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.
Related: What You Need To Know About Renting A Room In Your House
What are your experiences with renters and rentals?