Benefits of Renting Out Your Elderly Parents’ Home When They Move

At some point, you may realize that one or both of your parents cannot stay in their property. We get a lot of calls from people who need help, and at Sacramento Delta, we have been personally involved in our own parents’ decisions to downsize. Maybe your parent is moving into a nursing home or moving in with one of their children. It’s better to make these decisions when your parents feel involved and supported. 

Renting Out a Parent’s Home

Maybe you and your siblings cannot decide what to do with your parent’s home. It’s overwhelming enough to come up with a plan to take care of a person – your parent. They might feel like moving out of the home is very final. That can be scary, and saying goodbye to a house is hard. When you choose to hold onto the property and rent it out, the situation can seem more hopeful for your parent. We have dealt with this in the past, and it gives parents and their adult children more peace of mind. 

Professional Property Management for Your Parent’s Home

Sometimes, the adult children live in New York or across the country, and they are already stressed because they know it will be hard to take care of their parent. Moving mom or dad out of a place they have lived in for 40 or 50 years is difficult. You’ll need someone who can effectively manage the property, and keep it in good shape. A good property manager can even generate some income that can help pay for your parent’s care. Sometimes, you’ll need to use the rental income to pay for assisted living and nursing home care. 

Put Off Difficult Decisions

There are many benefits to renting the property out, and one of the major benefits is that it puts off some big decisions. You don’t want to squabble with family members or leave your parents feeling like they don’t have a say. Renting the house out allows you to revisit decisions later and focus on caring for your mom or your dad. 

This is something we want you to think about because we are emotionally connected to this topic, and we understand your desperation and your concerns. 

If you have any questions about what to do or how to move forward, please contact us at Sacramento Delta Property Management. We know what it’s like to be overwhelmed, and we can help you start this conversation.