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Date: 23 October 2014. Renting versus Selling.

Periodically I'll get a note from an individual with a house who is considering renting versus selling said home. The theory (and everything works in Theory) is the rent can fund the cruising kitty. While that sounds wonderful on the surface, there are pitfalls. And though some have had favorable experiences, I did not.

For me, renting the house was an unmitigated horror. Damage did occur and rent was late. Plus every little thing that you'd naturally take care of because you own it, will be your problem. Your Expensive-to-fix problem. A tenant won't tighten the screws holding a hinge to a cabinet. Doors will be slammed open and the gizmos that should have prevented damage will have been broken/removed.

Need I remind you of fleas? Vermin? Your contract calls for no pets? Ha! You're not there and besides they have a medical necessity for a critter.

Don't say it cannot happen to you and yours. It can, and might.

I survived the experience but the key words I took from it were: "Never Again."

The city fined me for the trash left in front of the house when the tenant left. Finally. And it cost me a lawyer to pry her out. It took nearly a year to get rid of her and of course no income for that time -- just expenses.

Though for some the rentals have worked well, many times it denigrates into a nightmare. And don't forget you're underway and far from the source of the problem. Resolving issues when you're in the neighborhood are one thing. Try being 1,000 miles away at anchor off Bahia Honda.

Gypsy, a MacGregor26 at anchor in the Florida Keys off Bahia Honda State Park.

Rental agencies solve some problems and good tenants make a world of difference. However when things go wrong, they can go very, very wrong. And depending upon the level of disaster, your cruise could be cut short.

I'd never rent to a tenant. If the individual or couple cannot afford a down-payment, tough.

The best reason though is one that was shared by a fellow boater. He said that the peace of mind he enjoyed by not having to worry about a house was worth all the tea in China. I understand that and revel in same. My world is Seaweed, and she's enough.

Please be smarter than I was. Take the money and run. Or cruise.

Bottom Feeder, a houseboat came down the Mississippi River. What a life, eh?

Living this life does not require a ton of cash, and inexpensive boats are plying the same waters as the high dollar yachts. I'm proof of that. So too is Bob aboard his Bottom Feeder who in the above photo is cruising upriver in his houseboat.

Did you keep your house while cruising or sell?
And, are you happy with your decision?


Categories:  Boats, Characters, Locations, Money, Simplify

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