Should I Rent or Sell My Home?
Especially in an inflationary world, rental investment is definitely not for everyone. Margin for error is smaller than ever.
That is a tough question these days. In years past we said everyone should own rentals, but it dramatically tougher in an inflationary environment and we have since changed our tune dramatically. More than anything it comes down to two things. Can you swing a $20,000+ loss without going bankrupt or losing your mind, and do you have the ability to stay out of your own way when making decisions about your rental. Many very smart people make very poor rental decisions when pride or other emotions are on the line. Post COVID it's basically an epidemic. Many landlords tried to tighten the reigns at the worst possible time. It's very tough out there, and it's unlikely the average homeowner is in a good position to make the best strategic decisions.
Here are 6 great reasons to rent instead of sell your home and this was before most owners were locked in 4% rate golden handcuffs.
6 Reasons Why You Should Rent Out Your Home Instead of Selling
If though you want information on selling we have many teammates who would be happy to help, and understand the dyanmics of both decisions better than most. You can find out more about them here.