The Real Estate Adviser |
July 16, 2009
While rent-by-owner agencies say it's a snap to find renters for your family cabin on the Internet, the best way to ensure your sanity — and your second-home's safety — is to first consider renting only to family, friends and neighbors.
It's simply human nature. In most cases, consumers choose familiarity over the unknown almost every time. For example, borrowers historically have selected fixed-rate loans instead of adjustable-rate mortgages because they are predicable and not as risky.
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