Should You Rent Your House or Sell It?
Should you rent your house or sell it?
Watch above (or read below) to consider some of the key questions that you should keep in mind when making this decision.
One of the first things to consider is whether you will be a hands-on landlord or hire a management company. If you choose to be a hands-on landlord, it's important to understand what that entails and the responsibilities you'll have. On the other hand, if you choose to hire a management company, it's important to consider the fees involved and how they may impact your return on investment.
In the Atlanta metro area, there are three main types of rentals to consider: short-term rentals, industry rentals, and long-term rentals. Short-term rentals, such as Airbnbs, can be a good option, but recent city ordinances have placed some restrictions on them. Industry rentals, geared towards the movie industry, may be a good option for sellers who have a property that meets the industry's specific needs. Finally, long-term rentals are typically what most people are familiar with and involve 12-month leases or longer.
When exploring these different rental options, it's important to consider the costs associated with each one. This may include things like insurance, property management fees, and maintenance costs.
This can be a big decision that requires careful consideration. If you're weighing your options, reach out to us and we will be happy to help you explore the different possibilities and make the best choice for your situation!