Why might an individual owner choose to lease their property?

An individual owner may choose to lease their property primarily to generate rental income from a residence. Leasing provides a steady stream of income, which can help cover mortgages, property taxes, and maintenance costs. This strategy allows the owner to capitalize on their investment by turning their property into a source of revenue while retaining ownership of the asset.

In contrast, selling the property immediately does not facilitate ongoing income and would result in relinquishing ownership entirely. Using the property solely for personal use would negate the opportunity to earn rental income and is not a financial strategy aimed at profit. Finally, removing the property from the market does not make sense as a leasing strategy because leasing actively engages with tenants, contrary to withdrawing the property from potential rental income.