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The Water Cooler
General Discussion
For those of you who own rental property in OK...
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<blockquote data-quote="farmer17" data-source="post: 3233679" data-attributes="member: 8389"><p>The nicer house you have the fewer problems you will have with renters. We bought a 1985 brick house for 117K and put about 14K in it and it would now appraise for around 160K and we rent it for $1350 month but that's probably too cheap. We had three people who wanted it the first couple days we listed it and we selected the person we liked the best. If a house is built around 1985 or later most repairs are easy and can be done with materials from Home Depot and earlier homes have plaster walls, weird wiring, bad insulation, cast iron plumbing, wood windows, etc. that are more difficult and expensive to repair/replace.</p></blockquote><p></p>
[QUOTE="farmer17, post: 3233679, member: 8389"] The nicer house you have the fewer problems you will have with renters. We bought a 1985 brick house for 117K and put about 14K in it and it would now appraise for around 160K and we rent it for $1350 month but that's probably too cheap. We had three people who wanted it the first couple days we listed it and we selected the person we liked the best. If a house is built around 1985 or later most repairs are easy and can be done with materials from Home Depot and earlier homes have plaster walls, weird wiring, bad insulation, cast iron plumbing, wood windows, etc. that are more difficult and expensive to repair/replace. [/QUOTE]
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