eviction: OH, I'll Just Rent it Out if I Don't Get My Price! Bad Idea?
- 12/29/16 06:43 AM
Many seller's who have been unsuccessful with selling their home, decide to rent. They see renting as a better option then doing a price reduction. For some this may be a good idea, but for most--not so much! Why? Well below are some questions to ask before deciding to move in that direction. 1. What happens if the tenant stops paying the rent? 2. Do you have an eviction attorney? 3. How much will your homeowners insurance premiums increase because of the liability of a non-owner occupant? 4. Will you allow pets? 5. How will you collect the rent? Mail? In person? Paypal? 6. Will you be … (2 comments)
Many seller's who have been unsuccessful with selling their home, decide to rent. They see renting as a better option then doing a price reduction. For some this may be a good idea, but for most--not so much! Why? Well below are some questions to ask before deciding to move in that direction.
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