Our rental story is very different. As teachers, we wanted to use our townhouse during the summer. So we find people to sign 10 month leases over the winter. The lease ends in May, we go to the beach all summer, and find new tenants in late July.
It is a considerable amount of work preparing for a new tenant, and finding new tenants.
Every new tenant is a risk, because when they are bad, they can be very expensive.
We’ve had 3 out of 4 good so far.
If we ever decide to rent for an extended time, and find low maintenance tenants, I will reward them by keeping the rent fixed.