Converting your home to a rental

Converting your home to a rental

Turning your current home into a rental property when you move is a simple way to buy and own more properties. This approach is an option if you can afford to own two properties. Holding onto your current home when your're buying a new one is more advisable if your're moving within the same area so that your're close by to manage the property. This approach presents a number of positives.
You save the time and cost of finding a separate rental property, not to mention the associated transaction costs.
You know the property and have proably taken good care of it and perhaps made some improvements.
You know the target market because the house appealed to you.

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In the immortal words of Ed

In the immortal words of Ed McMahon

"You are correct sir..."


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