Rent or Sell - Which One to Pick For Your House?
Posted by Amanda Kittle on
Moving to a new place comes with many questions about the old place. What will you do with your old home? Would you sell it immediately, taking advantage of the increasing home prices? Or would you rent it short-term - allowing you to get more out of it before you sell it?
This "short-term rental" method is akin to renting a hotel room and has become a much-favored investment over the past decade. 28% of homeowners resort to taking this approach of renting their old home for a short term as a way to generate additional income.
While short-term rental is tempting, implementing it comes with more responsibilities, you may be willing to take on.
Read on to learn about the challenges you will likely face if you rent your home instead of selling…
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