The Accidental Landlord

The accidental landlord

Sometimes we can't help but move because of job pressures, family issues or other unforeseen circumstances. But what about the house? If we're lucky enough to find a buyer in today's market, we'll be lucky to pay off what we owe, let alone get any of the equity we planned on, right?

The good news is that, although there are few itchy buyers nowadays, there are more renters than there have been in a long time. True, many former homeowners are fleeing to condos, apartments or townhomes, but for some, they can afford - and prefer or even need - more space and privacy; they just can't swing the down payment, or don't want to be tied down to one location until things turn around.

Why not rent your home? If you can bring in enough on rental revenue to cover your mortgage, you may be better off with a sale in a stronger market, plus you may enjoy some tax advantages to keeping the property in your name. Read More.

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