The empty house

No one has wanted to rent the old house. I have it for rent and for sale. Taxes are $4400. Insurance is $1200. Today I decided to cut the utilities off. I will call this week to notify the utility companies. Why pay for a vacant house.
No luck renting it or selling it. No one interested can come up with the equivalent of first and last month's rent. They want a big house but to pay for it is another problem.

I have one last hope. My realtor has some clients that want to up size, good long term renters who are taking in a teen and want more room. I pray they accept. They probably don't want to pay our high rent requirement. Which really isn't high for what you get. There is no house even close to our size renting. But then renters usually can't afford a house this big.

Who wants to pay for a rental when for the same price you can buy a mortgage. And if you are renting its because you have gotten into a bind and can't get a mortgage. Which means you should be saving your money and not spending it on a big rental.


I asked for feedback from someone who saw it with an interest to buy. He said the price was still too high for him by $20,000. He said the house needs a complete interior paint job, like I didn't know that already. He didn't like the flooring. I know some people like carpeting, but not me. But that price puts us into short sale.

First thing is to cut expenses, cut off the utilities. Keep showing the house, but just in daylight. Maybe with no lights they wont notice the need for a total paint job. I told the property manager that we would paint if she got a contract. I wasn't going to buy $500 in paint with no renters. Just let them know I would do it once they made their non refundable deposit.