Thread: Renters?
View Single Post
Old 04-04-2014, 10:36 AM
  #33  
auntpiggylpn
Super Member
 
Join Date: Jun 2011
Location: Michigan. . .FINALLY!!!!
Posts: 6,726
Default

I guess the real question is do you want/need to be done with the house you are selling? Are you selling your house because you are buying a different house? Will you have 2 mortgages to pay if the renters fail to pay rent? Are you in a position to pay taxes on 2 properties? I'm not sure what the real estate market is like in Arizona but we have a home in Indiana and just moved to Michigan in the middle of January. My MIL's apartment lease was up at The end of February so she moved into the house so it wouldn't be sitting empty while we were preparing to put it up for sale; she was hoping she was going to have at least six months she wouldn't have to pay rent. We put the Indiana home on the market March 10 and it sold in 8 days!!! Only you and your husband can determine if hanging on to your house and becoming landlords is in your best interest. Good luck in whatever you decide.
auntpiggylpn is offline