When a homeowner needs to move, most assume they will be selling their house. When I meet with clients during a seller's meeting, we explore their priorities and the range of options for their situation.
Part of that picture may include renting their home—either temporarily or long term—whether they're moving nearby or relocating out of the state or the country.
Sometimes a homeowner chooses to rent out their home because they know the rental market is strong (they'll likely have their choice of tenants). Also, with home prices having increased significantly in recent years, acquiring an investment property now or in the future may cost well more than they paid for their home when they first bought it.
And some just want to know that they or…