It’s a stressful time during the current crisis, even if you’ve moved many times before.
Selling your home might be difficult as you’re preparing to move out. In this case, we recommend that you consider holding onto the asset and renting it out. There are a few important benefits to this. First, you can earn some consistent rental income from anywhere in the world. Second, you’ll have the property ready for you if you decide to move back here. You can always sell in a year or two years or 10 years, depending on how things work out.
We work with all owners and landlords who are out-of-state all the time. It’s our experience that as long as you have experienced, responsive Albuquerque property management, you can rent out your home from anywhere in the world.
Rent Until the Albuquerque Real Estate Market Improves
Instead of leaving your house vacant on the sales market when you move away, why not rent it to some great tenants so you can at least earn some rental income and help defray the costs of maintaining the property?
This is an option that works especially well for members of the military who move a lot. It allows you to earn money on your asset right now, and over time that home will also continue to appreciate in value. You’ll build more equity. And, when the market is a bit stronger and you’re feeling more comfortable about the sales price you can earn, we’ll discuss the benefits of selling.
Holding Onto Your Albuquerque Investment
The housing market in Albuquerque is always competitive, and while we stay on top of the trends and forecasts, no one knows how things are going to shift. By renting out your home when it doesn’t sell right away, you’re able to keep a valuable asset that’s only going to grow more valuable.
If you decide you want to return to Albuquerque, you might find yourself priced out of the real estate market at that time. You’ll have to raise a lot more capital to buy a home here. If you rent out the home you already have rather than trying to sell it, you’ll still have that investment here. You can sell it in order to buy something else or you can move back into it. Renting out the property gives you options.
Professional Albuquerque Property Management Provides Peace of Mind
If you’ve never been a landlord before, you may be wondering how you could possibly find a tenant and rent out your home while remaining on active duty in the military.
There’s no need to worry about the details. Professional property managers are able to protect your home and deliver peace of mind. A good management company will help you prepare the property for the rental market, advertise it to potential renters, and screen applicants thoroughly to ensure you’re placing someone who will pay rent on time and take care of your home.
Once a tenant is placed, your property manager will collect rent from them and deliver it to you. There will be regular maintenance performed, emergencies responded to, and a careful tracking of income and expenses. You’ll be able to view all statements, invoices, inspection reports, and tenant communications.
We can help you navigate this process. With our experience working with military owners and families, we have the systems, the processes, and the technology in place to help you rent out your Albuquerque home. Contact our team at Bruni/Karr Rental & Management Agency.