Leasing out your S&B home?
Hello friends! We want to go full time but don't want to give up the S&B yet. It's a nice older home (70's) on a lake just North of Milwaukee. We believe we should be able to get top dollar for a l...
Forum Discussion
Well Skid Row Joe, let me tell you my story. I am a disabled Vietnam Veteran and because of my disability the State of California has allowed me to be exempt of property taxes; in fact the only taxable thing I have is my rental income and I have never owed anything on that. In spite of my very substantial retirement income I am in a low tax bracket.
I refinanced my house a few years ago and my mortgage payment is $300/month on a 3-bedroom, 1.5 bathroom house. It is not my intention to brag, but I really don’t need the rental money as I have 3-tax exempt retirement incomes, social security retirement, the military, and the State of Colorado, where I worked for 20-years, besides the rental income.
I do insure my house because it is prudent to do so, and if a neighbor had a fire in their house and that fire jumped to my house I am covered. Further, my house is in California, a State known for having earthquakes that damage property. I also have a home warranty which covers the air conditioner, hot water heater, washer/dryer, dishwasher, etc.
Technically I started camping back in 1964 when I joined the U.S. Army at the age of 17, and I started RVing in a Volkswagen Van when I got out of the army some 30-years ago. I have a lot of experience on the road and went from traveling around the U.S. in a VW van, to a Ford van, to a Chevy conversion van, to a popup tent trailer, to a small hard-side conventional trailer, and now in a 5th wheel; haven’t tried a Class-A yet.
In short we all have our values and we carry those values with us when we RV. What you’re doing seems to be working for you and what I’m doing definitely works for me. We all have different things at our disposal. You have your friends and neighbors to watch your house and I have my veterans benefits.
As a person retired from the military I can fly for free on military aircraft to anywhere in the world those aircraft may be going. I am planning on putting my RV in storage, hopping on an Air Force plane, and flying to New Zealand, rent an RV there and tour that country for awhile. As a disabled veteran I also get to camp for free at State Parks in California, Oregon, and elsewhere. I also get all of my medical care for free from the VA. So these are some of the things that influenced how I have designed my fulltime RVing lifestyle. Different people have different amenities and resources at their disposal.
I refinanced my house a few years ago and my mortgage payment is $300/month on a 3-bedroom, 1.5 bathroom house. It is not my intention to brag, but I really don’t need the rental money as I have 3-tax exempt retirement incomes, social security retirement, the military, and the State of Colorado, where I worked for 20-years, besides the rental income.
I do insure my house because it is prudent to do so, and if a neighbor had a fire in their house and that fire jumped to my house I am covered. Further, my house is in California, a State known for having earthquakes that damage property. I also have a home warranty which covers the air conditioner, hot water heater, washer/dryer, dishwasher, etc.
Technically I started camping back in 1964 when I joined the U.S. Army at the age of 17, and I started RVing in a Volkswagen Van when I got out of the army some 30-years ago. I have a lot of experience on the road and went from traveling around the U.S. in a VW van, to a Ford van, to a Chevy conversion van, to a popup tent trailer, to a small hard-side conventional trailer, and now in a 5th wheel; haven’t tried a Class-A yet.
In short we all have our values and we carry those values with us when we RV. What you’re doing seems to be working for you and what I’m doing definitely works for me. We all have different things at our disposal. You have your friends and neighbors to watch your house and I have my veterans benefits.
As a person retired from the military I can fly for free on military aircraft to anywhere in the world those aircraft may be going. I am planning on putting my RV in storage, hopping on an Air Force plane, and flying to New Zealand, rent an RV there and tour that country for awhile. As a disabled veteran I also get to camp for free at State Parks in California, Oregon, and elsewhere. I also get all of my medical care for free from the VA. So these are some of the things that influenced how I have designed my fulltime RVing lifestyle. Different people have different amenities and resources at their disposal.
