Should I rent my house or sell it.

By
Real Estate Broker/Owner with Turn-Key Properties LLC, Missouri and Kansas Real Estate

I've posted a number of articles about this question before, never has it been more pertinent than now.

Whether your home is a condo in the city or a ranch house on acreage; you may be better off renting it out until the market comes back.

Forbes.com recently posted a calculator to help you figure out the benefits of renting vs selling your home. There are some things the calculator leaves out, closing costs, tax benefits of owning a rental property and some other important financial figures. The calculator offers a CAP Rate calculation weighing the benefits of renting against other investments you could make with the money from the sale.

The tax benefits of owning rental property alone may justify not selling in this down market. Not to mention the likelihood that you will have to settle for much less than you wanted.

                                    For Rent, For sale, lease option DO SOMETHIN!   

I liked this sign I saw in a local Kansas City Neighborhood.

"For Rent, Possible owner finance, lease / option /purchase
DO Somethin!"

 

These are some pretty desperate times for many, perhaps it is time to consider renting your home.

http://www.turnkeyproperties.org

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
rent
cap rate
renting vs selling
rent my house
rent or sell my house
rent or sell calculator
renting my house
should i rent my house

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
77,098

Ben Edsall

Ask me a question
*
*
*
*
Spam prevention

Additional Information