Home Hasn’t Sold Yet? Lease it!

You have found the home of your dreams. But your original home hasn’t sold yet. You don’t want to sell it at a discount, but you don’t enjoy making two mortgage payments, either….

Have you considered the tax advantages and the positive cash flow that you can enjoy if you rent that home instead of selling?

Although the market is hot for rental property in Midland TX, that hasn't always been the case. But if your investment choices are sound, and your property is carefully managed, you can prosper in any market. We started in property management in 1986, at the bottom of the bust. When you learn and grow during the lean times, the good times are a bonus, but not necessary.

A property management professional can make all the difference. A professional make-ready means that good potential residents will be more attracted to your home, and will be willing to pay a higher rent. It also means that the resident you lease to will respect your property and treat it as though it belongs to him. Proper screening to be sure that the resident is qualified to live in your house means that it will be well cared for. If the person who is leasing your property is warm, enthusiastic and professional, people will want to move in and stay at your property. If the property manager is also strong and knowledgeable you will be glad for those residents to stay!

These same skills are invaluable when it is time for the resident to renew the lease. If he has been treated well, and good care has been taken of him, he is likely to stay with you much longer. This will decrease your turnover expenses and lost rent, and steadily increase your income and bottom line.

And at the end of the year, you will like the tax implications…..

McCourt Real Estate has specialty skills in property management. Caren is a CPM, Certified Property Manager, a designation awarded by IREM - the Institute of Real Estate Management to a very few individuals who master the course work and attain the experience, while living up to the ethics required. This extra education and experience will put more dollars in your pocket, and increase the appreciation of your asset.