Should I rent out my house?
Renting can create income and keep an asset, but it also creates responsibilities, costs and exposure to property and tenant risk.
Model the whole picture
Estimate realistic rent and subtract mortgage costs where relevant, insurance, maintenance, management, void periods and other costs. Check current tax and legal rules before acting.
Compare flexibility
Ask whether keeping the property helps or restricts your next move. Consider how easily you could sell, refinance or return to the property if circumstances change.
Know your risk tolerance
Property ownership is not passive. Decide how comfortable you are with repairs, vacancies, changing regulations and the possibility that returns differ from your assumptions.
Work through my decision