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by baskinator 451 days ago
I'd love to rent out my current home but I hear horror stories of how hard it is to evict non paying tenants in my town. The big players are diversified and can eat the cost but an owner landlord with one property can be bankrupted by a bad tenant.

It's a regulatory moat as much as it is tenant protections.
1 comments
worik 451 days ago
> I'd love to rent out my current home

Sell it

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baskinator 451 days ago
It would be nice to have some cash flow positive investment income. The mortgage payment is low compared to the rent it would bring in.

I'll probably end up selling it. Then it will get torn down and replaced with 4-6 units at US $800k+ each. It's hard to walk away from $4.8 million in development potential. I would be lucky to clear $900k selling it.

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obscurette 449 days ago
In place where I live I'm afraid to sell any real estate. We have a law that a seller is responsible for any hidden defects buyer will discover up to three years after the deal. We have seen bankruptcies etc because of that.
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