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Given the market, they could either rent that place to a full-time tenant or sell it – the odds are strongly against them being underwater, given the market. G
by incongruity 11y ago
Given the market, they could either rent that place to a full-time tenant or sell it – the odds are strongly against them being underwater, given the market. Given the stated aims of increasing the supply of residential rentals/property ownership, I don't think this case is counter to the aim of the proposition.
- knocte 11y agoPeople generally think that landlords prefer renting via AirBNB instead of full-time renting because it provides more income. This is just one side of it. There are more advantages: - When the property is not rented, you can use it for yourself (imagine if you want to go back home from time to time to see your parents, then you block some spot in the calendar). - The property is not rented 100% of the time so then it deteriorates more slowly. Less maintenance costs. - There are less chances to get tenants that don't pay and still stay in the property.