When It’s Easy to Be a Landlord, No One Wants to Sell

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The offers came in and she agreed to sell it for $240,000, but when the negotiations dragged on she decided to walk away. And why not? Within weeks she had a tenant paying $1,900, more than enough to cover her expenses, and she plans to relist when prices are higher. In the meantime, she’s collecting rent checks.“I’m not going to take a concession when there’s an even greater return to renting it,” she said.Decisions like Ms. Allam’s have become so common that Redfin recently began rolling out a new service for owners to list their homes for rent instead of — or in addition to — for sale. Historically, Mr. Kelman said, real e …

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