After posting the real estate home for rent in my real estate Modeto blog and looking at the fleur de Ville Modesto real estate homes for sale on the MLS, I am thinking (warning: brainstorming moment to follow) -
Will sellers of the fleur de Ville custom homes in Northwest part of Modesto consider renting their fleur de Ville homes, along with the many benefits:
1. Get paid (rental income) to cover the real estate property taxes.
2. Have a house sitter for the (otherwise) vacant home.
3. Write off the expenses including: mortgage interest while the mortgage interest deduction lasts, property tax, property management expenses, other expenses for the real estate agents (if any) since the home for sale is now an income investment property.
4. Make an agreement with the renter to continue showing the real estate.
5. Have the renter take care of the lawn services at the renter's expense (possibly).
6. Same as above, but replace 'lawn service' by 'electricity', 'water and sewer', etc.
7. Rent out part of the home, such as 2 bedrooms / 2 bathrooms, instead of the entire house (5-6 bedrooms, 3plus bathrooms) so the rent is more affordable. The rental market ideal rent would be $1000 to $1500, not $2500 - $3000.
8. The real estate scenario might work out perfectly for a potential home buyer who might even be interested in a 'rent to own' situation (try-it-before-you-buy-it).
I happen to have a potential renter/buyer who is looking for a 2 to 3 bedroom/2 bath custom home near Kaiser Medical Center who could really use the fleur de Ville home for 6 months...
Please don't hesitat to contact me if you are considering the above real estate proposal.
/* * * Comment: end of real estate brainstorming moment * * */
P.S. At the end of the day, it's not always about the numbers, it is about and it's for a doctor who saves lifes at the E.R.
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