Living Near Your Tenants... Is it Good or Bad?
By Sandy Shores FL Realtor®, Melbourne Real Estate, Brevard County Real Estate, Florida's Space Coast
(M & M Realty of Brevard Inc.)
I received a call from a man interested in purchasing Melbourne FL Investment Property. Perfect, I thought, that's right up my alley, since I own investment property of my own. We talked about different options and what type of property to buy: single family, duplex, triplex or apartment complex. We also discussed how close a landlord should live to their tenants. "How about a house on my street? Or what about buying a duplex and living in half, while I rent out the other half?" He was quite sharp and full of great questions. It was an interesting conversation. Living near your tenants... is it a good or a bad idea? First, that depends on you. It could make it convenient for a tenant in dropping off the rent. And, what about maintenance problems? The tenant could walk right ...
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