Should
I sell or rent out my house while I am overseas?
What should I do with
my house?
If you are
smart enough to already own your home - good for you!
Should you
sell it or rent it out? The answer depends a lot on
your emotional attachment to your home. Do you view it
as just an investment? Or do you see it as some
place sacred for you to keep and treasure all your life?
Your home as
an investment
Financial
security is an important issue for those of us who live
overseas. I would encourage you to view your home as
just an investment. Don't sell it, keep it for
long-term gain - if - you live in an area where you can
expect prices to appreciate in the long term. If it is
not, sell it and invest the money elsewhere. If you
plan on returning home in only a few years - keep it,
but rent it out for the income.
Renting out
your home
If you view
your home as an investment, you should rent it out so it
produces some income - or return on investment
for you. This is money you can save for later in life
or for your return to your home country. Use your
property to help secure your future.
Rental property software is a good idea for keeping
up with the money coming in every month. The author of
this website uses rental income to supplement his
retirement income.
Hire
professional management for your rental house
Get
professional management. They know how to manage
property the right way. It's what they do. Don't leave
such a valuable asset in the hand of amateurs - like
friends or family. It's a good way to hurt your
relationship AND hurt your finances.
See the page
on this website called:
How can I manage real estate from overseas?
