Comments on: Whaddaya mean no rentals allowed?

By: personal finance deals

personal finance deals — Thu, 19 Mar 2009 05:07:45 +0000

Blame it on the huge slump in the housing market. For owners who have to move or who own houses as investment properties, short-term rentals can bring in some cash and keep them from having to sell at a big loss.

By: repossessiongirl

repossessiongirl — Wed, 18 Mar 2009 23:03:41 +0000

Hey there – I can see the problem – we have similar ones over here in the UK. Being a landlord, I ensure that I maintain good relations with all of my tenants. I also mail the neighbours round each property and ask them to inform me of any unsavoury behaviour. I do not want my buy to let emporium ruining someone else’s dear green place.
I think that all landlords have enormous civic responsibility. they should not just be in it for the greenbacks.

By: Alison@This Wasn't In The Plan

Alison@This Wasn't In The Plan — Sun, 15 Mar 2009 05:11:40 +0000

When we moved into our house, we had sign a paper saying that we understood that there were a large number of rentals in our neighborhood (invester-owned). Two years later, we’re fairly certain that if we could do it all over again, we would have turned around and ran away when we first saw that form.

But, I can see the flip side as well. There’s one vacant house in our neighborhood that has been vandalized, but several others that are in fine condition. Come to think of it, the condition of that particular vacant house is similar to some of the rentals around here.

This policy could definitely go either way, but based on my experiences, I’d choose to live in a neighborhood full of vacant and/or “for sale” signs over one that was full of “for rent” signs.

By: mapgirl

mapgirl — Fri, 13 Mar 2009 20:53:30 +0000

A rental is WAYYYYYY better than a vacant property. I don’t see why cities aren’t allowing them. I can understand why an HOA doesn’t like it for a large condo b/c it reflects poorly on them if they aren’t owner-occupied, but I think that’s stupid too if the building is half empty and owners can’t even afford their HOA fees.

I agree, in the long run these restrictions are a bad idea.

By: Best CSS Gallery

Best CSS Gallery — Fri, 13 Mar 2009 14:15:37 +0000

Well, interesting indeed how it will come out

By: ChristianPF

ChristianPF — Fri, 13 Mar 2009 12:58:27 +0000

that is pretty interesting – I think this whole difficult real estate market is going to turn lots of things upside-down. All the foreclosures (and in the nice part of town) is going to lead to some mix ups of demographics a bit…