1. They might not have worked long enough to accumulated savings
2. They might be waiting on a green card before they make a commitment
3. They might not have found what they are looking for yet in terms of housing
4. They might be here on loan from a company
5. They might want their kids to go to a good school district without having to pay the premium for the home purchase
6. They might feel that buying a home is a terrible investment and a permanent-renter…
7. They might feel like they can still get 50% off real estate and decide to keep sitting it out…
lots of reasons.[/quote]
8. Military.
I wouldn’t expect or even hope for a 10-year tenant – 3 years would make me happy as a landlord.
I tend to agree that there are good tenants to be found among the low income. If your rental is in good shape and priced below market, the responsible ones will choose yours over the other properties available.
