Should I Rent My Home and Not Sell?

There are many factors to consider when deciding to retain your home as a rental.

Many of our clients entertain the option of building their real estate portfolios and consider retaining their current homes as a rentals instead of the selling; including considering the option of pulling money out their home (cash-out refinance or line of credit) to buy more property. This is definitely a good option to consider and sometimes it does make more sense than selling. There are a number of factors to take into consideration when analyzing this option, including:

• Positive/Negative Cash-Flow
• Return on Equity
• Tax Benefits and/or Negatives
• Amount of Equity in the Home
• Opportunity Cost
• 5 and 10 Year Plan
• Ability to Purchase Replacement Home Without Selling
• Risk Exposure
• Ability to Deal with Landlord Issues/Management
• Worst Case Scenario Planning

If you would like a detailed analysis of the renting vs. selling option as it pertains to your specific situation, please fill out the seller information form below and an experienced real estate professional will contact you to discuss.