Lately, a lot of homeowners have been surprised to see their listings sit on the market longer than expected. It’s frustrating — the weeks drag on, and meanwhile the mortgage, insurance, and upkeep costs keep rolling in.
Here’s the thing: if selling isn’t happening right now, that doesn’t mean you’re stuck. Renting your home could be the right move until the market shifts again. And you may want to consider your short-term and mid-term rental options, so as not to make a long-term commitment to renting. A short-term or mid-term rental could allow you to bring your home back to the market when the time is right.
Some benefits worth considering:
- Rental income helps cover your expenses
- You hold onto your equity while waiting for the market to rebound
- Demand for rentals on the Monterey Peninsula is strong
- You keep your flexibility for the future
I’ve seen many homeowners breathe a huge sigh of relief once they decided to rent instead of letting their home sit empty. And the best part is—you don’t have to take on the stress yourself. MontereyRentals.com handles the details: listing your properties on all major platforms, making bookings and collecting rent, coordinating maintenance, and sending money to your bank – no muss, no fuss!
If you’re wondering whether renting might be a smart fit for your situation, let’s talk it through. No sales pitch—just an honest conversation about your options.
Jan Leasure, Managing Broker
MontereyRentals.com