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[quote=Anonymous][quote=Anonymous]Isn't it wise to keep them as investment properties if they are not too hard to maintain and not long distance? Shouldn't they hold as long as they can? Look how much price has gone up. [url]When parents move to nursing homes or pass away, [b]why are their children eager to sell and split money? Can't they rent for as long as possible? I only get empty nesters who downsize from mansions which are not good investments.[/quote]

Many times by the time elderly family members pass away or head to a nursing home, those older houses are quite outdated and/or in a state of disrepair. It’s difficult enough to settle an estate, without also having to come up with $20-150k+ to do needed repairs. Plus, sometimes it’s emotionally difficult to see others living in a loved one’s home, especially if the new renters aren’t taking very good care of it.

Most of my family members live in areas with high(ish) real estate taxes, but otherwise low cost of living (low rents) - what little we could possible clear in rent just isn’t worth the time and hassle. [/quote]

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