Written By: Jacquelyn Annete García Vadnais There has been an increased interest in renting out one’s home or an investment property to tenants in recent years. Many speculate that there is a great deal of potential for profit and sufficient opportunity for a homeowner or real estate investor to increase their real estate portfolio in the medium or long term. When deciding whether renting out your home or an investment property is a smart decision, it is essential to weigh the overall costs in order to ensure renting the property is a good decision. Below is a list of important pros and cons to consider when deciding whether renting out your home or investment property is the best strategy. Important Pros of Renting Out Your Home Higher Income There is no doubt that a landlord who rents out an investment property or a homeowner that rents out their own home will have an increase in income . This is particularly true if your property is located in a valuable neighborhood with a great sc