Episode 013: To Keep or To Sell

<p><span style="font-weight: 400;">“I own my home, but I’m ready to move on to a different house. Should I sell my home or rent it out?”</span></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">This is a great question that every agent out there should be educating their clients to ask. In today’s market, if you’re not considering keeping property as a rental, you’re missing out on a huge opportunity to build future wealth. This week we take a look at some of the details you might not have considered when deciding if it’s time to enter the rental market or it’s better to sell.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>Rent over Sell: A Long-Term Investment that helps pay for itself</strong></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">The market today is “bananas,” as Bernie likes to say. There is a huge shortage of rental properties right now meaning that there is a huge number of possibilities for homeowners. Putting a house on the rental market and getting into that investor mindset lets you hold on to that property while it’s accumulating value and having the rental income help pay it off over time. It’s a long-term investment with very little downside if managed right.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">“If my house doesn’t appreciate this year, I still have a house. I have something to sell, I have equity, I have something I can live in, I have something giving me tax advantages.” – Steve</span></p> <p><span style="font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">The thing that scares most people away from renting is the horror stories of bad tenants. Most of those stories are from people who self-manage their rentals, which brings its own headaches.</span> <strong>Property Management</strong> <span style="font-weight: 400;">companies exist to take over that stress, so use them. It’s about being smart about the investment and