Quote:
Originally Posted by slapass
I have hundreds of rental units. Don't do it. A) dont rent for just six months on a nice house. B) 10% of the gross is huge in rental housing. And in that price range you are not getting a huge rent as % of the value.
Also anyone paying that much should have a good job, decent credit and references. The rent should not be difficult to get.
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Good point -- single family homes are not that easy to rent out in many cases -- commercial or industrial property being much harder to lease. Vacancy time is costly. If anything a short term rental should cost more as you will have vacancy time until you are able to rent or lease that property again.
I think the problem here is that people are responding to a real property question like it is a disposable or short term personal property transaction; with a useful life of a less than 12 month to few years at most.
If you churn your tenants in less than 6 months you have a real problem. Is it a problem property to rent -- then is is worth considering.