After Mark and Melissa Reichert moved from California to Dallas, the couple put their home in the Los Angeles suburbs up for sale this summer. Yet even after they cut the asking price by $10,000, there was hardly any interest.
Instead, they decided to rent out the house. Their monthly payout now covers their ownership costs. If the , they would likely keep the home as a rental once the current two-year lease expires, Mr. Reichert said.
Maybe because not every American wants to live in their only home maybe with kids if they have with some random ass person living with them
Home sellers as in companies who engage in this business and not individuals screwing around with a second property?
More supply of rental properties - lower rents - worse ROI on leasing out - selling the property
should help bring rent down
Anyone ever have a bad tenant?
It's a great way to cover costs. Create an LLC. Put the property into the LLC and take advantage of depreciation to shield income and protect any other assets you have. Yes, it's work. But there's real value there. Just don't be a shitty landlord! Please!