Comments on: House and Rent Update

By: We Sold Our House!

We Sold Our House! — Mon, 24 Aug 2009 04:35:58 +0000

[...] having the house on the market for more than 2 months and having to reduce the list price by $10K, this offer of course isn’t the one that gets us excited. But we will take what we can get at [...]

By: Do I Need a Credit Monitoring Service?

Do I Need a Credit Monitoring Service? — Fri, 14 Aug 2009 20:10:04 +0000

[...] said to me he doesn’t want to lose any rent) but the owner checked our credit anyway. Then we tried to get a townhouse from a private owner. Our offer was accepted, but once we got the lease, we determined it [...]

By: Sun

Sun — Tue, 11 Aug 2009 19:37:32 +0000

@mapgirl Thanks for the information. We also think the landlord has asked too much for the place. So we eventually withdrew our offer and got an apartment instead. It’s just not worth the trouble.

@No Debt Plan A management company is what we eventually have to turn to if we can’t sell the house and have to rent it out. There’s no way we can manage it ourselves. So we have to heir someone. But still rental is only a temporary solution. If we want to sell the house later, there’s still a lot of work to do. Since we are living so far away, it’s not going to be easy either.

By: No Debt Plan

No Debt Plan — Tue, 11 Aug 2009 14:08:09 +0000

Why not just hire a management company to manage your rental for you? Like you said you don’t want to get into the rental business, but a typical management company would charge you 10% of the gross rent and take care of everything for you. Less hassle on your end while still getting most of the income… plus you can use the rental as tax deductions.

By: Weekly Roundup - Hands Off My Clunker Edition | Frugal Dad

Weekly Roundup - Hands Off My Clunker Edition | Frugal Dad — Thu, 06 Aug 2009 10:02:17 +0000

[...] House and Rent Update [...]

By: Time Is Money, So How Do You Spend Your Day?

Time Is Money, So How Do You Spend Your Day? — Thu, 06 Aug 2009 05:57:42 +0000

[...] The Sun’s Financial Diary: House and Rent Update [...]

By: mapgirl

mapgirl — Wed, 05 Aug 2009 15:31:53 +0000

“saying that carpet, gutters and chimney need to be cleaned by professional company acceptable to the landlord with paid receipts as proof.”

I am not sure they can put that in the lease. That is a very extreme provision.

FYI – You are covered under the VRTLA (VA Rental Tenant Landlord Act). I would read through that so you know your rights. I’ve never heard of having to produce paid receipts for cleaning service and asking you to maintain gutters and chimney is far beyond anything I’ve ever seen. (Though it could be within their rights, but is it your fault if a bird nests in the chimney?)

By: 2million

2million — Wed, 05 Aug 2009 12:59:12 +0000

Sun,
Congrats on getting a place, almost. I would be interested in seeing more on the details of the lease for the townhouse and what is stipulated. I had never heard of asking a tenant to professionally clean the gutters/chimney.