Should I Rent or Sell My House

Should I Rent or Sell My House


hello my name is Fernando Herboso with
Maxus Realty Group in today I’ll be discussing a question I get very
often which is should I rent my house instead of selling
it you know that this study has concluded 10 I personal bias prefer to rent out
less residence rather than stalin when purchasing the next on in on you have to understand
a lot times by is preferred to keep their houses because they want to keep
and preserve the value of the property which the equity data received in if there’s a way they can offset the
payments that they have to do the mortgage payments versus the payments are they gonna be
used to inform a new tenant it does make sense to try to maintain
this property is a rental rather than stellar net but in some cases we have to understand
that you may have to sell your problem on a4a for you to have enough money to purchase
UNIX home so that’s another problem day you may face but let’s talk
about if you decide it the you want to rent a house in this
tale of selling it and let me show you some questions that you may ask yourself the before renting your home enough question number
one it’s always how would you respond if your tenants say so they cannot
afford to pay their rent this morn because of more
pressing obligations you know this happens during peak
holiday seasons in a christmastime where people need money for expenses and
you may have the printer I’ll which is your tenant a asking new of to wat to receive your payment so
this is something that you have to consider when you are renting a house to an
individual to you are not really familiar how’d they behave with
their payments in how to behave with the bills thing what type responsibility in this
appliance that they have themselves so that’s the chance you
taking Wenger rent a property the question number two
will be because of the economy many homeowners can no longer make their
mortgage payments what percent of tenants do you think can
no longer afford to pay the rent so if you’re in the area for example
around washington DC were day tenancy laws really favor a lot more to live attendance then the
landlords you may 5 me you may face yourself a with a huge problem when you’re ten
and may not be able to make the payments but they had the right to remain in the
property without pain for a certain period and meanwhile you
have to keep those payments to Europe bank your
mortgage payments had to be babe you wanna personal you credit so there’s a
very important thing to consider when you renting house another question number tree will be have you ever interview and experience
in the X in the turning case the you have to challenge a tenant this is a bit stressful situation for
any person looking to rent a house when you had to
go to the court system to make your tenant pay you money another question the you need to
ask you selfless have you talked to an insurance
company about possible increase in premiums as liability in greater often on on off
by home meaning day you may end up paying more
insurance if you’re renting a house especially in the in area that the insurance company may
find to be a very risky for damsel you need to
speak to your insurance company to see how
much more or how much less im a close your insurance if you
thinking about renting your house another question is that
would you allow pets cats dogs and how big is a dogging in
this is a very important question for you because a lot of families do have
pets etc and that they moved with debts and you
have to understand that issuer coincidence saying Knoll 100
percent not to any bets near you wanna cut down on the number of applicants for
your property possibly in above fifty percent of the
people and this is not a good thing damn
because dan is gonna take you longer to rent in his obey important danger you may
consider directing with a bed maybe something
that you may be able to do by maybe charge in an extra the policy
to all maybe putting some stipulations during the
negotiation of your lease contract number six how was actually collect the
wrecked by mail in person the number on by
soldiers give to people is that I prefer for the tenant to do a direct
deposit to the landlord this is a very important
process because in deal you’re not really an means touching making sure you
maintaining a relationship with your tenant in that is becoming more and more
personally more friendly that then they will have to
liberty to maybe ask you to hold on and they’ll have the money can police
help be your whatever you prefer to have unknown
relationship with a tenant and did less contact with them the better for you and you prefer for
the money to go directly to you director add to your bank account front
airbag bank account and they will be no problem for that
injury money would come every single for so the Mont number seven repairs are part of being a landlord
pools dak 10 and calls for repairs rights in
this is very important for you to realize you taking in assuming a lot of
responsibility for a whole family living in another
house there you will have no idea what they’re doing it having parties or not in what did whether they do into the house that
eventually made break you may have achieved maybe putting
something in Flushing down the toilet toy use or something implying up to hype you may end up having to pay for
disappears for days in this may happen in the middle of the night end so lemme you have to be ready to take these calls at the worst times you may end up spending hundreds of
dollars repairing things that but that you have
to repair because someone did not take care of this stuff in the
driveway soul abusing the products that you have
in your house may be more prevalent wat tenants that they have kids but it’s very hard
for you to prove that they were abused in it India they
may be construed the same is just in I’ll a regular break and
terrible problem of a product because yeah his longevity of how long you’ve
had ed in a eventually you end up paying for
the whole thing in x1 is up %uh do you have a list of class people
readily available to handle this affairs you’d better have those things ready
especially a plumber which is an emergency English tuition
another emergency does to are very important for you to
have I prior to put in the proper in the market
priority for you to have a tenant in and your property to make sure you know
who to call in case something happens well as electrical plumbing the
other question number nine how often will you
do a physical inspection the property normally you can you don’t have the
right to just burst into the house and knock on the
door see him here to proceed to inspect the property you can not do that that’s against the
law you have to keep your attendance right golf for you not to but into their
business and you had to giving enough warning days Monday 24 48 hours depending what you contract you please
contact says but you have to give been warning how long is going to be I’ll when are you going to make
inspection of the property you want to the dais especially once every year to making sure that your
property has been taking care of allowed times I see lol hours cannot
forget about is they come back three years later and
ages horrified to find out their property has
not been taking care of in his son mess and they have to greed drove the whole
thing so you need to have an inspection prep
release once a year in number 10 we’ll alert you turn
a boost to your rent in the house you know this is something that you have
to understand the reason why would put dissing here is because you want to have they help for your neighbors to making
sure the Incase something that’s happened to give you a
call are you want your neighbors now to be day watchdogs for your house in is a
very important that you maintained a relationship to
this neighbors because you want to know what’s going on in your house old times the bone lines
days renting al residential real estate
historically is a great investment for you however it is not with those challenges make sure you had decided to rent a
house because you want to be in the Investor now because you’re hoping to get a few
extra dollars by postponing a cell if you’re
deciding to rent a house please give me a call and I’ll be glad to give you more information more directly related
to your property the location how much you could expect
on a monthly basis from the tent my name is for another also I am a broker owner for Maryland DC and
Virginia for Maxis Realty Group I can help you rented property or I can
help you get top dollar for the property if you
decide to sell please feel free to give me a call I 301 246 seal seal seal on where you can get
more information by going to our website www really nice
on the comp slash selling thank you have a great day

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