Were definately going with an agency...its worth it since the house is in nc and well be in nova
On Aug 30, 2011 3:13 PM, "Sam" <[email protected]> wrote: > > $6000 a year to own a house that's only $15k underwater? I'd keep it, > unless you're in Detroit. Get a management company to run it for you, > it's like an extra $100 a month that's used for repairs. Most rentals > now come with a $100 + deductible on repairs meaning the tenant pays > the first $100 for all repairs. That leaves them fixing all the minor > crap. > > If you live near by it's even better because you can keep an eye on it > and supervise improvements. Important thing to watch is the landscape, > if they let that go it'll kill the value. > > . > > On Mon, Aug 29, 2011 at 11:05 PM, Scott Stewart > <[email protected]> wrote: >> >> We're debating what to do with our house in Raleigh. The mortgage is >> upside down to the tune of about 15k. Our options are short selling and >> blowing up our credit for about two years or becoming landlords and >> renting the place until the economy imporves. >> >> If we rent, it'll cover the vast majority of the mortgage, leaving us on >> the hook for about $500 a month, according to the rental agencies we'ev >> talked to. >> >> Who's a landlord right now? What are the big gotchas, and were you able >> to buy another house while renting the current one? >> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:342131 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
