Are you thinking about selling your home in 2021? But you’re also not sure if you should rent it out?
This is an understandable question to have, because the real estate market is on fire, especially in Portland, where homes often sell for tens of thousands of dollars over their asking prices.
In this article, we will provide you with insight into why you should rent your home, and the benefits that you will enjoy from being a landlord.
Why Rent Your Home In 2021?
Demand – The demand for rental properties in Portland, and other cities nationwide is only growing, as more people want to rent vs. buy.
Predictability– Once you become a landlord, you can expect predictable cash flow from your rental property that will come in on a monthly basis.
Tax Benefits – As a landlord, you have the ability to write off any ordinary and necessary repairs to your property, including depreciation.
Convenience – If you plan on moving back into your rental home, the property will be available to you in the future and you won’t have to go through the hassle of buying another home.
Diversification – Owning a rental property is important, especially if you own stock, because it helps to diversify your portfolio so you can enjoy another source of passive income.
Contact Rent Portland Homes
At Rent Portland Homes, our property management team holds years of expertise in managing both Single Family Homes and Multi-Unit Apartments in the Portland Oregon area.
With our friendly, knowledgeable and efficient property managers will help you locate and screen quality tenants who will keep your rental income flowing and your property in top-notch shape.
To learn more about the property management services that we can offer you, contact us today by clicking here.