Are you about to become an accidental landlord & need help?

Are you about to become an accidental landlord & need help?

With historically low interest rates and affordable monthly payments, homeowners are realizing the potential of keeping their homes as rentals. Meanwhile, rental prices are soaring, making it an attractive option for generating additional income 

Here’s what to consider:

First things first is finances. I can connect you with a lender to explore your options. You should consider if you qualify for a mortgage on the new home while managing your existing mortgage payment. Your lender will assess your debt-to-income ratio. You should also determine if you have sufficient funds for a down payment on the new home without relying on the sale of your current home.

Here's how I can help:

I understand the challenges that come with managing rental properties. I am here to help! Whether it's tenant screening, rent collection, maintenance, or any other aspect of property management, I've got you covered. Sit back, relax, and let me handle the day-to-day tasks, while you enjoy the benefits of being a landlord. 

Next Steps:

It's fascinating how our circumstances can change and open new opportunities! Have you found yourself in a similar situation and you want to learn more about converting your existing home into a rental? Send me a DM or visit the link in our bio for a free consultation.

Whether I need take care of your rental property, or find you a new home, I can help you focus on what matters most.

Here are the Pros and Cons of Renting Your Home:

Pros:

• Rental Income: Generate passive income and build long-term wealth.
• Potential Appreciation: Benefit from property value appreciation over time.
• Tax Advantages: Enjoy tax deductions and benefits for rental properties.

Cons:

• Landlord Responsibilities: Dealing with tenants, maintenance, and property management.
• Market Risk: Property value fluctuations and changes in rental demand.
• Financial Considerations: Costs associated with property upkeep and potential vacancy periods

Here are the Pros and Cons of Selling Your Home:

Pros:

• Immediate Cash: Unlock equity and receive a lump sum of money.
• Simplified Finances: Eliminate ongoing property management and maintenance responsibilities.
• Opportunity for Reinvestment: Use the proceeds to invest in other ventures.

Cons:

• Loss of Potential Income: Forego future rental income and potential appreciation.
• Transaction Costs: Expenses related to selling, such as agent fees and closing costs.
• Capital Gains Taxes: Consider the tax implications of selling a rental property.