Episode Details

Many retirees find themselves at a crossroads when deciding what to do with their existing property as they move into their dream home. Would it be best to sell, or should you consider becoming a landlord? Drawing from personal experiences and real client scenarios, Phil and Marc will explore the pros and cons of turning a home into a rental property in this episode.

Here’s some of what we discuss in this episode:

• 1:50 – Pros and cons of renting out a property in retirement
• 4:39 – Managing rental properties and dealing with tenants
• 9:41 – Understanding the potential downsides of rental properties
• 11:55 – What’s the right option for you?

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts