Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-29-2020, 10:38 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,324
Quote:
Originally Posted by ImaCheesehead View Post
Congrats on the new grandchild, how very exciting for you!

Although it won’t impact what you do in Austin, verify your IL homeowners ins coverage stays intact while your home is unoccupied. Make sure they will cover any claims since you won’t be there to notice if pipes burst, etc.
We always turn off the water to the house, after coming back to find water spraying out a pipe
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-30-2020, 04:51 AM   #42
Dryer sheet wannabe
 
Join Date: Dec 2014
Posts: 20
They call me Realtor Randy, so this answer may surprise you.

RENT.
Indiana Randy is offline   Reply With Quote
Old 09-30-2020, 04:56 AM   #43
Full time employment: Posting here.
 
Join Date: May 2009
Location: Ottawa and Fort Myers
Posts: 701
Quote:
Originally Posted by Al in Ohio View Post
Rent. More flexibility and less commitment. Plus no property taxes and homeowners insurance.
Other possible expenses

Condo fees and condo fee inflation
Community Development District tax
Special Assessments
Electricity
Flood Insurance in Florida and hurricane recovery expenses
Property bubble capital risk
Expired appliances
Outdated kitchen bathroom replacement
Vent cleaning
Pest control
AC service and replacement
For Canadians, significant estate planning complications
For new construction, builder handover risk
If renting out when vacant, significant Federal income, state and county tourist tax paperwork burden

After owning for a decade including managing my mom’s place, I am close to convincing DW of benefit of renting vacant and filling it with her stuff. Risk of this now though is Florida is filling up with New England Covid refugees and rents are skyrocketing.

The more months you stay south, the more it makes sense to buy, after renting a few seasons. Also pay close attention to extremes of buyer’s and seller’s markets, acquiring in market panics, unloading in market bubbles.
Kroeran is offline   Reply With Quote
Old 09-30-2020, 05:00 AM   #44
Full time employment: Posting here.
 
Join Date: May 2009
Location: Ottawa and Fort Myers
Posts: 701
Quote:
Originally Posted by Sunset View Post
We always turn off the water to the house, after coming back to find water spraying out a pipe
Also, ensure washing machine hoses are metal braided high quality.
Kroeran is offline   Reply With Quote
Old 09-30-2020, 06:22 AM   #45
Confused about dryer sheets
 
Join Date: Mar 2013
Posts: 8
I would start by renting for all reasons listed. We are in FL we bought our condo for fulltime retirement. Our first 2 yrs we rented it out Jan - March. Even charging &2800 / mo furnished all incuded. It helped but did not cover annual expenses Ins, HOA, elec, internet. At the time we had a mortgage.
I have also done several 3 mo travel assignments for work. My own apt was 100% better than the extend a stay type of apt/hotel. I rented furniture thru Cort and was very happy. I arrived with what i needed in a kitchen and linens.

What ever you decide, being near your grandchild will be wonderful. Have fun.
travel55 is offline   Reply With Quote
Old 09-30-2020, 07:06 AM   #46
Full time employment: Posting here.
MrsHaloFIRE's Avatar
 
Join Date: Jun 2018
Posts: 751
i would airbnb or vrbo the first year and see how it does. you might find an area you like or dont like, et.
MrsHaloFIRE is offline   Reply With Quote
Old 10-03-2020, 10:50 PM   #47
Thinks s/he gets paid by the post
 
Join Date: Oct 2012
Location: Reno
Posts: 1,004
Sounds good--except for the tornadoes. Although Dallas is worse and Wichita Falls/Oklahoma can be a bomb zone for tornadoes. You don't want to be in a mobile home.

I speak from experience, growing up in Oklahoma and Okie granddad just above the Red River.



Quote:
Originally Posted by frugal-one View Post
Surprised no one mentioned renting in a retirement mobile home community? They are fully furnished, usually reasonable and have activities and others to relate to.
RobLJ is offline   Reply With Quote
Reply

Tags
real estate


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
threshold to buy instead of rent winter place someguy FIRE and Money 52 09-21-2016 07:40 AM
Semi-retire for a long distance relationship? maddythebeagle Young Dreamers 38 11-22-2008 12:09 PM
cheapphonecards.com long distance phonecard MJ Other topics 0 11-30-2005 11:52 PM
Free Long Distance Phone Calls, On Your PC ShokWaveRider Life after FIRE 16 09-08-2005 11:54 AM
Cheap long distance sgeeeee FIRE and Money 10 03-10-2004 07:29 AM

» Quick Links

 
All times are GMT -6. The time now is 09:13 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.