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Answers (4)
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
No problem! Good luck.
- zuluqueen
- Contributions:2
Thank You Penny and Cindy!
I really appreciate the input. This advice is helping me quite a lot,
to figure out how to handle the situation.
Thanks again
I really appreciate the input. This advice is helping me quite a lot,
to figure out how to handle the situation.
Thanks again
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
Consult with a local Realtor to see what you could reasonably expect to get in rent. If the numbers make sense, talk to a management company to handle the lease. And get recommendations from their current owners. Also, invest in a home warranty so that the initial out of pocket charge is usually paid by the tenant and the home warranty company picks up some/all of the rest. Most of all, screen possible tenants very carefully. It is worth the wait to get someone who can prove they have the means to pay and whose credit is not trashed.
- Penny Clissold, "BestRealtorEver"
- Contributions:17
Rentals are really up now and you can probably get more than you think. Plus anything you do to improve it is a right off. If you sell it now
it sounds like you would take a loss. You dont want to really make a lot of income you want to aquire assets with other peoples money. Then when the market rebounds sell it. Good Luck! Penny Clissold
it sounds like you would take a loss. You dont want to really make a lot of income you want to aquire assets with other peoples money. Then when the market rebounds sell it. Good Luck! Penny Clissold
I'd like to understand the pros and cons of renting out my condo versus selling it.
I bought it in 2007, so no equity. It's on the market for less than what I bought it for.The dilemma is being an out of town landlord, and I'm not sure I can charge, in rent, what it actually costs me to live here. Any advice would be helpful.
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