Should I Convert My House into a Rental?

March 24, 2025

Why Converting Your Home into a Rental May Be a Bad Idea: Many homeowners, when moving out of their primary residence, consider turning it into a rental property instead of selling it. On the surface, this may seem like a great idea, especially in high-appreciation markets. However, there are several

Who We Are

Mills Wealth Advisors

MILLS WEALTH ADVISORS

Your Fiduciary Financial Advisor in Southlake, TX

Stop by our Southlake wealth-management office, just off TX-114 and minutes from Westlake, Trophy Club, and Colleyville, to meet the team that’s guided North Texas families and business owners for 25 years. Mills Wealth Advisors delivers fee-only financial planning, retirement-income strategies, tax-efficient investing, and exit-planning expertise to clients across the Dallas-Fort Worth metroplex. Tap the map below for turn-by-turn directions or give us a call to book your complimentary discovery meeting today.

Driving Directions – Westlake TX 76262 → Mills Wealth Advisors, Southlake

Leave Westlake
- Head south (≈ 350 ft, restricted-use road).
- Turn left toward Trophy Club Dr / Westlake Pkwy (≈ 440 ft, restricted).
- Turn left onto Trophy Club Dr / Westlake Pkwy (0.1 mi).
Join TX-114 East
- Turn right onto TX-114 Frontage Rd (0.4 mi).
- Use the left lane to merge onto TX-114 E (1.4 mi).
Exit for Dove Rd / White Chapel Blvd
- Take the Dove Rd exit (0.5 mi) and keep right.
- Continue on W State Hwy 114 (0.9 mi).
North White Chapel Boulevard
- Turn right onto N White Chapel Blvd (0.3 mi).
- At the first traffic circle, take the 2nd exit to stay on N White Chapel Blvd (2.2 mi).
- At the next traffic circle, take the 3rd exit (≈ 460 ft).
Arrive
- Turn right; Mills Wealth Advisors will be on the left after ≈ 130 ft.
- Address: 1207 S White Chapel Blvd #150, Southlake, TX 76092.

Driving Directions – Trophy Club TX 76262 → Mills Wealth Advisors, Southlake

Leave Trophy Club
- From Hamper Ct, head southwest to Hogans Dr (≈ 350 ft, restricted).
- Turn right onto Hogans Dr (0.2 mi).
- Turn right onto Indian Creek Dr (≈ 400 ft).
- Turn left onto Trophy Club Dr and continue toward TX-114 (0.4 mi).
Join TX-114 East
- Turn left onto TX-114 Frontage Rd (0.4 mi).
- Use the left lane to merge onto TX-114 E (1.4 mi).
Exit for Dove Rd / White Chapel Blvd
- Take the Dove Rd exit (0.5 mi) and keep right.
- Continue onto W State Hwy 114 (0.9 mi).
North White Chapel Boulevard
- Turn right onto N White Chapel Blvd (0.3 mi).
- At the first traffic circle, take the 2nd exit to stay on N White Chapel Blvd (2.2 mi).
- At the next traffic circle, take the 3rd exit (≈ 460 ft).
Arrive
- Turn right; Mills Wealth Advisors is on the left after ≈ 130 ft.
- Address: 1207 S White Chapel Blvd #150, Southlake, TX 76092.

Driving Directions – Colleyville TX 76034 → Mills Wealth Advisors, Southlake

Depart Colleyville
- Head northwest (≈ 85 ft) to Colleyville Blvd.
- Turn right onto Colleyville Blvd (0.2 mi).
Pleasant Run Road
- Turn left onto Pleasant Run Rd (2.0 mi).
- At the traffic circle, continue straight to stay on Pleasant Run Rd (0.6 mi).
South White Chapel Boulevard
- Pleasant Run Rd becomes S White Chapel Blvd—continue for 0.5 mi.
- At the next traffic circle, take the 1st exit (≈ 312 ft).
Arrive
- Turn right; Mills Wealth Advisors is on the left after ≈ 131 ft.
- Address: 1207 S White Chapel Blvd #150, Southlake, TX 76092.

Driving Directions – Keller TX 76248 → Mills Wealth Advisors, Southlake

Keller Parkway (FM 1709)
- Head east on Keller Pkwy toward Rufe Snow Dr.
- Pass Scooter’s Coffee on the right. Distance: 1.5 mi.
Southlake Boulevard
- Continue straight; Keller Pkwy becomes W Southlake Blvd. Distance: 1.0 mi.
Davis Boulevard (FM 1938)
- Turn right toward Davis Blvd / S Randol Mill Ave (112 ft).
- Turn right onto Davis Blvd and continue 0.7 mi.
W Continental Boulevard
- Turn left onto W Continental Blvd. Distance: 1.7 mi.
- At the traffic circle, take the 2nd exit to stay on W Continental Blvd (≈ 370 ft).
Arrival on S White Chapel Boulevard
- Turn right, then the destination will be on the left after ≈ 130 ft.
- Mills Wealth Advisors – 1207 S White Chapel Blvd #150, Southlake, TX 76092.

1207 S. White Chapel Blvd.
Suite 150
Southlake, TX 76092

For more than twenty-five years, we’ve been serving the financial needs of businesses, individuals, and families in Southlake, Texas and around the country.

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