Should You Sell Or Rent Your Old Home?

By John Wesley Walker II

We love serving our clients and making their goals possible! Our goal with every transaction is to build a relationship to make sure that our clients wants and needs are met. We pride ourselves on communication and quick action. Don't settle on average marketing and advertising when it comes to selling your property. Don't settle for an average agent that only sells 3-4 homes a year. You deserve an agent that knows the market and how to get the best results. Our team will do everything we can to exceed your expectations!

Have you moved out of your home recently and you’re wondering whether you should sell it or keep it as a rental property? It’s a big question that I hear all the time. The answer depends on a few key things. Let’s break it down, so you can make the best choice.

1. Do you need the money? First, ask yourself, “Do I need the cash?” If selling your home could help with your next move or other financial goals, that’s worth considering. You’ll also want to check how much equity you’ve built up. If it’s been a while since you checked the market, I can help you figure out how much your home is worth.

2. Are you ready to be a landlord? Being a landlord isn’t for everyone. Many people end up as “accidental landlords” and quickly feel overwhelmed. You’ll be responsible for repairs, tenants, and everything in between. If that sounds stressful, selling might be a better option. On the other hand, if you’re ready to take on the role, a rental property can bring in a steady income.

3. Is this the best investment? Not all rental properties are great investments. Your home may not bring in the best cash flow compared to other real estate deals. Selling your property could give you the money to invest in something that provides better returns. If you’re serious about real estate, it’s worth looking into the numbers to see what works best.

4. Do you know the process? If you choose to rent, you need to know the rules. Tenant laws are different in every state, and you must follow them. You’ll also need to find and vet tenants carefully. A good tenant will follow your lease, but a bad one could cause problems. Advertising the property, screening applications, and managing lease agreements all take time and effort.

Selling or renting is a big decision, but you don’t have to do it alone. I can help you understand your options and guide you through the process. Whether you need to know your home’s value, learn landlord basics, or decide what’s best for your goals, I’m here to help. You can call or text me at (318) 794-6769, and we can discuss your next steps and find the right solution for you. Don’t wait—get the answers you need today!