Becoming An Accidental Landlord – Radio Interview On The Brashenomics

by Hank Coleman

When is it okay in becoming an accidental landlord? Should you sell your home and take a loss? Or, should you rent your home even at a loss? It all depends on your personal cost benefit analysis.

Find out about how my family decided to rent our home for a loss when I discuss the issue with Ben Brashen on the Brashenomics Radio Show this past week.

This interview was inspired by my original blog post on Jeff Rose’s blog, Good Financial Cents, where I talk about why my family decided to become landlords for the first time.

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 577 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


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{ 3 comments… read them below or add one }

Elizabeth @ Simple Finance

Wow – this was so timely, as I’m starting to wonder if I’m going to get stuck having to rent out our house since we can’t sell it. Thanks for being so open about this, and for sharing the story.

Reply

Hank Coleman

I’ve actually really enjoyed becoming a landlord this year. Of course, I think that the biggest secret of my success has been finding a great property manager who handled all my tentants problems, finding them, collecting money, fixing things with the property, etc. It’s been great. I am glad to lose a little bit of money each month in order to eventually earn a cash flow positive monthly check in the future with the property.

Reply

Michelle

I have seen first hand what bad renters can do. I have never been a landlord, but I have seen the problems that my aunts have had.

Reply

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