All Forum Posts by: Vinson Lee

Just a random question that I am not sure about but was wondering.  Assuming I had a rental property and a primary residence.  Both have mortgages for the same amount and the same rate and same length remaining.  Would it be more beneficial to pay off one or the other?  What should someone consider when deciding?

This is sort of hypothetical, but I think what I learn from the answer to this may help me understand investing a bit better.

Hi,

Has this happened to anyone here?  I am renting a single condo to 3 people. All three are on a single lease that is now considered month to month.  One of those 3 is moving out and they have asked me if it would be ok to have a subletter for a couple of months to take the place of the one that is leaving.  They are also telling me that they other two plan to move out at the end of the year.  But they don't give me a date and they aren't telling me if they are moving out all at the same time.  If you were in this position what would you do?  Would you just let them sublet the room?  Would you make them sign a new lease?  What I want to avoid is hassle in general.  I also want to raise rent in the coming months as well.  I guess what i could do is to let them sublet but at the same time tell them that I plan to raise rent at the end of the year.  Is there any concern that I should have if the one that is leaving will not be living in the condo anymore?