Paycheck Chronicles

Rent or Sell?

100_5655If you own a home, it is a good chance that a deployment or PCS will cause you to leave that house.  Then you'll have to decide - rent or sell?  Never an easy question, I've gathered several articles that will help you figure out which choice is best for your situation.

From the Military Officers Association of America comes this article:  To Rent or to Sell

SmartMoney.com:  Should You Rent Out Your House or Sell It?

360 Degrees of Financial Literacy:  Should I Sell or Rent Out My Present Home?

Bankrate.com:  Sell or Rent in a Slow Market?

As you can see, there are many things to consider.  My family owns a house that we rent out, and we've been very fortunate that we have a fantastic property manager and that we purchased when houses were still somewhat affordably.  Our current home is tough to rent because the market is so expensive and we don't have a good professional to take care of it for us.  Hopefully, these articles will help you to look at all sides of the situation and make a decision that you feel good about.

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