Have you been thinking about selling your Portland Oregon home but you’re not sure if you should keep it and rent it out? This is an understandable question to have since even though it may make sense to sell your home at first, the reality is that it could also be a better decision for you to keep your home and rent it out.
In this article will share with you several reasons why you should consider keeping your home and renting it out versus selling your home.
Why Should Your Rent Your Home?
The first reason why you should keep your home and rent it out is that there is a huge demand for rental properties in the Portland Oregon area right now because, the PDX area continues to remain one of the hottest cities for relocation in the state of Oregon.
If you choose to rent your home now, you can expect to rent it for top dollar almost immediately. This means that even if your home still is under mortgage, you should be able to rent it for an amount that will cover your mortgage, property taxes, and homeowner’s insurance without any problem.
Another excellent reason why you should consider renting your home out instead of selling it is the long turn benefits that come from owning rental properties. When you own a rental property, you can continue earning income from your home for years into the future long after you paid it off and you can also leave your home to your heirs.
Don’t Manage Your Rental Home Yourself, Hire A Property Manager
Although some people may tell you to just manage your rental property yourself, this is not advisable, especially if you are a first-time owner of a rental property.
Owning a rental property can take a lot of time and hassle out of your day and if you’re not prepared for the work it can indeed become like having a second or third job! This is why you should hire a professional property management company to manage your rental property for you.
When you hire a property management company to manage your rental property for you, you can count on all aspects of property management to be handled from start to finish including rent collection, maintenance, tenant screening, tenant placement and so much more!
With a professional property management company serving you, owning a rental property will truly be a passive endeavor. This means that you can expect a check to be mailed to you on a monthly basis or money deposited into your account without you having to do any work yourself.
Contact Property Management Systems
To learn more about the benefits that will come from hiring a property manager, or to speak with us about our Professional Property Management Services, contact us today by calling (503) 515-3170 or click here to connect with us online.