Are You Ready to be a Rhode Island Landlord?
Sometimes Rhode Island landlord options pop into RI homeowner minds. Sparked by my conversation with an expired home listing homeowner the other day that called on my for my local RI real estate expertise. This homeowner had a 5.8% current mortgage, owned the house for 14 years and is ready to move to his retirement NH home. And he is moving 4 hours away. So putting his South Kingstown home for sale was the right option to do.
So you now think you can be a Rhode Island landlord and rent your home instead of selling?
With a property management company taking care of your home that works. In fact, it would be the only rental option I would recommend to this soon to be out of state seller. Having someone ready to respond to house issues, collecting the rent, ensuring landscaping is cared for and stopping in periodically to ensure all is well is a must. So sometimes you personally are not ready to be the landlord but a well served property management company is your best Rhode Island landlord solution.