 How can you force the seller of the house out if they are not willing to move out on the agreed closing date? |
| We have a contract stating the closing date is June 28th. Now they say they can not move out until July 20th. We chose the 28th to accomodate them already. We will be staying with a friend in his ... |
|
 Is section 8 a degrading thing? |
Additional Details
I'm not on the program.. But my boyfriends mom is.. I see she lives in a ghetto type apartment complex. I think it's not so good. But it keeps many people ... |
|
 My 12 mo lease expires 07/3108? |
| I signed a new six month lease that goes into effect 08/01. I have since found a house, and have told the complex that I want the lease back and want to go month to month. They say no.... |
|
 Can my landlord go into my bedroom? |
| I received notification that my landlord was going to enter my apartment to change the filter in the furnace. I found out they went into my bedroom when their letter never notified me that they ... |
|
 Divorced mom if I die ex gets son but how do I leave my house to my son if there is a mortgage? he is only 16? |
| My son is slightly mentally disabled . I am going for risky surgery and If I dont make it my ex gets my son. I would like to leave my son the house but it has a mortgage and I dont think my death ... |
|
 What to consider when buying a house? |
| I would just like a basic list of things to consider when thinking about buying a house. My boyfriend and I and his 4 year old daughter need a bigger place..we're currently living in a sardine ... |
|
 Can you sue a realtor for bad advice and withholding information? |
| After months of not selling our property, we decided to rent it. As soon as we did, we told our realtor that we would no longer need his services. Mysteriously, an offer for full asking popped up ... |
|
 Is Now The Right Time To Sell My House Or Should I Wait till After Xmas?? |
| I am considering selling my house, should i do it now or should i wait untill after xmas??... |
|
 Should we move out of our house when we try to sell it? |
| We have tried to sel our house once when the market was good. WE hired a painter to paint the walls a nuetral color and we got our carpets cleaned and we rented a storege unit to store all of our ... |
|
 Can we withhold our last 2 months of rent? |
| Our land lord is a very difficult and hostile person. I don't trust her to return our security deposit. Can we withhold our last 2 months of rent which would be the same as the security deposit.... |
|
 I'm 19 years old, Should I buy a House or a Condo? |
| I need some advice on whether to buy a house or a condo....I want to own my own place and I have the money to do so, I won the Pick 6 NJ Lottery Jackpot!! (i really did) Anyway, I need your advice on ... |
|
 What do you do when you can't afford your house? |
| I'm thinking of selling my house and renting for a while. I won't make much from it, since I've only lived here for 2 years. I'm hoping to make about 5-10,000. Would it be ... |
|
 Why would a man buy a house if he was single? |
Additional Details
it's "not" obvious cris. Plus I'm a real estate agent but I see no reason why a single person feels they have to buy, and I see renting just as ... |
|
|  |
Natalie | What is better - Renting out or selling your home? |
I love my home but need to get a bigger house. We thought about renting it out. Does anyone know how to go about this or would it be better to just sell it?
We want to try and make some money out of it if we can.
Any thoughts? Thanks |
 |
 
rlloydevans
 |
It depends on what you wnat to and are able to do.
For long term financial gain, renting is by far the better option. Property investment is by far the best way to develop your financial future. You retain ownership, the renter pays all or most of the expenses, you continue to get tax deductions off the rental property, as years go by the rent will increase giving you a rising monthly income while property values will also increase, giving you a much greater asset.
There are a couple of issues that are important though that could make this a bad choice for many people. Number one is will you originally get enough rent to pay the mortgage and expenses. if you do, it is a much easier situation, but if you can't, there may be 1-2 years where you must pay a little every month out of your pocket to cover the difference between rent and mortgage. Many people can't do this. Fortunately, most homes can be rented out to at least cover expenses.
There will have to be management, and this is no easy thing. You would either have to deal with being a landlord and dealing with renters, and hundreds of books have been written on that subject. Are you willing to be called in the middle of the night because of a stopped toilet? Or you can hire a management company, A management company will take 10-15% of the rental income in fees which cuts into your monthly income, but maybe worth it if you only deal with property questions monthly instead of daily.
I have owned rental properties, both as a landlord who handled his own as well as having a management company take care of the properties. it was quite profitable, and if it hadn't been for a divorce that came along, I would still be doing it. With the glut of homes on the market now, I am planning on re-entering the market.
The decision depends on you. Being a landlord is a hands on investment. you have to deal with people, some of who are great, some of who think all landlords are scum, when in reality you are just a business person trying to provide an extremely important service. If you have the right temperament, it will be the best thing you ever did for your family's security. If you don't, it will be hell.
Good luck |
|
newmexicorealestateforms
 |
I don't like renting out principal residences by my clients/customers because of the work involved and the potential damages that can be incurred, but that is only my opinion. If you can't sell your home you might want to consider a rent to own program, that would at least add pride of homeownership to the potential purchasers that a renter does not have.
Best of luck to you |
|
shell
 |
you would be better off selling it |
|
Sanchez
 |
Depends what your immediate needs. If you are financially able to move to antoher house immediately and rent out your current property then you should probably do it as a long term investment. You can make money off rentals before deciding to sell, maximising the income from that property.
However, if the ability to get a new property (more expensive due to size I presume) hinges upon the sale of your current property, well, it's a no-brainer :p
As for how to go about renting it out, you ca get in touch with a local letting agent or you can do it privately. |
|
blood fighter
|
well if you rent it out it can help you make your new house payments but on the other hand if the people you rent to mess the place up or need something replaced or fixed it is your job to get it done .... if it was me i would sell it will be alot less stressfull in the end....good luck |
|
Allie wishes
 |
Sell it. You never know what types of people you will rent it to. They might destroy your property or not pay you on time. It is very tough to get renters out if they are the wrong type of people. You don't want the headache - trust me. |
|
Jeanelle
|
Renting is better if you can afford to pay the mortgage if your tenants screw you over. Selling is a good way to get cash in your hand and not worry about the property anymore. |
|
emiss
|
SELL FOR SURE
Experienced rogue tenants |
|
Expert Realtor
|
Better selling...you are assuming that someone would take care of it just as much as you would.
I have rental properties, but when I purchased them, I had a rental property in mind, and they are less expensive homes that I purchased mostly at foreclosure sales. So far I have had pretty good luck.
On the flip side I had a friend of mine whose tenant ruined $8,000 worth of hardwood floors because she cleaned them with Swifer Wet-jet and it stripped them. Yeah, she sued, but do you think she actually SAW any money from them? Nope. |
|
L
 |
you could sell now and invest the cash in your new property, or rent it out (maybe a good option as house prices seem to be continually rising). If renting, you can let it out privately by putting an advert in the paper etc. or use a letting agency - they will charge you a little extra for their services, but you will have a guarenteed rent even if it is unoccupied. |
|
xenobyte72
|
My advice would be to rent it out, it will always increase in price and be an asset.
Renting will be a huge responsibility but so too are the returns.
If you worry about it being damaged by tenants have it managed by an estate management company.
I would recommend also, converting it to office space. You won't have to worry about damage from little kids or animals. |
|
wranglerdave27
|
i'm a realestate invester i own lyon reality WWW.golyon.com
no dont sale it rent it the housing market is really bad and you could make real money over the long term renting your house out just check the rental market in your area to decide how much rent you need to charge to help cover a mortage if you have one on the house you r renting out and repairs always put 25%of earned income in a account for repare down the road |
|
Martha Y
|
renting will bring you a little Income but you have to be real careful not every body will take care the property like you do- and you need for the renter to sign a contract and please make sure they pay first month and last month rent plus deposit and if they bring a Pet they have to pay a Pet deposit wish is not returnable |
|
katycorkarooney
|
better selling...too much responsibility in renting.
Can work out for the good as a nice little earner but then again you are liable for maintainence/fixing problems i.e electrics/boilers etc and could just aswell go the other way and turn into a nightmare.
If you want to rent it out try the free sites online...google rent out your home/let your home free adverts
put it on fish4homes
go to letting Agents i.e Dacres although theyre quite expensive and can be a pain in the backside to have that "middle man"
You could try putting a private Let ad in the Local newspaper classifieds.
Good Luck whichever you decide to do but Id just suggest selling,less hassle all round. |
|
diagonal57
|
Other option is to keep it but don't rent it out,
in the UK it's value will grow at between 5% and 10% per year (£150K house + £12000 per an.)
If you don't rent it but just keep it empty you loose the rental income maybe £8000 per an but you don't have the annual overheads and hastle of tenants, Some areas of the UK have 40% of the appartments empty. Salford Quays for eg. If you sell it and invest the money you will be lucky to get 7% on your investment. |
|
honey
 |
Why not try renting it out on a short lease first ie 6 months.Then if find you don't like being a landlady,you can sell. |
|
pureinsomniac
|
if it is your pride and joy sell , you will get a return renting , but the hassle is really to big to worry about it , unless you want to keep an asset , rent a run down place , which is 50/50 loved , because if you get a tenant (and they are hard to pick) who ruins the join you will be left with you head in your hands |
|
Juliet
|
If you can afford to have two properties, and don't mind the obligation of having a rental, go for it. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
17 | 19 minutes(s) ago
| | | |
16 | 53 minutes(s) ago
| | | |
16 | 3 hour(s) ago
| | | |
16 | 5 hour(s) ago
| | | |
16 | 9 hour(s) ago
| | | |
17 | 10 hour(s) ago
| | | |
16 | 2 day(s) ago
| | | |
16 | 4 day(s) ago
| | | |
16 | 5 day(s) ago
| | | |
16 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
