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Selling Your Home, or Leasing Until the Market Changes: It's a BIG Decision!
July 28th, 2011 1:07 PM
If you’re having trouble selling your home and you absolutely have to move, one option would be to lease your home when you move out. To prepare yourself for that you need to ask yourself these questions:

1.) How much rental income do I need to cover my expenses on the house such as mortgage, HOA dues (if any), etc.?
2.) How much can I realistically expect for rent on my place?
3.) How long can I go without rental income while it is on the market for lease?
4.) Should I market the property, and if so, how will I do it, or should I use a real estate agent?
5.) Can I manage it or should I hire someone to manage it?
6.) Can I handle repairs or should I develop a network of those that can take care of any repair items.

Speaking with a REALTOR about these items can help you assess how prepared you are to become a “landlord”. It can be scary but knowledge will relieve some of the fear and help you make the right decision. Call me and I’ll be happy to advise. No charge!

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Posted by Carmen Chapa on July 28th, 2011 1:07 PMPost a Comment

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