In this episode, we delve into the dilemma faced by sellers in the current real estate market: should they sell their homes now or rent them out in hopes of better values in the future? The episode features Lyndel Johnson from Real Property Management Luxury in Houston. 

We also focus on the importance of landlord-tenant relationships, which not only ensures tenant satisfaction but also preserves the property’s value.

The episode is packed with insights for sellers navigating the fluctuating real estate market, particularly addressing the current trend of increasing mortgage rates and its implications on selling versus leasing decisions. This episode is not just informative but also equips you with the tools to make well-informed decisions in a fluctuating real estate environment.

In this episode, you’ll learn: 

• Pros and cons of selling versus leasing properties


• What is the impact of fluctuating interest rates on the housing market


• Importance of maintenance fund


• Rent your property, leave it vacant or sell?

Must-listen moments: 

[00:01:44 ] Do we sell or rent properties in the current market scenario

[00:02:26 ] Current state of interest rates and how they affect buying decisions

[00:03:13 ] A comparison with the high mortgage rates of the early 1980s

[00:04:08 ] Adjusting buyer expectations to the current market

[00:05:07 ] Forecasting the rise in property values: Discussion on the potential for property values to increase in the future

[00:06:16 ] Maintenance considerations for renting: The importance of having a maintenance budget for rental properties

[00:07:28 ] Tenant responsibilities in renting: what expenses are typically covered by renters

[00:08:24 ] The financial viability of renting below mortgage costs: Analyzing whether renting at a loss is better than a vacant property

[00:09:55 ] Role of property management companies: the benefits of hiring professionals to manage rental properties

[00:14:32 ] Importance of landlord-tenant communication: the significance of timely responses to tenant issues

[00:17:08 ] Key steps in renting out a property: the process for preparing a property for rental

[00:20:23 ] Legal aspects of renting: Understanding and complying with changing rental laws and regulations

Guest: Lyndel Johnson

Real Property Management Luxury Houston

https://www.linkedin.com/in/lyndel-johnson/

https://www.rpmluxury.com/contact-us

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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

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📌More Helpful Content:

▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE

▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU

▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

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https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

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