Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

2
Posts
0
Votes
Derrik Buschatz
  • Columbia, SC
0
Votes |
2
Posts

Hello and question about renting our house

Derrik Buschatz
  • Columbia, SC
Posted

Hello everybody.  New to the website and already learning alot.  Thank you.

My wife and I are considering putting our house up for rent instead of selling when we move next year.  I have a few requests for advice.

We installed brand new hardwood when we moved in last year.  We planned on living here for much longer than will be the case.  The hardwood is everywhere except bathrooms and laundry room.  The questions I have involve how much more rent can we charge over a comparable house without nice hardwoods (comparable would bring $1000 - $1200).  It appears after some research we may be better off allowing pets even though the thought makes me cringe.  I imagine walking into the house after a year with swelled wood where there water bowl was, scratches and urine stains.  If the floors are really pretty how much can I get from a renter extra if they have a pet?  I don't expect them to stay pretty for long, so once it is time to refinish, will a few coats of polyurethane be the best bet?  

Our house payment is $725 a month.  So at $1200 a month we make almost $500 extra.  Is this good enough to cover expenses to where we shouldn't even need to dip into any other source?  The house has a brand new roof and HVAC system.

I have more questions but this is it for now.  I will try to search and find the answers for them on my own.  Just thought some current landlords can chime in and give some insight into our uniques situation.  Thanks.

Loading replies...