Leasing Your Home When The Rent Is Lower Than Your Mortgage Payment... Episode 266

Leasing Your Home When The Rent Is Lower Than Your Mortgage Payment... ... it definitely seems like a MAJOR problem but it doesn't have to be there are a growing number of "Accidental Landlords" out there homeowners that never planned to rent out their home are finding themselves in a precarious situation where they might just have to it usually happens when the owner does not have sufficient equity to sell their home in the current real estate market and most don't want to (or can't) bring cash to closing to make the deal work so they end up trying to rent out the home and list the rental price high enough to cover the mortgage payment in many cases they find that the home sits empty and they are forced to lower the rent to the market rate every month its unrented is money that is lost forever what if that the rental price ends up being $200 less than the mortgage payment it doesn't have to be the end of the world as there are 3 specific ways to win 1- The mortgage balance is most likely going down by at least that much each month 2- the property value will likely go up 3%-4% over the next year 3- you can get a write off on your taxes for depreciation tune in to today's show as we break down all the details

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