"If you're renting your home out, somebody else is paying your mortgage," said Dave Watts, co-founder of For Rent By Owner Inc.
The Castle Rock firm helps owners lease their houses and provides property management services for out-of-town owners.
"Eventually, you'll have your house paid off, and it can become a significant part of your retirement," Watts
Dave Watts, co-founder of For Rent By Owner, Inc., stresses the retirement benefits of buying homes, then renting them.
and some financial planners say long-term apprecia- tion and tax benefits can be good reasons to rent your home, the rental market hasn't been immune to the slowing economy.
says careful planning and competitive pricing can still make renting a good deal for homeowners.
suggests being conservative when determining rent - possibly even multiplying the value of the house by 0.005 instead of 0.0075.
also recommends checking the classifieds to see how much other owners are charging to rent comparable houses in the neighborhood.
estimates an owner can save several thousand dollars a year on their taxes alone.
"And if you have a $300,000 house and it appreciates just 3 percent next year, you've still made $9,000," he