Keller WIlliams Luxury Logo
Home » Renting better than a vacant home

Renting better than a vacant home

by | Mar 19, 2008 | Hawaii Real Estate | 0 comments

Saw this article on Realtor.org and was remineded on what good advice it is. For those having a hard time selling their homes don’t forget the rent option…read below.

If a house doesn’t sell, owners should consider renting – and hiring a real estate professional to manage the property, experts say.

Renting out a house rather than leaving it vacant is almost always a better option, says Eileen Landau, an associate with Realty Executives in Naperville, Ill. She tells her clients to plan to rent the property for several years, get some income and “get on with your lives.”

Some are afraid they’ll lose a tax-free sale. But sellers only have to live in a home for two of the last five years to claim the capital-gains exclusion, so even if that is an issue, sellers have three years to rent, Landau adds.

Once a home is rented, any fix-up costs are tax deductible, points out Rob Massey of Rentals.com.

An empty house is hard to insure and it’s a target for vandals. “A vacant house goes downhill fast,” says Karen Rhodes, an associate with Happy Home Realty in Chattanooga, Tenn.

Recent Posts

Big Island Featured Restaurant & Activity – October 2025

Big Island Featured Restaurant & Activity – October 2025

Featured Restaurant: Brown’s Beach House If you’re looking for a tasty, elegant, open-air dining experience look no further than the Brown’s Beach House restaurant at The Fairmont Orchid in Mauna Lani Resort. Its Chef de Cuisine, Junior Ulep, is a celebrated...

read more
August Sales Statistics for the Big Island Resort Areas

August Sales Statistics for the Big Island Resort Areas

Real estate activity was spotty during the month of August, but slightly up over the month prior. Mauna Lani Resort led the way in condominium sales with three closings, followed by Mauna Kea Resort with two and single condo sales in Kohanaiki, Kūki`o and Waikoloa...

read more
The Window Buyers Have Been Waiting For

The Window Buyers Have Been Waiting For

Interest Rates, Inventory, and Opportunity Aligned According to the National Association of Realtors, more than 7 million buyers have been sitting on the sidelines, waiting for interest rates to drop into the fives. That moment has now arrived. Through our partners at...

read more
So, You Want a Place on the Ocean?!

So, You Want a Place on the Ocean?!

By Dan Polimino Of course you do! I was meeting with a client at a local eatery and he said to me, “It’s always been my dream to have a place in Hawai`i right on the ocean.” And why not? I mean, it’s one of the reasons why you would move to Hawai`i or own a second...

read more
September 2025 Featured Restaurant & Activity

September 2025 Featured Restaurant & Activity

Featured Activity: Atlantis Adventures Submarine Tour Discover the magic of Kona’s undersea world while diving over 100 feet beneath the sea in an eco-friendly, 48-passenger submarine. Learn about Kona’s marine mysteries in the air-conditioned comfort of this Coast...

read more

Recent Listings

Call Now