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Old 14-03-2012, 13:34   #46
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We don't pay 10%!

We rent our house in Milwaukee for $1395/month and pay $60/month management fees. The property manager explained that he charges less than 10% because he only works with properties that are very similar to ours (single family homes, good middle class neighborhoods, tenants with high monthly income), which is relatively hassle-free, as long as the screening is good. To us, paying the fee is TOTALLY worth it - he sends us an email every month, deposits the rent in our account electronically, and we don't have to worry about what's going on back in snowsville. (We're in the Bahamas now )
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Old 14-03-2012, 13:44   #47
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Re: How Are You Renting Your House While Cruising ?

I have the same house/location you do. If I could find a deal like that, I'd jump on it. way to go!
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Old 16-03-2012, 12:07   #48
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Re: How Are You Renting Your House While Cruising ?

Know state laws regarding renter rights. My friends thought they did everything right, using a lawyer for the lease contract, but found they have no landlord rights under state law after the tenant sub-leased the home to someone who trashed it.
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Old 23-03-2012, 03:39   #49
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Re: How Are You Renting Your House While Cruising ?

With the housing market being what it is now, I'm looking to rent my home out too. It will be paid off before I set off cruising. The income plan I have is to use 50% for myself, 50% to cover taxes, damage and misc. house expenses. Is this unrealistic ?
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Old 23-03-2012, 09:52   #50
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Re: How Are You Renting Your House While Cruising ?

I benefited from the Calif property tax freeze and didn't use a property manager, but my average net income was above 80% of the gross rent. I started with a house which was in 'owner-occupied' rather than 'slumlord' condition. Every 5 years or so I would come back and live in the house for 3 months and do maintenance and improvements, mostly DIY.
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Old 24-03-2012, 12:04   #51
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Re: How Are You Renting Your House While Cruising ?

Well, that sounds hopeful. I think that with SSI, two tiny retirement checks and rent, I should be able to cruise until the health thing eventually calls it to an end. It looks like just over $2000 a month...
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Old 29-03-2012, 16:24   #52
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Re: How Are You Renting Your House While Cruising ?

We've been living aboard & cruising > 1000 miles from 3 different rental properties, all professionally managed and I've NEVER regretted that. I'm cruising to enjoy myself & relax, not to accept 3 AM phone calls that the hot water heater isn't working ... Having a local property manager, who has a plumber, handyman, etc on staff is a better deal for the renters as well as for me.

Check out Vantage property mgt in Glen Burnie; they cover Annapolis and do an excellent job; PM me for more details.
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Old 29-03-2012, 17:28   #53
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Re: How Are You Renting Your House While Cruising ?

How Are You Renting Your House While Cruising ?

i do not have house, i have a flat.(london, uk) and it is empty for three months when i am cruising.

i do not know how they do in america, but if i have house here and wonted to rent it, i would bring people, they will give me a money or pay on my bank account. that is how i would rent my house
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