Investors & landlords

Thank you for your response, it is definitely appreciated.  The potential reason for not renting is mainly Covid.  Our property is a rather close-knit group (one Victorian house, 3 apts) and we live in one.  We are at high risk, cannot afford to contract Covid.  The moratorium on evictions is also a factor, although it is ending, who knows it might be reinstated.  It hasn't helped the Mom and Pop type of landlords, we wind up with not only paying the mortgage without compensation but the power, water, sewer, etc. as well.  So we are thinking it would be better to not rent until Covid is passed.  Our area is currently in the highest infection rate.  But, we could easily do repairs and improvements during that time, or turn it into personal use.  Every room in the building can be accessed from apt to apt.  So we are looking to determine what will be the best financial and health decision before we "change".  At this point, we are looking at one year and then will reassess.

 

Thank you for your assistance.