retire to nature
Recycles dryer sheets
- Joined
- Aug 10, 2018
- Messages
- 383
Hi All,
It's been a while to write a post. Meanwhile, I FIRE'd in Feb 4th this year Yay!!
My probate was ended in January, so I had spent a lot of time to questioning how long I would keep the job. And, the coworker who kept bullying at me was driving me crazy so I reported to upper management, and they don't do anything and told me to keep tolerating, so I didn't wanna tolerating even a minute more. I gave them resign letter and walked out on the day. Nothing surprise. I knew he wouldn't change any, management is useless. That's why I planned FIRE. And now I am happy with that.
Anyway, back for my post title.
How are your rental business doing? I know so many people can't make their rent but eviction can't happen etc. I have not increase rent since covid19, I am not sure if I can and how other people are doing since house price went up a lot.
My tenants are fine, the section 8 tenant has some trouble, but still up to dated due.
My original property tenant is moving out in the next month since he bought a house. The house was the one I used to live before moving into my Airbnb house. so if I get rid of all houses, still need a place to live, that was the most possibility. This house was only $43k and now $96kish, $900/month. I can increase to 1050/m if I keep renting.
But I see house price went up a lot kinda of bubble way. and I am really afraid, the high number of death will make a lot of inventory. And covid end possibility can be shorten much faster than I anticipated. on contrast, MO is really shorten in inventory even in news article.
So, I am not 100% sure for selling, I would like to know other opinions how you guys see the real estate market.
I have 11 houses now. 4 were mine, and 7 inherited. so the 7 got step up basis. the step up basis numbers were pretty high, so it is long way to go even if the last year big increase. So like credit card debt, should I sell things first which would meet the step up basis number??
I was not planning to keep the rental business long run, so I prefer with stocks. I have AA 100% stock for total stock or S&P a little over 1mil. and I don't wanna be stuck unable to sell rentals when crash possibly happen. But since the step up basis, would it better to keep for any tax benefit
Based on those plan, I have to plan how I am investing from now. What should I consider the most?? Should I hire property management company to keep them long run
Please advise me.
Thank you in advance.
It's been a while to write a post. Meanwhile, I FIRE'd in Feb 4th this year Yay!!
My probate was ended in January, so I had spent a lot of time to questioning how long I would keep the job. And, the coworker who kept bullying at me was driving me crazy so I reported to upper management, and they don't do anything and told me to keep tolerating, so I didn't wanna tolerating even a minute more. I gave them resign letter and walked out on the day. Nothing surprise. I knew he wouldn't change any, management is useless. That's why I planned FIRE. And now I am happy with that.
Anyway, back for my post title.
How are your rental business doing? I know so many people can't make their rent but eviction can't happen etc. I have not increase rent since covid19, I am not sure if I can and how other people are doing since house price went up a lot.
My tenants are fine, the section 8 tenant has some trouble, but still up to dated due.
My original property tenant is moving out in the next month since he bought a house. The house was the one I used to live before moving into my Airbnb house. so if I get rid of all houses, still need a place to live, that was the most possibility. This house was only $43k and now $96kish, $900/month. I can increase to 1050/m if I keep renting.
But I see house price went up a lot kinda of bubble way. and I am really afraid, the high number of death will make a lot of inventory. And covid end possibility can be shorten much faster than I anticipated. on contrast, MO is really shorten in inventory even in news article.
So, I am not 100% sure for selling, I would like to know other opinions how you guys see the real estate market.
I have 11 houses now. 4 were mine, and 7 inherited. so the 7 got step up basis. the step up basis numbers were pretty high, so it is long way to go even if the last year big increase. So like credit card debt, should I sell things first which would meet the step up basis number??
I was not planning to keep the rental business long run, so I prefer with stocks. I have AA 100% stock for total stock or S&P a little over 1mil. and I don't wanna be stuck unable to sell rentals when crash possibly happen. But since the step up basis, would it better to keep for any tax benefit
Based on those plan, I have to plan how I am investing from now. What should I consider the most?? Should I hire property management company to keep them long run
Please advise me.
Thank you in advance.
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