February 5, 2025 - 13:04
As remote work policies shift back to in-office requirements, many homeowners are facing an unexpected challenge. Those who must relocate for work find themselves grappling with a tough decision: should they sell their current home or opt to become landlords by renting it out?
The prospect of becoming an "accidental landlord" can be appealing, especially in a housing market that may not favor sellers. Renting out a property can provide a steady stream of income and the potential for long-term appreciation. However, this route is not without its complications. Managing a rental property requires time, effort, and a willingness to handle the responsibilities that come with being a landlord, such as maintenance issues and tenant relations.
Additionally, homeowners must consider the financial implications, including taxes and insurance. As the landscape of work continues to evolve, many individuals are left weighing their options carefully, balancing the desire for financial stability against the challenges of property management.
