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Updated 9 months ago on . Most recent reply
Inherited home, needs lots of work
Long story but there is a Caretaker there. Want to start charging rent. Where do I even start?
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- Real Estate Broker
- Cody, WY
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Quote from @Amy Perry:
Long story but there is a Caretaker there. Want to start charging rent. Where do I even start?
I assume the "caretaker" is living for free? They probably can't/won't pay much to stay. They may feel a sense of entitlement, and they may not even be good renters.
Unless this is some unique situation like a ranch that requires special skills to maintain the property, I recommend you remove the caretaker, spruce the place up, and put it on the market at market rates.
I also recommend you look for a professional property manager that can help you navigate this immediately. Leave the caretaker in while you search for a PM, then work with them to convert this property to a rental.
- Nathan Gesner
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