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Eldercare
Reply to "Do you need a permanent place to live in retirement?"
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[quote=Anonymous]Consider buying a small condo in a building with an elevator, near facilities (shopping, bus routes, etc.) in a state which does not tax retirement or income. Use this as your main legal residence, then rent other places as you choose. If you find a place you like and can work out a deal with the landlord, you can probably go back year after year. Key is to be a good tenant - clean, pay rent on time, don't complain about little things. I currently have seasonal tenants in my condo who are paying less than $50 a day for a waterfront, updated condo with a garage. But they are now getting complacent after so many years and are starting to take advantage and whine about little stuff (like a lizard getting into screen room) despite the fact their rent is far below market value. I'm thinking it's time for new tenants and will have MANY retirees who will be happy to take their place at a higher rent. [/quote]
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