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Welcome back everyone, I am excited to talk to you about today's topic, "Should I sell my home or rent it out?"
When you ask yourself this question, you need to consider a few things first before you make your decision. The first is, "Do you want to be a landlord?" You have to get into the mindset of a landlord, knowing that you will have occasional calls and other things to deal with on the property.
The next thing to ask yourself is "What is your Payment?" and "What Would the Property Rent for?" We always want our clients to have positive cash flow, so we want to make sure your rent is a little higher than your payment. A few hundred dollar buffer after expenses is what we want.
The final thing we want to look at is whether your property would be an ideal rental. Typically, as prices go up, rent goes up too. If you want to invest in real estate, you should be sure you are making a wise investment first.
These are just a few of the things you should consider before deciding to become a landlord. If you have any questions for us, give us a call or send us an email. We would be glad to help out!
