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My Journey Toward Financial Freedom—And the Simple Steps Anyone Can Take

By Melissa Hargreaves

“Money can’t buy happiness.” We’ve all heard this saying at some point in our life. But how true is it? You can’t go into the mall and pay cash and walk out with happiness in a shopping bag.

However, money can buy you freedom. When you are financially secure, you have the freedom to decide how to spend your time. You may have the money to walk away from a toxic relationship. Maybe it can give you the security you need to quit a job you hate and start your own business.

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Peace of Mind Property Management team 2025
Maryland Tenants' Bill of Rights paperwork stapled
Bridges to Housing Stability
tax tips for landords tax
"for rent" sign in front of rental property

Benefits of Renting Instead of Selling

Should I keep my house as a rental or sell it?

Deciding whether to sell your house or retain it as a rental property is a significant financial decision that homeowners often face. While selling a home may seem like the more straightforward choice, there are several compelling reasons to consider keeping your house as a rental property.

Let’s explore the strategic benefits of renting out your property, becoming a landlord, and retaining ownership of your property.

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Don’t sit on the sidelines: Get involved in NARPM®

Melissa Hargreaves, RMP®, has worked in property management since 2014, when she founded Peace of Mind Property Management. Peace of Mind serves the Central Maryland Region.

Melissa is the President-Elect of NARPM®’s Baltimore/Washington Chapter and is serving on the NARPM® Broker/Owner Planning Committee for 2023 and 2024. She is working on her Master Property Manager (MPM®) designation with hopes of completing it before the end of 2023.

The following article was written by Melissa Hargreaves and was originally published in the October 2023 issue of NARPM‘s monthly news magazine, page 27.

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fall rental property
Landlord calculating whether to sell or rent

Testing the Market to Sell or Rent Simultaneously

If you own a property that is no longer your primary residence, what should you do with it? Sell or rent? We understand how stressful that significant decision can be.

In a previous blog post called “Should I sell or rent out my house?” we discussed some important factors to consider. For example, what are your long-term financial goals? How is the current market? What are the potential risks?

For some property owners, it’s a clear decision whether they should sell or rent out their house. However, for others, either option would be a win for them. Perhaps they don’t have a strong preference either way, or they want to test the market. In that case, we at Peace of Mind Property Management offer a special solution: we can list the property both for sale and for rent at the same time.

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Inner Harbor in Baltimore City