Should I Rent Out My Home?

If you are in the fortunate position of having an extra property, one income-generating method is placing it for rent. There are many homes and apartments for rent the are owned by private individuals. They do this sometimes to finance other properties, for retirement income, or maybe because it was inherited. Massanutten has properties for rent, but they are also owned. The timeshare model is a little strange, but those are also put up for rent. They are pretty nice places, if you can’t go far away, like Davos. How much to charge for rent? Check Zillow online.

Pricing places for rent, or when checking apartments and their equivalent value, is a balancing act. If the rent is too high, people will settle for apartments. If it is too low, you may not cover your costs. That can be acceptable, if you are holding it for a long period of time as an investment. The prices for homes on Zillow fluctuate from year to year. I don’t know how much homes cost in Davos, but I expect even apartments are pricey. Maybe Massanutten will put my homes in-network?

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