Albany NY: Sell or Hold 4 - Family Unit

[Chris Lemons]

Hi all,

I've been reading around BP for a while now but this is my first post. I am moving away from Albany within a year and am debating whether or not I should keep a 4-unit property I have. It is in a good neighborhood and I have had no problems keeping it fully rented.

My total yearly ROI on this is 9.5% but would drop down to 5.2% if I were to have a property manager take care of it. However, I would continue to build equity and benefit from rising home prices in Albany.

If I were to keep, there are probably some bigger expenses I need to make soon including new roofing and possibly decking. I am also unsure about the risk of being OOS with a PM taking care of it. I would love to hear some of your thoughts on this.

Thanks,

Chris