Should You Rent Out Your Home or Sell? (The Truth About Being a Landlord)
00:00:00.000 | As we consider our next home purchase,
00:00:01.680 | they have a growing family.
00:00:02.720 | There is a big decision as to whether we rent
00:00:05.400 | our current home to hang on of this cheap debt.
00:00:08.680 | What do you think?
00:00:09.520 | - Yeah, so this is something that we faced.
00:00:11.120 | And for me, I just don't want to be a landlord.
00:00:14.360 | How much incremental money is that going to be?
00:00:17.300 | And do I want to be a landlord?
00:00:19.280 | And the math for being a landlord works really well
00:00:24.000 | if you have full occupancy.
00:00:26.200 | But the margins on it, at least when I was doing the math,
00:00:28.520 | seemed to be like, oh, you know, 10, 20%.
00:00:30.920 | But if someone's not there for a month,
00:00:33.100 | like someone moves out and then you got to fill it,
00:00:35.020 | it just felt like all that headache,
00:00:37.140 | getting the call that the dryer break,
00:00:39.080 | something's flooding, I don't know.
00:00:40.400 | I just didn't want to deal with it.
00:00:41.580 | So as much as I felt like I had this great asset,
00:00:44.900 | I just said, I don't want to be a landlord.
00:00:47.240 | I will find other great assets to buy or invest in
00:00:50.120 | or do something with my time.
00:00:51.600 | And I sold it.