A recent Reuters article revealed that accidental landlordship is on the rise as evidenced by a 14% increase in renter insurance policies, according to USAA.
Renting a home in today’s tough-to-sell housing market can make the difference between falling on hard times or foreclosure and surviving the test of time.
Plus, rental income, the article says, can help you hold on to a depreciated home and can give you great tax benefits.
That said, it isn’t always easy to find a renter for your home when so many people are competing for quality tenants today. According to research firm Reis, Inc., occupancy for rentals reached 7.8%, its highest level since 1986.
Some landlords are getting creative by marketing their homes not only for long-term leases, but also as short-term furnished rentals – such as a corporate or vacation rentals.
You can read the full story online.
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June 29, 2016
I think that it is important to be able find a home that works for you. I think renting furnished homes is a lot easier. That way you can find a home that works for you.