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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
by 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 agoIf 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 agoIf 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.