Should a senior rent a room or sell?

Renting out a room in place keeps a senior in their existing home and adds income without the disruption of a move, while selling converts the home's equity into cash and removes the upkeep of a larger property. Renting a room means taking on a tenant relationship and the responsibilities that come with it, which is not the right fit for everyone. Selling is usually the better fit when upkeep, stairs, or isolation have become the bigger problem than the income gap. Joel Boss can talk through both paths.