I had a conversation a while ago with a customer of mine who felt renting was stupid. I feel like it can be and sometimes its not.

Take my renters for example. They are happy. They have lived here since 2008 and have no intention of leaving They take care of my place. they don't lose a wink of sleep worrying about taxes paid or sinks breaking. When the water line broke, who was up until 1 am in the cold rain fixing pipes in my ripped up driveway full of water? Me. Not them. Who worries about the air conditioning units not turning on one day or the roof leaking? Me. Not them. They just cut me a check for $775 each month and are done with it. I worry about the rest.

By the way, a paid for house is never really paid for. Taxes and maintenance are ongoing. And then count all the interest you paid throughout the years of paying the mortgage. Its a lot of money. Money a lot of people can't handle.

My tenants are not young, but most young people can't afford a home. They don't have the experience to fix things or the money. My old coworker is a 22 year old guy who barely makes a $525 apartment payment and I have a customer telling him he's dumb for renting and I think thats wrong. He could afford the payment on an older home probably but if anything were to go wrong he'd be screwed. Not a good position to be in.

I don't see a problem with someone renting a house to another person a making a little money off it. Its the payment for taking on all the risk and responsibility you don't have when you rent. it can even make a tenants quality of life better I suppose. My tenants drive a much nicer car than I do without any worry.

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1984 300SD Orient Red/ Palomino
1989 560SEC
2016 Mazda 6 6 speed manual
1995 Ford F-150 reg cab 4.9 5speed manual