One question I've been running in to on a regular basis recently is coming from homeowners who can't decide if they should rent or sell their home or condo.
With prices seemingly having already hit bottom, sellers are wondering if they rent their home for a period of time if they will get back some of their lost value or gain the benefit of value appreciation during the rental period.
There are many factors to consider when considering whether to rent or sell, so I created this video to cover many of them, including using the concept of gross rent multiplier to create an apples to apples comparison of your possible rental home to other area rental properties.
Also important to discuss are the benefits and burdons of vacation or long term rentals, self or professional property management, and potential appreciation. Every community is different. Pacific Beach, La Jolla, North Park, Clairemont, Carmel Valley, or every other San Diego neighborhood has different advantages and disadvantages to renting vs. selling.
If you are considering the possibility of renting or selling, give me a call. I'll be able to provide you a free, no hassle consultation to help you decide what is the best decision for you.