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Old 08-19-2014, 07:33 AM
 
155 posts, read 267,749 times
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Have a house in pearland. Given the market rent or sell. In great condition. Please help
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Old 08-19-2014, 07:39 AM
 
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Unless the neighborhood is in decline I would rent it out. Now, i think it goes without saying that being a landlord comes with responsibilities you need to be prepared for.
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Old 08-19-2014, 08:30 AM
 
Location: Non Extradition Country
2,165 posts, read 3,774,287 times
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East of O'Day road I would rent it. West of O'Day road I would sell especially if you are closer to 288.
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Old 08-19-2014, 08:46 AM
 
1,835 posts, read 3,267,339 times
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I second DSL_PWR - I have a couple pearland rentals...Both rent easily, but the ones on the east side of Pearland command more money and have better tenants who in my 7 years or so of renting have been of a higher caliber and left the house in much better condition.

The rent easily covers your cost though. If you choose to rent screen your tenants carefully...good credit only, no evictions, no criminals records....make them pay an application fee to run their credit/background. Its a landlords market...you will get 10 applications in 2 weeks, so you can afford to be picky.
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Old 08-19-2014, 09:01 AM
 
155 posts, read 267,749 times
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The property is in Silverlake.
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Old 08-19-2014, 10:22 AM
 
1,835 posts, read 3,267,339 times
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Quote:
Originally Posted by houstonsuburbs View Post
The property is in Silverlake.
Its really up to you what you decide to do - I think the values in Silverlake are pretty stable....they are not going to skyrocket, or plummet either way.

Silverlake is better than say Sunrise Lakes, or anything on the North side of 518...if you do not need the money, you can rent it easily - just be sure to be picky with who you rent too.
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Old 08-19-2014, 05:02 PM
 
Location: Houston, TX
31 posts, read 118,693 times
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I'd have to agree with marksmu about being picky if you decide to rent. If you aren't up for dealing with being a landlord and all that comes with it working with a realtor/property management company might be your best bet.
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Old 08-21-2014, 12:31 PM
 
48 posts, read 89,110 times
Reputation: 49
If it is breakeven for your mortgage, I would not bother renting it . Just sell
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