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To Sell Or To Rent

With the rapid decline of property value, some sellers who need to move on with their life, are considering renting the house instead.

It will take approximately 3 to 6 months to sell a house and about 1 to 2 months to rent it out.

One of the most important factors to consider is whether the rent will be sufficient to cover the cost of mortgage, property tax and HOA. If not, do you feel comfortable financially to subsidize the difference.

If this is the first time you are trying lanlording, it will also be helpful to hire an experienced agent to assist you in finding qualified tenant and to share tips about successful landlording.

Posted by Caroline Tsou on 03/19/2008 03:46 PM

Comments (2)

sellers, landlords

This post has been included in California Information San Bernardino County, CA Information Chino Hills, CA Information

2 Comments on To Sell Or To Rent

MAR

2008

If you don't have to sell, renting would be the next best option. You get to hold on to the property, as it pays for itself, while riding out this so-called housing crisis. Great advice Caroline.

Great advice Caroline,

I am about to open my own property management business and if my clients decide to rent I can also help them with finding a suitable tenant.

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