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TBH I don't understand the mentality of most renters to begin with. And like I said earlier in the discussion, I really tried to be the "nice" landlord at first.. I used to give little discounts off December's rent as a Christmas present and be a little flexible with late payments. No more though. Now I give nothing, and am flexible with nothing. And I know that sounds ass hole-ish, but I found out really quick that if you give an inch they will try to take 100 miles.
Agreed! I am going to be way better off financially just selling and cutting my losses, then to take this risk.
So the house is not expected going up in value. You have not really made any money out of it, especially if you get a bad renter, which is about a 50/50 chance. Plus all the headache with worrying about the house.
i agree, a property manager wouldn't make sense in your case.
I am not an expert but by using common sense, I would agree on selling and be done with it.
So the house is not expected going up in value. You have not really made any money out of it, especially if you get a bad renter, which is about a 50/50 chance. Plus all the headache with worrying about the house.
i agree, a property manager wouldn't make sense in your case.
I am not an expert but by using common sense, I would agree on selling and be done with it.
It is not expected to increase much at all in te next few years. Plus dropping the equity on my new house, will put my payment about the same amount less as the profit I would make keeping the rental. Plus I can do some improvements.
I might lose money on the old house, but I made it up with the purchase of the new one.
It is not expected to increase much at all in te next few years. Plus dropping the equity on my new house, will put my payment about the same amount less as the profit I would make keeping the rental. Plus I can do some improvements.
I might lose money on the old house, but I made it up with the purchase of the new one.
I am! As soon as the awful tenant is out next week, the painter is going in and painting. Then the carpet guy is scheduled. The realtor has a staged lined up.
They say the market is hot right now so hoping for a quick sale!
If the house isn't making any significant money and the market is good, then sell! Particularly if you don't like the work and risk of being a landlord. I'd call that a no-brainer and get it listed for sale PDQ.
When you think it's ready to sale I suggest meeting your Realtor at the house and asking if any more work is necessary or if it's good to go as is. You're paying for advice and services, might as well get an expert opinion.
If the house isn't making any significant money and the market is good, then sell! Particularly if you don't like the work and risk of being a landlord. I'd call that a no-brainer and get it listed for sale PDQ.
When you think it's ready to sale I suggest meeting your Realtor at the house and asking if any more work is necessary or if it's good to go as is. You're paying for advice and services, might as well get an expert opinion.
I have had her at the house already. She says list it like it is, but I want to make it fresh and clean with paint and carpet. That should help it sell faster.
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