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Today's topic is one we hear about all the time here in
Wilmington: whether you should rent your house or sell it. This is a valid
question, the answer to which depends on your particular circumstances.
The first thing you need to figure out is whether you're
ready to be a landlord. Being a landlord can be quite challenging: you need to
decide if you want to be the one responsible for managing tenants or if you
would rather hire someone else to do it for you. You've also got to make
various smaller decisions like whether you want to allow pets. Do you want to
rent to college students? If you do, are you going to require a cosigner?
As you can see, there are a lot of questions you need to
ask yourself before renting your home. That being said, residential rental
properties are pretty safe investments.
