own 2 houses lost my job
New to this. I own 2 houses outright in Florida. I live in one and rent out the other. I have a property manager who takes 10% a month. I was working full time till last week then unfortunately lost my job. Question, can I live off the income. I currently pay insurance and taxes and am up to date but without my job income I will have to start using the rent income to survive till I get another job which in Florida is hard to get full time. Any answers appreciated. Thank you.
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Why wouldn't you be able to live off the rent income? Where does the money from the rental go now? The only thing that would prevent you from that is if the property is held in a retirement vehicle.