Is renting my home out to tenants right for me?

Before making this decision, there are a few questions which you should ask yourself first. What is my level of tolerance for maintenance issues which are going to inevitably arise when I rent out my home?

Do I have a reserve account set up to handle normal operating expenses which I will need to cover such as the mortgage payment, insurance, emergency repairs, etc.?

Can I detach myself emotionally from my home and now view it as an investment property?

It takes a specific mindset to handle the challenges of renting your home out. You have to realize that no matter how new your home is, there will be unexpected maintenance expenditures.

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