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Do you think renting our house is a good idea?

Asked by Dutchess_III (46811points) July 23rd, 2011

We have had our house on the market for almost a year, asking $95,000. I’ve been totally against renting just because we all know the horror stories.

But lately I’ve been reconsidering. For one thing, the rent would be $900 a month. Anyone who could afford that would be, one would hope, a little higher class than some kid wanting to rent a place, any place, for $200 or $300.
I would run credit checks and ask for references.

Also, I’ve been hearing that because of the economy more people are renting rather than buying. My realtor thinks he could have someone in in two weeks.

Also, he suggested that in exchange for being the manager of the “rental,” he get 10% of the rent every month. What would be the advantages of having a third party in this situation?

Anyone out there a landlord? What do you guys think?

We owe $69,000.

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