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sell vs rent out?


               
2022 Mar 30, 9:10pm   4,737 views  45 comments

by FortWayneHatesRealtors   follow (3)  

guys is there a good formula for this, how much orofit should rental bring a month to be worthwhile? got an SFR to sell or rent before moving out if state.

i can afford either option. highly tempted to just sell and not have mortgage on new place.

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44   HeadSet   @   2022 Apr 8, 7:19pm  

Eman says
As I mentioned previously, our PM company manages almost 100 units for us.

You are very fortunate to have found a decent PM company. My experience (along with a few others who hired PMs) is PMs are high priced and use your maintenance funds as a piggy bank for their contractor buddies. Stuff like spending $200 to reset a flapper valve in a toilet, or putting on a new roof without doing a tear-off of the old shingles but billing for a tear-off anyway.
45   Tenpoundbass   @   2022 Apr 8, 8:19pm  

Sell it and strategize where you think the mass exodus influx will land those fleeing over crowded Cities that lack the inventory. And try to position yourself to have land for the inevitable building boom in this country We're way past due for a building boom, and new cities and towns.

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