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Just remember this if in the future it's revealed people are letting their homes sit empty instead of renting them out. (when waiting for the right time to sell

Just remember this if in the future it's revealed people are letting their homes sit empty instead of renting them out. (when waiting for the right time to sell or any other reason) Renting is often risky even in good years, one bad tenant can't lose years of profit simply by not paying rent and leaving. If they don't trash the place, it'll need emptied before the next tenant moves in (cost). Then it's possible they do trash the place. And then it's possible they get mad and truly destroy the place (run the pipes). Generally people in these situations don't have money, so good luck getting it back in court. And there's countless stories before covid of people who knew how to play the game in certain areas and delay evictions for months. Now on top of all those normal risks, you have to worry about the government handing out a year of free rent and not allowing you to evict someone. Unless I find a renter who is literally a family friend, I don't believe I'd ever rent out a property I own.

ViViDboarder 5y ago
Letting the property remain empty is a guarantee of no income. Why would that be preferable to a risk? If the property is truly investment, it would still make sense to rent it or sell it. Both are good for the market. On the other hand, I own my house and I’m very hesitant to rent out any space in it due to forfeiting control. I haven’t done much reading, but I think there may be some exceptions that make it easier to evict if someone is sharing your space vs renting an entire unit. That’s a different story but I don’t imagine this type of case having a significant impact on the market
- ApolloFortyNine 5y ago
  If you think the housing market will go up 5% a year, even sitting empty, you'll still make 5% a year (minus property tax). So the expected return is not necessarily 0 in this case for an empty property. Hope this helps.
  - ViViDboarder 5y ago
    If the market goes up, you’d still have that increase in value rented or not, but you wouldn’t have the recurring income if you don’t rent. You’re still forfeiting that by keeping it vacant.

ViViDboarder 5y ago

Letting the property remain empty is a guarantee of no income. Why would that be preferable to a risk? If the property is truly investment, it would still make sense to rent it or sell it. Both are good for the market. On the other hand, I own my house and I’m very hesitant to rent out any space in it due to forfeiting control. I haven’t done much reading, but I think there may be some exceptions that make it easier to evict if someone is sharing your space vs renting an entire unit. That’s a different story but I don’t imagine this type of case having a significant impact on the market

ApolloFortyNine 5y ago
If you think the housing market will go up 5% a year, even sitting empty, you'll still make 5% a year (minus property tax). So the expected return is not necessarily 0 in this case for an empty property. Hope this helps.
- ViViDboarder 5y ago
  If the market goes up, you’d still have that increase in value rented or not, but you wouldn’t have the recurring income if you don’t rent. You’re still forfeiting that by keeping it vacant.