PropertyManagementMaven: Renting Can Mean Freedom

Renting Can Mean Freedom

 

This has been my mantra for several years...many property owners who sell THEN want to RENT because they want to stay MOBILE and they wany to KEEP THEIR OPTIONS.  Many of our area homeowners who are going to rent when they move, KEEP their local property and not hassle with trying to sell it BECAUSE our area's rental market is so GOOD!!!

 

Renting Can Mean Freedom

by Michelle Carr-Crowe and the Get REsults Team, Top 5% Silicon Valley real estate agent & San Jose home selling specialist

As a real estate consultant, my job is to help people clarify their values, explore their options and make educated choices in line with those values.

Sometimes the right choice is to rent instead of own.

I'm probably one of the only real estate agents who will actively explore this option with a potential buyer. I consider it part of my service. How can a buyer truly know if ownership is better for them than tenancy if they don't look at both options?

For example, a Cupertino, Calif. home with a new monthly $3,000 mortgage is primarily comprised of interest, which is still tax-deductible. Assuming about 90% of it is interest in the first year, twelve months at $2700 is $32,400 in deductible interest. If the same property is rentable at $2000 per month, the monthly amount is less but there is no big tax deduction at the end of the year.

Sometimes the freedom of renting, knowing you can give a 30 to 60-day notice and move on if relocated can give a person peace of mind that offsets the financial benefit of the tax deduction.

Also, almost any home purchased in these times will require significant down payments (with the exception of low-down FHA and VA loans).

When you or someone you can about wants to explore ALL of the options, just call 408-252-8900.  

Aloha & God bless you,

Michelle

Michelle C. Carr-Crowe, DRE #00901962, and the Get RE$ult$ Team (established by the late Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Michelle is a creative catalyst for positive change in people's lives.She is a Silicon Valley-based multi-million dollar real estate consultant who works by referral only. Her designations include: Accredited Buyers Representative (ABR), Accredited Luxury Home Specialist (ALHS), Accredited Staging Professional (ASP), Certified Distressed Property Expert (CDPE),  Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES). In addition, she is an internationally-published freelance writer with over 1,000 traditional articles in print and online, as well as over 51,000 blog posts on Blogger, ActiveRain, MySpace, FaceBook, Realtor.com, Trulia, RealBird and others. She enjoys reading, traveling, animals, dancing, staging and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com or www.lynbrookhighhomes.com. For RE$ult$ ... Just Call ... (408) 252-8900.

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans


"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

Comment balloon 6 commentsWallace S. Gibson, CPM • December 29 2010 06:03AM

Comments

Good Morning Wallace, renting in California also has the advantage of a tax credit for the renter on their state income tax.  Nice repost.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA (Dan Edward Phillips, Humboldt and Del Norte Counties, CA) over 8 years ago

Amen. I moved out of my home several times and rented it out as I explored renting in other communities. It was freeing and refreshing.

Posted by Charita Cadenhead, Serving Jefferson and Shelby Counties (Alabama) (Keller Williams Realty) over 8 years ago

Agreed, and the days of owning a home for just a couple of years are over. 

Posted by Navona Hart, Selling the Best Properties in Central Virginia (Real Living Cornerstone) over 8 years ago

IMHO * Agents who continue to HARP on home buying is better than renting are ALIENATING the public

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) over 8 years ago

I see many people now just deciding to rent and for many reasons...

Posted by Dennis Duvernay Broker/Owner (Hillview Realty) over 8 years ago

Wallace, thank you for commenting and for the re-blog. Keep up your great work.

Posted by Michelle Carr Crowe,Altas Just Call...408-252-8900!, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) over 8 years ago

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