Losing homestead exemption to rent

[Eric W.]

Curious what Texas landlords feel about this or how they calculate it into their decisions. The homestead exemption is a huge help in lowering your tax bill. I have been considering renting my hours out and moving but between needing property management and losing the homestead exemption I’m starting to think it begins to eat into my profits too much and then I start thinking maybe it’s better to sell. I have a 2.3% rate and 1935 payment including T/I. I think I could rent it for 3700-3900. Just trying to determine if this is a good idea to turn into a rental so I don’t lose the low rate or if it’s better to take the equity and tax break.