Fears of landlording for the first time
Good day! Husband and I have a 1100 square foot home we are trying to sell. It is a 3BR, 2BA single family home with attached garage and full basement with potential for at least 1 BR to be added downstairs. Needs lots of updates. Not many lookers and barely any offers. We are thinking about renting. I have read many forums and watched webinars. Very interested in renting, but heard many horror stories. Very poor RE selling market here. 60 homes on market. We live in a town of approximately 5,000 people. Not much industry for decent jobs. Therefore not many people that may qualify to rent at $600/mo. I realize that the unknown fears are what holds many people back in the landlording realm. Any words of encouragement or ideas would be greatly appreciated!