As the market continues to correct itself many homeowners have turned to the idea of renting their property out as opposed to selling it. With this idea comes many unanswered questions and uncertainties. It is important to sit down with a property management professional to discuss different options that exist as well as realistic expectations one can have including vacancy time, projected rents, maintenance and repairs, etc. Often times people assume that they can handle most things on their own and in some circumstances they can, however, more often than not a property management professional is going to have a great deal more of resources, connections, and overall understanding of the rental market.
When comes time to decide whether or not to rent out your home, sit down with a professional to gain better understanding of a complex and ever-changing industry.