There are many great Jonesboro area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 870-847-7653 for a FREE home buying or selling consultation to answer any of your real estate questions.
If you're having trouble selling your home, should you try to rent it out? To answer that question, you should be able to answer the following:
- What if your tenant can't afford or stops paying rent? How will you handle a situation where your tenant says they can't afford rent and you can't get a hold of them?
- Have you interviewed an eviction attorney? You need to know how the process works so you are prepared. How quick can you get the tenant out and how long will it take to prepare the home for the next tenant?
- Do you have the savings you need to make sure you don't get behind? If your tenant stops paying rent and you have to evict them and repair the home for a future tenant, you need to have the funds to support yourself in the meantime.
- Who is going to make repairs? Do you have someone you can trust who can fix plumbing problems? If the heater or AC stops working, do you have a list of people you can call to fix the problem? You need to be prepared for the kind of things that inevitably break down around the house.
- How will you collect rent? If you are no longer living in the state, you may need to hire someone to manage the property for you.
- Will your home sell for more now than down the road? You never know what tenants you might have - know the risk that comes with letting strangers live in your property.
If you have any questions on this topic, don't hesitate to reach out to us by phone or email. We would love to hear from you!
