I’ve been in Real Estate 11+ years and sometimes owners just don’t have time to sell for one reason or another. Maybe, they had a job transfer and need to move now, listing got stale and didn’t sell maybe it was over priced, not the right time of the year to sell, condition or ETC. Whatever the reason renting OR renting to own has become an option more and more home owners I see and talk to are deciding to do. I’m sure most ask themselves do I want to be a landlord? Well, that’s where I come into play especially if that home owner is moving out of state. I can help market, screen potential tenants, show, sign the lease and addendums, collect rents, deposit, accounting, and manage their home, There are many advantages to renting including building equity while renting, making over what your mortgage payment is for passive cash flow and etc. Here are some advantages of renting out your home.
Advantages
- Rental income can cover some or all of the mortgage payments, freeing you from having to dole out the entire amount each month. You might even make a profit if your monthly expense is low enough.
- You may be able to continue to build equity at the expense of the renter — especially if your particular market is not affected or minimally affected by the slowdown. If your mortgage has been in existence for a number of years, more of the payment may be being applied to principal, so every payment is eating into the amount owed at a faster clip.
- Landlords gain tax advantages in addition to the regular deductions of mortgage interest and taxes.
If you or somebody you know is considering to rent for whatever reason, please give me a call I’d like to help you. John
Upstate Leasing 