Home Not Selling? Consider Renting it Out!
If your home isn't selling, you may want to convert it to a rental property. If you are in a situation where you must sell your home but aren’t able to sell at a price that will pay off your mortgage, you may want to convert your home into a rental property! Renting out your home can lessen the financial burden, and you might even be able to turn a small profit!
Here are reasons why renting out your home might make sense:
-You temporarily need to relocate to another location but may move back in the future.
-You can't sell your house for an acceptable price now, but plan on keeping to sell later at a higher price.
-Rental income provides cash flow that may cover your mortgage, taxes, insurance and other expenses.
-Mortgage principle balance continues to decrease monthly.
-Rental property tax breaks offset rent or other income. (See your Accountant for details).
Looking for a professional Property Manager to handle all aspects of your rental property? If your answer is yes, look no further!
Acuity Group is a full service Property Management company, located in Elk River, MN. We specialize in leasing and management of residential homes.
Thinking of Renting Out Your Home? Click HERE to Schedule a Free Rental Analysis
Acuity Group Real Estate Professionals
564 Dodge Ave Suite A
Elk River MN 55330
OUR SPECIALTIES: Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals, Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales. Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.
Serving the following Minnesota Counties: Sherburne, Anoka, Wright, Hennepin and portions of Isanti County