Author Topic: Should I rent out my house for 6 months ?  (Read 2659 times)

retiredat58

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Should I rent out my house for 6 months ?
« on: February 06, 2016, 12:15:44 PM »
I will be living in another city for 6 months and was considering renting out my home,  or at least a room, during that time. I will be making trips back home approximately once every 6 weeks and would stay overnight. I live within 20 miles of a university and 10 miles from a teaching medical center. If I decide to do this I'd like to rent it to a visiting professor, medical student doing a rotation, or a traveling nurse.

Your thoughts/ideas ?

NinetyFour

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Re: Should I rent out my house for 6 months ?
« Reply #1 on: February 06, 2016, 12:23:37 PM »
Posting to follow, as I might be interested in doing a similar thing at some point.

pbkmaine

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Re: Should I rent out my house for 6 months ?
« Reply #2 on: February 06, 2016, 02:23:20 PM »
If you do this, check references! You also might want to have a property manager, or a good friend to check on things.

arebelspy

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Re: Should I rent out my house for 6 months ?
« Reply #3 on: February 07, 2016, 09:57:17 AM »
Sure, if you're comfortable with it.  You're leaving thousands of dollars on the table to avoid a little hassle, otherwise.  I definitely would.
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wwweb

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Re: Should I rent out my house for 6 months ?
« Reply #4 on: February 07, 2016, 10:47:33 AM »
How would you handle maintenance while you were away? Would you hire a property manager? What happens if you get a visiting professor who calls you every time a light bulb burns out?

I don't think renting out your house is a bad idea, but it has the potential to be a bit of a pain. Is the additional rental income for six months worth the hassle of being a distance landlord?

Retire-Canada

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Re: Should I rent out my house for 6 months ?
« Reply #5 on: February 07, 2016, 12:01:23 PM »
Your thoughts/ideas ?

I have thought of doing this, but the hassles of having to move my stuff out [at least the valuables], insurance/risk issues and trouble of finding/vetting a suitable renter have put me off.

If I could find a friend that needed a place to stay at the same time as I was away I would go that route, but so far that hasn't worked out.

I've  known people who have done this and have heard both good experiences and horror stories..