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Updated over 11 years ago on . Most recent reply

User Stats

137
Posts
36
Votes
Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
36
Votes |
137
Posts

Not sure what to do with my Rental???

Mike Hoefling
  • Rental Property Investor
  • Worcester, MA
Posted

So, I relocated for a job and started renting out my single family residence..which may have not been a good idea, I am not sure. Anyways, the house is rented and not covering the mortgage and expenses (negative cashflow). What I am trying to figure out is if I should continue making repairs and attempt to make it cashflow positive or fix it up to sell.

Current Issues: Leak in basement and retaining wall by the driveway that need repair.
Minor Issues: Water pooling in backyard, deck could use work (functional, but not pretty)

Has anyone had any similar problems?

Any ideas on how I should plan on moving forward?

Mike

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