Severe Thunderstorm Warning issued January 22 at 6:42PM EST expiring January 22 at 7:45PM EST in effect for: Citrus, Hernando, Pasco, Sumter
Tornado Watch issued January 22 at 6:32PM EST expiring January 22 at 10:00PM EST in effect for: Citrus, DeSoto, Hardee, Hernando, Highlands, Hillsborough, Manatee, Pasco, Pinellas, Polk, Sarasota, Sumter
Coastal Flood Statement issued January 22 at 5:01AM EST expiring January 23 at 12:15AM EST in effect for: Pinellas
High Surf Advisory issued January 22 at 5:01AM EST expiring January 24 at 1:00PM EST in effect for: Pinellas
Lake Wind Advisory issued January 21 at 2:56PM EST expiring January 23 at 7:00PM EST in effect for: DeSoto, Hardee, Highlands, Pinellas, Polk, Sumter
Some people looking to move are opting to rent out their homes as opposed to selling.
Though doing so could be perilous, renting out a house could be profitable in some markets, according to housing analytics company Zillow.
Zillow released a study Friday showing the 10 best markets to rent out a home for a short-term gain.
“When deciding if they should sell their home or rent it out, most mom-and-pop landlords are primarily concerned with whether or not they can cover their mortgage payment each month – they simply can’t absorb monthly losses like professional investors,” Zillow Chief Economist Dr. Stan Humphries said according to a news release.
“However, the greatest returns are actually in markets like San Jose and San Francisco where there are significant short-term monthly losses, but the long-term earned equity makes them the best markets to invest in.”
The data is for the top 50 U.S. metro markets. For the full study, click here. Check out this chart to see the best places to rent out a home for a short-term gain.