Apr 23, 2014 in Homeowner. 0 Comment
If you’re in a situation where you have to decide whether to sell your home or rent it out, there are a few things you need to consider before making that choice. There are a lot of myths about being a landlord, so make sure you know the facts.
The Benefits of Being a Landlord
When you think of owning rental property, you may think about the hassles that come along with it. However, this may be a situation where the pros outweigh the cons. If you don’t want to deal with the day-to-day of being a landlord, there are property management companies that will tend to your rental house for a fee, which is usually around 10 percent of the amount you will be charging the tenants. For example, if the rent is $1,000 a month, you would pay the property management company $100 to do the hard part.