Run the cash flow
Rent minus mortgage, taxes, insurance, repairs, vacancy and any management. NJ property taxes make many single-family rentals thin on cash flow.
Know NJ landlord rules
Security deposits are capped at 1.5 months’ rent, many towns require rental registration and inspections, older homes face lead-safe rules, and eviction law is tenant-protective.
Don’t forget the tax clock
The federal home-sale exclusion requires two of the last five years as your main home. Rent too long and a later sale may be taxable.
Compare
Get a net proceeds number from the seller net sheet and a rent estimate. I can give you both.
Questions, answered
Is it better to sell or rent my house in NJ?
It depends on cash flow, your appetite for being a landlord and the tax timeline. Compare net proceeds from a sale with realistic rental returns.
General information, not legal, tax or lending advice. Rules change; confirm with your attorney, tax professional or lender.