5 Costly Moving Mistakes Real Estate Experts Warn Homeowners Against

Moving is exciting—but a whole lot can go wrong, too.No matter your reason for relocating, you'll need to brace yourself for some tough decisions. From the timing of selling your old place to figuring out where to store all your stuff, experts agree that there are a number of things that are overlooked by homeowners during a move. Here's their advice to make sure you're not one of them!Mistake 1: Renting out your old home badlyIt may seem smart to hold on to your old place. After all, short-term rentals are all the rage right now—and you might even be able to find a long-term tenant and start collecting rent on the place.But that's the best-case scenario; you need to also consider the worst case.“Renting out a home can be a great investment—if you know what you're doing,” says real estate investor Mark Ferguson of Investfourmore.com. “The problem is, many people have no idea how to manage renting a home—like collecting rent and checking on tenants."Other landlord duties include maintenance, managing vacancies, and anticipating expenses."Landlords have to account for monetary outlays beyond what the rental payment covers, so some houses won't make money as rentals,” adds Ferguson.To...