Owner-Occupied Transition

After purchasing a new home, the owners wanted to hold on to their prior home as a long-term investment. We discussed the rental market and the this property's potential rental income. The owners had a few improvements underway, which delayed the listing a few weeks. Once the property was listed, the market had shifted [...]

It was time to transition this property from an owner-occupied home into a rental unit. After reviewing the pros and cons of renting seasonally versus annually, the owners decided to lease their property as an unfurnished annual rental. This format would maximize rental income, minimize vacancy and utility expenses, as well as eliminate the [...]