All Forum Posts by: Will Hampson

House will probably sell for $475-500. Bought it for $330 2 years ago with 10% down. So net of 145-170. Still waiting on a market rent estimate but I'm guessing $2800-$3000k a month and my monthly Mort+tax+pmi+ins is $2100

2618 W. Crystal St Near Division and Western

So I just got the job of my dreams in LA, and I need to move there from Chicago in 30 days from today May 21st. I own a 4 bedroom single family house that has appreciated a lot in the 2 years I've owned it and have a very low interest rate 3.6% 30y fixed. 

I have never rented a property out, but that was my long term plan with this house. However, at the time I was planning on being in the city to manage it. Now I'm trying to figure out what my best option is, sell the house (hopefully within 30 days) or hire a management company and deal with renting out to strangers across the country.

Also, if the best option is to sell, should i sell it myself or hire an agent? I would assume an Agent would be more likely to sell it quickly but there's a high cost to that both from selling price and their cut of the selling price.

Are there any experienced people out there who can offer me some advice on this?

Thanks David. I'll definitely check out mysmartmove for background and credit checks.

One thing I'm wondering regarding the lease is whether or not there can be eviction clauses added if the person turns out to be dirty/slovenly/not taking good care of the room etc.

Hey everybody, need a little advice from experienced people.

I bought a 4 bedroom single family home last summer. I rent out 2 bedrooms to friends and keep the master and 4th bedroom as an office. One of the friends is moving out and I will be looking for a new roommate whom most likely would be a stranger. As such I'm keen to get an appropriate lease in place. Because it's an owner occupied property, I am wondering if this changes what kind of lease I should use and if there are other considerations I'm over looking. (I know I should also get the remaining friend on a lease as well).

Thanks in advance for any help or guidance.