Are you ready to sell your home?
Are you moving out of state?
Are you looking to upgrade from your home?
Becoming a Landlord
Selling your home can be an emotional decision, especially if you have invested a lot of time and money into it. However, there is another option that could provide you with a steady stream of income while allowing you to retain ownership of your property. Let’s talk about becoming a landlord.
Becoming a landlord offers some advantages over selling your home, such as
- Earn income from your property.
Rental property income can be a great source of passive income, especially if you already own your home outright. If you live in an area where housing costs are high, you may be able to earn a significant amount of income beyond covering the mortgage and upkeep costs of the property. Check out what other homes in your area are renting for.
- Retain the equity inside of the property.
Real estate properties are considered low-risk investments, even with all the market shifts. Over time property values increase, so if you don’t need to sell your home to purchase another one, you should keep it. Having tenants renting the property allows the debt on the property to go down while the value is increasing.
- Ability to take advantage of a seller’s market.
If you do want to sell your home, but the market conditions aren’t in your favor, renting out your home buys you the ability to wait for more favorable selling conditions. Not all experts agree on trying to “time the market”, but if you
Property Management Solutions
Becoming a landlord does have its challenges. You will need to be prepared to handle repairs and maintenance on your property, as well as deal with any issues that may arise with your tenants. This part can be time-consuming and stressful, especially if you are doing the upkeep and maintenance yourself. You will also need to screen potential tenants and manage rental agreements.
Thankfully, there are options to minimize the stress of being a landlord. At HuntAHome, we offer full property management services. We handle getting your home ready to rent, finding you the perfect tenant, and maintaining the property. We can even help with upgrades and home improvement projects.
Becoming a landlord can be a great way to retain your equity and earn income. By hiring a property management company to help oversee your rentals, you get all the benefits with none of the hassle. Let us help you get your home rented, contact us today.