Quote:
Originally Posted by Jimturner
Home prices are on a peek on the high side right now. Look for reduction in sales prices over the next 12 to 18 months, then another upsurge. Buying to rent now would be a mistake. I recommend buying when the current surge bottoms out. Look at summer of 2016.
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I have never heard or saw your prediction before. Everything I've ever seen indicates that prices are and will continue to go up.
Mom and I built our home in 2012. It has been on the long-term, unfurnished rental market from day 1. I'm retired now but my 90 year old mother doesn't want to move to TV full time so we are renting out our designer home.
We pay the amenity fee, water bill, taxes, lawn care, insurance and any maintenance. My renters pay electric, cable, internet, phone and anything else they may want. JD&V property Management manages my home and finds the renters. All expenses incurred on the rental property are tax deductible.
If I had decided to put our home on the short-term, furnished rental market, I woud be responsible for what I am paying for now and also what the renters are currently responsible for.
I hope this helps.