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Real Estate
Reply to "Any disadvantages of keeping same tenant long term"
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[quote=Anonymous][quote=Anonymous]We've had our basement tenant for 20 years. We raise the rent periodically but it's still maybe 20 percent below market. But it's worth it because they make few demands, are very helpful neighbors. Even financially, it's not that much less income than having the place sit empty for a month or two every few years when you look for a new tenant.[b] And I know neighbors who lost 4-5 months rent when their tenant stopped paying and it took a while to get them evicted[/b].[/quote] Yep. Renting property can be a risky venture; when you get people who pay you and maintain the property well, it is generally best to keep them even if it means below market rent. [/quote]
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