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[Tweetys_Revenge]

Nothing set in stone yet but  I want others input that have done it we might be going to northern Georgia not sure if we should sell this place or rent it out
just a lot of unknowns right now.

Any advice would be great.

[matap]

Renting/leasing can be a good idea if your not ready to uproot from here but still want a place to call home. But keep in mind it will generate taxable income, so be sure to price it accordingly as to take into consideration what taxes you'll have to pay but also stay  competitive within the leasing market. Also price policies for what your home will convert into - a Rental Dwelling. Typically these insurance policies are more expensive. Also require that your tenants have renters insurance and their liability coverage exceeds the replacement cost of your home.


Best of luck to you Lance

[xcaliber]

What Paul said but when setting your rental price be sure to add in 15-20% in expenses for repairs. If rent plus expenses exceed the market then sell. You will not be there to make the repairs yourself so professionals will have to be used. Pluses are tax deductions. Anything you spend on repairs can be written off(anything left over after repairs may end up at your current home,paint bought for the rental happens to be the same color you have where you live . Travel to check on your property(visit friends and relitives ) can also be a tax deduction. However, being a long distance landlord is a real PITA! I have been one and was alot closer than you will be. Renters will not take care of your property, bounce rent checks and worse. Stay away from HUD! I would say that unless you intend to view it as an income producing asset, sell it. If you return,buy a new house.

[hogcowboy]

I would never rent a house I had called home unless I really didn't want it anymore. Some renters can turn anything into trash in short order. Not all mind you are like that but it would be too much a gamble for me. All renters are gambling is their deposit. You may have years invested. As far as rent or buy where you end up, that would depend on how long you plan on being there. I'm not sure the housing market is strong enough to just say buy. That too would depend on the area. I personally hate seeing good money go toward rent when it could be going toward something that you should be able to get your money back on.

[Chad]

 Have a friend that they use a rental property manager that takes care of  the house and screens tenants.
They haven't had any problems with the house being destroyed. The house is in Garland.

[xcaliber]

My house was in Whitehouse and one of my tenants was the Assitant band director at Tyler Jr. College. Bounced checks all the time. Another renter had puppies that messed all over the house. Had to have pros come in to clean the entire house. The tax write offs were nice but after 10 years , I got tired of it and sold it.

[MRVTX]

What town in northern GA?  My in-laws are in Tiger.

[Tweetys_Revenge]

Her office will be in Doraville GA we are looking North and East of there for house's. We will know for sure if this is going to happen in about 2 weeks.

[Tweetys_Revenge]

Looks like this is going to happen the planning has started we are shooting for July.

[Gumbo]

Looks like this is going to happen the planning has started we are shooting for July.

Great that means you both can make the BBT