DownTheAvenue wrote:
lizzie wrote:
It is always interesting to see how the nay-sayers love to get into bursting somebody's bubble. This is an RV forum. Look for legal advice, information about rental insurance and liability elsewhere. If all of this stuff were true, nobody would ever rent anything, anywhere. Since 1962 we have had rental property of all kinds; apartments, townhouses, single-family dwellings, beach cottages, and seasonals. We consult our CPA, our insurance agent, our attorney, and we are up-to-date on the tax codes that apply to us. We deal with the "emotional" aspects ourselves. This is not rocket science. The OP sounds like a thoughtful person who has sense enough to work through whether or not he wants to rent his home.lizzie
You, my friend, have missed the whole point. The OP posted about renting his personal home where he has and will continue to live. Not an investment property. Actually he will be, in essence, time sharing his personal home with a tenant.
Since this is a RV forum, like you remind us, why are you posting about rental property you have owned?
The OP needs to make an informed decision. It is a viable concept and many successfully do it. But the issues need to be addressed.
X2
A fellow RV'er asked a question.
Preparing for our first winter in AZ......Renting home fully furnished for 6 to 9 months...
Any advice welcome.
Rv'ers who have rented answered and shared their knowledge,experience, and offered their advice.
I for one went into rentals without having anyone advise me of the pitfalls.
All I can say is renting out your home and/or rental property is not for the faint at heart. And especially if it is short term personal home and you plan to return to live in it.
