All Forum Posts by: Edna Rajan
Edna Rajan has started 1 posts and replied 2 times.
Post: Should I rent out a fixer upper ?
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Quote from @Theresa Harris:
I'd be very wary of someone asking to rent it in exchange for doing work on it. If it is paint, inside, perhaps but even then they pay rent and you pay them for the work they do. The front porch needs some work, I was thinking of charging smaller rent overall because of the condition of the house . Definitely will pay the tenant for any work done.
Post: Should I rent out a fixer upper ?
- Posts 2
- Votes 0
We own a small 2 br 1 br home in a very small town in MS . It needs a bit of work. A person came by and was interested in renting it out and was willing to put some work in it. I'm not sure if I can secure insurance for this house with the condition it is in.
This would be my first time being a landlord and I will run a background check. Looking for advice on if I should consider this and what risks come with this .