{"id":4806,"date":"2019-01-05T08:00:00","date_gmt":"2019-01-05T16:00:00","guid":{"rendered":"https:\/\/blog.liv.rent\/?p=4806"},"modified":"2023-04-11T17:07:12","modified_gmt":"2023-04-12T00:07:12","slug":"should-you-sell-your-rental-property","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/","title":{"rendered":"Should you sell your rental property?"},"content":{"rendered":"

Who doesn\u2019t appreciate the passive income a rental property provides? Every month, like clockwork, you receive a payment from your tenant. It can serve you very well right through retirement. However, there are a number of other considerations that may encourage you to sell your rental property. We\u2019ve provided a list of some key reasons to weigh up if you should sell, or continue to rent.<\/p>\n

Are you good at your job?<\/h2>\n

Take a long hard look at your performance as landlord and be honest with yourself. Are you too emotionally invested in the property or with the tenants? Are you letting rent payments slip, avoiding regular inspections to avoid conflict? This is not benefiting your investment or your bank account. If you allow your property to fall into disrepair, its value will decrease as will the quality of tenant you are trying to attract. In a case like this, you may want to hire a professional property manager or simply list the place and invest your money elsewhere.<\/p>\n

You Want to Cash in<\/h2>\n

You have a college-bound child or your retired parents need some help. Life happens and sometimes your money is needed elsewhere or likely to earn better elsewhere. Though there are always risks to playing the market, if you\u2019ve owned a rental property for 5+ years, the probability you\u2019ll profit is good. And, if you\u2019ve been a diligent landlord, adequately maintaining the property and making necessary upgrades, you will likely earn even more in the sale.<\/p>\n

Part of the Plan<\/h2>\n

You may have bought the property knowing a certain event would trigger a sale. These might be exactly the scenarios discussed previously \u2013 college bound child or retirement costs. In which case, the sale is part of your initial plan and a thoughtful, warranted decision.<\/p>\n

The Property isn\u2019t Performing Well<\/h2>\n

Obviously, if you are losing money, you may want to sell. Cash flow is the best way to determine the viability of your rental property. If you are finding it hard to attract and keep tenants and are still saddled with mortgage payments and other expenses, selling makes perfect sense.  Alternatively, do an analysis of comparable properties to determine whether you are charging the right rent. It is possible that you have underpriced your property and might fare better, from a profitability standpoint, charging more rent.<\/p>\n

In addition, consider using the liv.rent<\/a> app to find qualified tenants, book viewings, sign contracts and generally, manage your property(ies) better.<\/p>\n

You want to try your hand managing a different property<\/h2>\n

You may have bought an inexpensive rental to get into the market but you now would like to manage a better property that warrants higher rents. Alternatively, perhaps your rental needs some expensive repairs like a new roof or foundation and you are reluctant to sink any more money into this investment. This might be the perfect time to sell and trade up.<\/p>\n

Is the Time Right For You?<\/h2>\n

Remember, you don\u2019t have to sell, ever. After all, owning a rental property is often a key part of any passive income stream portfolio. However, if you decide to, make sure your decision is well-informed, objective, and fundamentally in your best interest financially and\/or emotionally. You will always feel better about your decision knowing the reasons were sound.<\/p>\n

\n

To begin creating, managing, and sharing listings as a landlord, download the liv.rent app from the App store<\/a><\/strong> or the Google Play<\/a><\/strong> store or sign up here<\/a> <\/strong>from your computer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Who doesn\u2019t appreciate the passive income a rental property provides? Every month, like clockwork, you receive a payment from your tenant. It can serve you very well right through retirement. However, there are a number of other considerations that may encourage you to sell your rental property. We\u2019ve provided a list of some key reasons […]<\/p>\n","protected":false},"author":3,"featured_media":29280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[540,520,542],"tags":[579],"acf":[],"yoast_head":"\nShould you sell your rental property? | liv.rent blog<\/title>\n<meta name=\"description\" content=\"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should you sell your rental property? | liv.rent blog\" \/>\n<meta property=\"og:description\" content=\"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\" \/>\n<meta property=\"og:site_name\" content=\"liv.rent blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liv.rent\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-05T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-12T00:07:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2018\/10\/genericheader3-1_rentalresource_2021_03_30.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kristina Ikavalko\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@liv_rent\" \/>\n<meta name=\"twitter:site\" content=\"@liv_rent\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kristina Ikavalko\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\"},\"author\":{\"name\":\"Kristina Ikavalko\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/person\/d848b746dd0bf9661e52be319d6921ae\"},\"headline\":\"Should you sell your rental property?\",\"datePublished\":\"2019-01-05T16:00:00+00:00\",\"dateModified\":\"2023-04-12T00:07:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\"},\"wordCount\":595,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/liv.rent\/blog\/#organization\"},\"keywords\":[\"Landlord Tips\"],\"articleSection\":[\"Finances\",\"Landlords\",\"Rental Management\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\",\"url\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\",\"name\":\"Should you sell your rental property? | liv.rent blog\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/#website\"},\"datePublished\":\"2019-01-05T16:00:00+00:00\",\"dateModified\":\"2023-04-12T00:07:12+00:00\",\"description\":\"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.\",\"breadcrumb\":{\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/liv.rent\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Should you sell your rental property?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/liv.rent\/blog\/#website\",\"url\":\"https:\/\/liv.rent\/blog\/\",\"name\":\"Liv Rent\",\"description\":\"Rental Made Easy\",\"publisher\":{\"@id\":\"https:\/\/liv.rent\/blog\/#organization\"},\"alternateName\":\"liv.rent\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/liv.rent\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/liv.rent\/blog\/#organization\",\"name\":\"Liv Rent\",\"alternateName\":\"liv.rent\",\"url\":\"https:\/\/liv.rent\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/liv-rent-logo-1.png\",\"contentUrl\":\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/liv-rent-logo-1.png\",\"width\":1000,\"height\":457,\"caption\":\"Liv Rent\"},\"image\":{\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/liv.rent\/\",\"https:\/\/twitter.com\/liv_rent\",\"https:\/\/www.instagram.com\/liv.rent\/\",\"https:\/\/www.youtube.com\/channel\/UCyx0INp1qqQ2Xhw-rMiqQiA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/person\/d848b746dd0bf9661e52be319d6921ae\",\"name\":\"Kristina Ikavalko\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0a5bbf3fd596506205981f6d985d6969?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0a5bbf3fd596506205981f6d985d6969?s=96&d=mm&r=g\",\"caption\":\"Kristina Ikavalko\"},\"description\":\"Creative Content Creator for liv.rent, based in Vancouver.\",\"url\":\"https:\/\/liv.rent\/blog\/author\/kristina\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Should you sell your rental property? | liv.rent blog","description":"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/","og_locale":"en_US","og_type":"article","og_title":"Should you sell your rental property? | liv.rent blog","og_description":"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.","og_url":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/","og_site_name":"liv.rent blog","article_publisher":"https:\/\/www.facebook.com\/liv.rent\/","article_published_time":"2019-01-05T16:00:00+00:00","article_modified_time":"2023-04-12T00:07:12+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2018\/10\/genericheader3-1_rentalresource_2021_03_30.png","type":"image\/png"}],"author":"Kristina Ikavalko","twitter_card":"summary_large_image","twitter_creator":"@liv_rent","twitter_site":"@liv_rent","twitter_misc":{"Written by":"Kristina Ikavalko","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#article","isPartOf":{"@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/"},"author":{"name":"Kristina Ikavalko","@id":"https:\/\/liv.rent\/blog\/#\/schema\/person\/d848b746dd0bf9661e52be319d6921ae"},"headline":"Should you sell your rental property?","datePublished":"2019-01-05T16:00:00+00:00","dateModified":"2023-04-12T00:07:12+00:00","mainEntityOfPage":{"@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/"},"wordCount":595,"commentCount":0,"publisher":{"@id":"https:\/\/liv.rent\/blog\/#organization"},"keywords":["Landlord Tips"],"articleSection":["Finances","Landlords","Rental Management"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/","url":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/","name":"Should you sell your rental property? | liv.rent blog","isPartOf":{"@id":"https:\/\/liv.rent\/blog\/#website"},"datePublished":"2019-01-05T16:00:00+00:00","dateModified":"2023-04-12T00:07:12+00:00","description":"Does it make sense to sell your rental property or continue rent revenue?\u00a0Here is a list of reasons to weigh up if you should sell, or continue to rent.","breadcrumb":{"@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/liv.rent\/blog\/landlords\/should-you-sell-your-rental-property\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/liv.rent\/blog\/"},{"@type":"ListItem","position":2,"name":"Should you sell your rental property?"}]},{"@type":"WebSite","@id":"https:\/\/liv.rent\/blog\/#website","url":"https:\/\/liv.rent\/blog\/","name":"Liv Rent","description":"Rental Made Easy","publisher":{"@id":"https:\/\/liv.rent\/blog\/#organization"},"alternateName":"liv.rent","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/liv.rent\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/liv.rent\/blog\/#organization","name":"Liv Rent","alternateName":"liv.rent","url":"https:\/\/liv.rent\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/liv.rent\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/liv-rent-logo-1.png","contentUrl":"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/liv-rent-logo-1.png","width":1000,"height":457,"caption":"Liv Rent"},"image":{"@id":"https:\/\/liv.rent\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/liv.rent\/","https:\/\/twitter.com\/liv_rent","https:\/\/www.instagram.com\/liv.rent\/","https:\/\/www.youtube.com\/channel\/UCyx0INp1qqQ2Xhw-rMiqQiA"]},{"@type":"Person","@id":"https:\/\/liv.rent\/blog\/#\/schema\/person\/d848b746dd0bf9661e52be319d6921ae","name":"Kristina Ikavalko","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/liv.rent\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0a5bbf3fd596506205981f6d985d6969?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0a5bbf3fd596506205981f6d985d6969?s=96&d=mm&r=g","caption":"Kristina Ikavalko"},"description":"Creative Content Creator for liv.rent, based in Vancouver.","url":"https:\/\/liv.rent\/blog\/author\/kristina\/"}]}},"_links":{"self":[{"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/posts\/4806"}],"collection":[{"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/comments?post=4806"}],"version-history":[{"count":1,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/posts\/4806\/revisions"}],"predecessor-version":[{"id":41980,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/posts\/4806\/revisions\/41980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/media\/29280"}],"wp:attachment":[{"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/media?parent=4806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/categories?post=4806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liv.rent\/blog\/wp-json\/wp\/v2\/tags?post=4806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}