12 Reasons To Rent Out Your Property

Reasons to rent out your property

When buying a new home, most people just sell their existing residence without even considering the possibility that it may be more beneficial for them to keep the property and rent it out. Here are 12 reasons why renting out your home, rather than selling it, could make good sense: • If you are moving away temporarily and plan to return to the property. • If you are buying a property with your partner, renting out one and selling the other could provide you with enough capital to buy your new home and earn rental income from the other property. • Your house isn't selling, but you need to move quickly. • You can afford to buy your new home without selling your current property and want to become a landlord as a long-term investment and benefit from the rental income it generates. • Monthly rental prices in London are at an all-time high with demand outstripping supply meaning that you can make good income from renting out property. • If you keep the property for an extended period, you stand to make a sizeable profit when you come to sell. • If you're relocating, you can retain a property in London.