onto it. And since most markets are flying high chances of that are pretty good.

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"People incapable of guilt usually do have a good time"
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misterbum
08/22/21 11:31:59 AM
#5:


Can you get a property manager to handle the property and rent it out for you?

If so and the rent will cover all your expenses comfortably, do that.

Unless youre sitting on a bunch of equity and just want to cash out, then no harm in doing that either. Long term though, renting it out will usually be the more profitable option.

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Sariana21
08/22/21 11:32:50 AM
#6:


If you rent it out, people here will call you a leech.

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The Trent
08/22/21 11:33:27 AM
#7:


Sariana21 posted...
If you rent it out, people here will call you a leech.

OH NO! that sounds terrible

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i swear to God most of y'all cats just don't know The Trent
you barely know yourself so i guess most of y'all should be offended
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Sariana21
08/22/21 11:37:01 AM
#8:


The Trent posted...
OH NO! that sounds terrible
OH NO! Dont be a landlord!

(We rent out our other house. I hate dealing with it, but my husband wants to hold onto it.)

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Sari, Mom to DS (07/04) and DD (01/08); Pronouns: she/her/hers
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Jiek_Fafn
08/22/21 11:48:22 AM
#9:


In this market, selling is super easy and profitable. If you're going to sell and invest that money somewhere else, now is a very good time to do so. People will just throw more than asking price at you, forego inspection and not require you to put an extra dime into it.

Them just put that money into something else that takes zero effort and is more liquid.

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The Trent
08/22/21 11:50:53 AM
#10:


Sariana21 posted...
OH NO! Dont be a landlord!

(We rent out our other house. I hate dealing with it, but my husband wants to hold onto it.)

Wow wait until the very stable geniuses of CE hear about this

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i swear to God most of y'all cats just don't know The Trent
you barely know yourself so i guess most of y'all should be offended
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