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I find it strange that nobody here brings up the option of renting out your house instead of selling when you have to. If the mortgage is fully or even mostly c
by quonn 4y ago
I find it strange that nobody here brings up the option of renting out your house instead of selling when you have to. If the mortgage is fully or even mostly covered by the rent, you can usually do that. In fact it would usually be sufficient if the interest is covered. The only exception would be divorce, unless both parties can agree.
- seanmcdirmid 4y agoRenting out a house is a huge pain. Local laws can make you accept tenants you wouldn't otherwise, and eviction moratoriums can make a bad tenant very difficult to get rid of. Not only that, but being a landlord isn't a labor-free job, and many of us don't have time for that, while property management companies are very expensive.
- quonn 4y agoI understand that, but it seems better than loosing the house.
- seanmcdirmid 4y agoMany home owners have other options beyond losing their house.
- deleted 4y ago[deleted]