Originally Posted by calmloki
Geeze Nords - our tenants rarely forget to trash the place - what kinda island renters are you getting?!
Clearly I'm typing too fast...
It was a sweet once-in-a-lifetime deal-- shipmates of a shipmate. He was retiring from active duty at the Pentagon and wanted to move back to Hawaii to a GS job. His spouse was pregnant. They were having a hard time figuring out how to househunt across five time zones and move two small kids plus all their stuff (they have a LOT of stuff).
We had the place torn apart (new ceilings, new carpet, new flooring) but we loaded a bunch of "before" pictures on Photobucket and gave them all the info. After a few volleys back & forth they sent us a deposit-- pretty much based on our mutual friend's recommendation, a Photobucket album, and a walkthrough. They're very good tenants (and nice people) but we fret a bit that they're on the edge of their cash flow.
We rented it because it was the same type of work as selling, with the added advantage of being able to rehab the exterior & yard while getting rent. They signed a one-year lease but of course our cash return was way lower than last year's long-term CD rates. That situation sure has changed! But now the lease is up, they're month-to-month, and we're ready to sell when they're ready to move out (or when they win the lottery and decide to buy it).
Landlording has been very very good to us but I've had enough. And except for spouse's parents, we've had good