this post was submitted on 28 Jun 2024
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I'm really interested in the answers because I'm about to inherit an apartment that I don't plan to live in. Looking at the market, I'm hesitant to sell, as I would have to pay hefty taxes. Letting it stand empty does not make sense.
I did not purposefully purchase this apartment to make money on it, I'd much rather have grandma around, and I'm planning to sell it in about 5 years when we're gonna be looking for a new place with my parents.
My best bet is renting it out below market price and being a kind and understanding landlord, which sounds like an oxymoron to me too...
Any thoughts on my situation?
Owning rentals will very likely color your thinking in time. Personally, I decided I was better off not having to second-guess myself over whether they were coloring my point of view, so I got out.
This is a really interesting thought. Can you elaborate a bit?
Elaborate on which aspect? If it helps, I’ve talked about it before.