Make Money by Renting Houses

With credit tighter than it has ever been, there is a serious demand for home rentals from those unable to obtain mortgages.

Houston (I-Newswire) March 12, 2013 - With credit tighter than it has ever been, there is a serious demand for home rentals from those unable to obtain mortgages. There is also a serious deficiency in the number of homes for rent. Because of this, some homeowners have begun utilizing a Rent My Homesystem, whereby people rent the homeowners primary residence.

Unlike traditional investment property, these rent my house systems are for people whose home has been their primary residence. Now, perhaps because the kids have moved out or there is simply a demand for less space, these homeowners are looking to downsize. However, because of this tight credit, they are finding few people able to purchase the home. Therefore, they simply rent out the primary residence and move into an apartment or condo, using their home to make money.

This situation benefits both parties: a young family is able to get the space they need to grow the family, while the homeowner is able to make a profit from their residence even if they cannot sell it. These rent my home systems are especially popular in areas that have been hard-hit by the recession. People should look into their local housing guides to find prices of apartments and homes in their area to see if this is an arrangement they would be interested in.

Analysts expect the housing market to remain lower than average for the next few years. Credit, too, is still likely to be tight as banks and financial institutions seek to deleverage from the downturn. Not only that, some people have taken an irreparable hit to their credit thanks to losing their home. All of these factors indicate that these home rental situations will remain popular in the near future. Therefore homeowners are advised to seek out these opportunities while they still exist.

If interested in these arrangements, homeowners should seek out local websites and apartment listings to find how much other homes are renting for in the area versus the price of apartments. If a person can make significant money renting their home while finding an apartment for a reasonable rate, they are advised to put up a listing. Once they have an agreement in place for someone to rent the home, they can then move into an apartment, knowing that rent is covered plus additional expenses. This allows the homeowner to build equity in the home for free while also living rent free.

About Pandghomes

P&G Homes, LLC is Houstons' premiere real estate solutions company, and since our inception we have    More..been helping homeowners along with improving the communities we work in.Through our extensive knowledge of the business, network of resources, and expertise, we are able to assist homeowners with a wide variety of real estate problems.Less..

Contact Information

Tony Levis
8302 Pontiac Drive
Phone : 832-514-2084

Published in:


Published On:

March 12, 2013

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.

Related Releases

EMS Internet Reviews: A Look at the New After Effects CC
Graphic artists and photo editors now have a new thing in the market that can improve their job a notch better and easier with its advanced features. The new Adobe After Effects CC has hit the market, with a range of great and better features and too

World Bioinformatics Market Will Grow at a CAGR of Over 23.0% from 2014 to 2020 has announced the addition of "Global Bioinformatics Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.

L'Oral SA to Revolutionise Digital Beauty Experiences Globally with Sitecores Experience Platform
April 16, 2014 - Sitecore, the global leader in customer experience management software, announced today that Sitecore's experience platform has been selected by The L'OrŠ¹al Group to enable their marketers to deliver personalised customer experiences

Properties in Delhi and NCR - Living Full of Delight and Contentment
properties in Delhi and NCR - Delhi is considered to be most favored destinations for real estate investment. It is best location to live, play and work. It homes numerous of property dealers.

The Dark Horse at the South African Service Awards Is Purple
At the recent South African Service Awards, the purple-brand First Car Rental scooped the illustrious 'Most Consistent Performer over the Past Three Years' Award defeating all of South Africa's big industry and retail contenders.