Question About Time...

[Jason E.]

I love how quick I got answers to my last question here. I hope that when I really start getting into this and am able to offer help I will be able to provide help to others here as well. For right now though I am learning all I can.

I am wondering how long on average it takes to get new tenants?

Also let me tell you all about myself and why I am starting to think about this very seriously.

I have been diagnosed with social anxiety disorder. Strangely enough I seem to be able to handle most one on one dealings with people. I just have a hard time when dealing with "normal" jobs in the public sector. So I started working from home by building websites and making money online. It worked out a few years but then Google changed the way they rank sites and my business went downhill.

So I need to find another way to make money without going into the public sector. I always wanted to get into investing and real estate has always been something I wanted to get into. So I would love to do that.

Right now I have a very small income (just enough to meet my bills each month and maybe a little to save). But I do not have to pay rent on my house and am considering moving in with family and selling my house to have a little to start investing with.

But as of right now I am just trying to learn as much as I can before I act. So that is my story.

[Nicole A.]

It depends on time of year (not as many moving in winter), location, and your marketing of the property! If it's all good, maybe a month (or less even)? Just please be picky and not the first person who comes along if they don't seem right.

As for your income, do you own your own home? If so, perhaps you could consider renting out a bedroom in your home on a month-to-month lease for a few hundred bucks, plus split utilities? Look at Craigslist to gauge how much you could get for rent. I rent two bedrooms in my home for $700 each *and* split utilities...really makes a difference and not a bad gig! And month-to-month means you can end it any time. Just a thought. :-)