I am moving out of state in a month and need to rent my house. I thought about selling it but I would be walking away with no money and no house. What options are avaiable. I am also 1 month behind on my payments.
2007-07-26 02:37:22 · 3 answers · asked by babee864 1 in Business & Finance ➔ Renting & Real Estate
First get that late payment made. There are realestate rental agencies. You might interview several to see who gives the best deal. They do everything for you, find the renters, collect the rent, arrange for repairs if needed. Of course they do this for a fee. Your goal is be able to rent it high enough to make the mortgage payments and cover the management fees.pp
2007-07-26 02:57:20 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
First of all, you need to make the late payment as soon as you can, before you get behind again & ruin your credit. I live in S.C. also & in my area, if the rental houses are in good condition & in a good neighborhood, onwers can charge a good amount of rent. If you are having a problem making the payments, perhaps you'd be better off to sell your home before you get behind on it. When renting out your home, you are responsible for all major repairs, etc. Can you afford them?
2007-07-26 02:47:22 · answer #2 · answered by Shortstuff13 7 · 0⤊ 0⤋
Hi where is SC..? I am be able to assist you.
2007-07-26 15:22:35 · answer #3 · answered by ness 1 · 0⤊ 0⤋