Driving down the streets of the city, you’ll see a lot of Santa Cruz homes for sale. What you’ll also see, however, are homes for rent. What’s the difference? Why did these people decide to rent out their home? Why did that homeowner become a landlord?
There are a lot of reasons for renting out your home, rather than adding it to the list of Santa Cruz homes for sale:
1. The competitive factor – The current housing market is great for homebuyers, but not so great for home sellers. With so many homes to choose from, your property has to stand out from the rest to get sold. Sometimes, it could take months, or even years, to sell your house. During that time, renting can be a good way to make the house profitable.
2. Belief that the area will…