Make sure you have the right temperament.
Once a home is sold, most people close the door and move on emotionally. Not so when you’re renting out a property, Davis says.
“Psychologically as well as financially, people still have an umbilical cord attached to a property they own while tenants are living there. If you know you lack the nerves you need for renting and yet you must move, you might be better off selling without delay,” he says.