Leaving the US? Experts Explain Whether It’s a Good Financial Move To Keep or Sell Your House
April 28, 2025 Executive Insights Real Estate InsightsMake Your Move Easy
Save yourself hours of research and way too many phone calls with all of the different home service providers.
Get StartedPopular personal finance advice website GoBankingRates explored the trend that a small but growing number of American homeowners are interested in moving abroad. Reporter Jake Safane interviewed Gabe Abshire, founder and CEO of Move Concierge, to get his thoughts on the financial burdens these families will face if they move to another country.
“Homeowners leaving the country for a long time should consider selling if they don’t have the means to cover the expensive costs associated with renting. If you can’t rent your property, you are still on the hook with maintenance and taxes, without that monthly rent check,” said Gabe.
Plus, trying to manage your property abroad can be more of a hassle than it’s worth.
“Being a landlord is tough enough when you are local; when you live several time zones away, management becomes even more of a challenge,” Abshire explained.
Granted, there are all sorts of property management companies that can help you with the logistics, but that adds another cost, and it doesn’t guarantee that you’ll have renters.
“The risk is what happens if the home goes unoccupied for an extended amount of time. If that happens, the entire cost will fall to you, so be sure you have enough capital to cover all your bases if you don’t want to let go of your American home,” Abshire said.
Read the full article on GOBankingRates.com
