Reply to Sell vs rent: could clear $700/month

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Reply to "Sell vs rent: could clear $700/month"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
I think renting a condo is much safer than renting a house, in terms of potential costs and problems. [/quote]

Agreed. I have a rental house and a rental condo. The house just has a lot more things can go wrong, which are my responsibility.[/quote]

Not the case for us.  We have a condo and a rowhouse for rent and the condo has been a PITA with all sort of issues, we are getting a large assessment for repairs and condo fees keep rising taking away a good chunk of our profit.  Condos only cost more over time in maintenance and repairs, plus whatever BS neighbors do, if you get flooded, good luck.  On the other hand, rowhouse has had fewer problems, and we don't need to deal with the board and their BS, we get to choose our own people to fix the problems for the price we want to pay.  Plus, zero condo fees.

OP, I think if your rental is in a very desirable area, in terms of having a steady supply of renters, you will be fine.  [/quote]

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