What's your longest term buy and hold rental?

[Matt R.]

This topic came up in another post. I thought it would be informative to hear from others on the matter.

What is the longest you have owned a rental? And where? You could also add any info like age, issues, A.B,C hood?

The BP record so far is 29 years.

Thanks again,

Matt

[Richard C.]

A mere 3 years for me. But if my 90 y/o grandmother were on BP, she would own the record. She still owns and has rented out the first house she and my late grandfather bought, in 1946. They moved out of that house in 1948, so we are looking at going on 66 years.

The house is impeccibly maintained. It is also a 900 sf ranch in very, very well-off town (Avon, CT.) She has recieved many offers from people who want to scrape it off and rebuild on the lot. But there is no way she will sell while she lives, for sentimental reasons.

Besides, the thing has been a miniature goldmine for decades.