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.
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