We have a lot of friends and family who are serious house flippers and landlords. And they ALL have their scary stores which sway me to not even consider renting. A lot of people don’t pay and you more than likely can’t get your money if they don’t. Where I live, you also are not allowed to kick people out (this is probably similar to a lot of places, but I don’t know).
Anyways, if we did rent, there is the potential that we could make a nice profit. We’ve thought about staying in our house for awhile, but we decided that we want more land. We live on less than 1 acre right now, and we both want more once we both have higher incomes. We don’t plan on renting or buying a new house for at least 5 years, as we’ve only lived in our current house for about 2 years.
What are your experiences with renters and rentals?
Subscribe to get the free Master Your Money course!
Join the free email course and finally learn how to manage your money better, pay off debt, save more money, and reach financial freedom. Get our newsletter and get access to the freebie: