Skip to main content

House rental seems incredible - is it too incredible? What could I possibly be getting myself into?

I'm looking at renting a house in the Twin Cities. It's a 3 bedroom/2 bath/finished basement house in a nice area. According to realtor.com, it's valued at $450,000. The tenant is looking to rent it out "to the right person" as he is currently in New York for work but isn't interested in selling the house yet and prefers to not work with an agent. He is asking for $1,140 in monthly rent for the house.

It looks beautiful and really well kept. My question is: could this be a scam and if so, what kind of scam could it be? What might I be missing here? I won't lie - I'm not knowledgeable about real estate. (Also, I'm sorry if I should post this somewhere else. Happy to do so if need be!)

Edit: Thanks everyone! I think you've all confirmed my suspicions that this is likely a scam or at minimum, simply too risky for my taste. I appreciate all of your speedy responses and not making me feel like a total idiot for wondering about it!

submitted by /u/okaydolore
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/hid0dp/house_rental_seems_incredible_is_it_too/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more