Should I Rent My House or Sell it? Using Existing Home as a Rental.

Todd and Oana talk about the decision many people are faced with which is should I rent my house or sell it. There are many factors to consider when selling a home, and one of them is whether or not to keep the home as a rental property. Most people who have a rental house have only one, and for most of them it was a home they once lived in.

The decision to sell or rent out your house will depend on whether or not the home is suitable as a rental property (for example the HOA could preclude rentals) etc. Unless the cash from the sale is absolutely required to purchase another home, in most cases it makes more sense to keep the home as a rental property, especially since interest rates are so low and money is relatively cheap.

There are many people who are renting a house and thinking of buying, and many times the person they are renting from owns both the rental they are living in as well as their primary residence. Likewise many homeowners that have bought a house already are considering renting it out and buying another one, either as a rental or as an owner-occupant.

If you have questions about this please reach out.

Oana Sterlacci-Miller

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