June 23, 2024


Mad about real estate

Reasons Why Renting is Better Than Selling

There are several reasons why renting is a better choice than selling, with the main reason being the economy. The housing marketing has been in a slump with properties selling for less than their value. You don’t want to be part of the group who gets less than what they deserve for their home. Instead renting your home is a better choice since more people are looking to renting than buying because they can afford it more.

It’s also a good deal for you since you can live somewhere else and still own the property, yet have someone else pay your mortgage for the time being. You can rent it out for a year or so until the economy comes back up. Renting is great for this purpose since it’s intended to be short-term with six-month and year contracts usually signed. So when the market is in it’s best shape, then you will be ready to put your house on the market.

In the meantime, KeyRenter helps hundreds of people rent their homes out, specifically in Utah. Rental homes are popular because of the affordability. KeyRenter lists rental homes in Utah on several websites and screens applicants to be future tenants. It’s important to find a good tenant so you know payments will be made and damage won’t occur.

KeyRenter is a Utah property management company who takes on the responsibility of leasing, property management, and accounting for the homeowner. So not only will you have your mortgage being paid by someone else, but you’ll also have someone else managing the property and leaving you out of the hassle of paperwork and finances. They even handle maintenance problems since they have a 24/7 maintenance crew on staff. Renting is definitely the better choice compared to selling, especially if a Utah property management team is helping you.