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Updated almost 2 years ago on . Most recent reply
Rent or Sell 4 BR (Hawthorne, CA)
Hi, I'm Jonathan. I have a million questions so I've been lurking, but I guess I need to start somewhere. I am stationed in Los Angeles for another year or so and I will likely be relocated to the East Coast, so I will be forced to choose between selling or renting this property out. I am mid-way through top to bottom cosmetic and functional renovation but I will say it is mostly things I can do myself (paint/hardware).
It is a 4 bedroom 10 minutes south-west of the new stadium construction very near the 105. It has a flintstones pool/slide, gas fireplace, 2-car garage plus 2 parking driveway but the metal gates on the alley are manual (should I automate for a few K? even if selling?)
I can see fairly decent AirBnB potential being 15 minutes from the beaches, LAX, the stadiums (give or take), but I am sure single-family rental is a more solid prospect. On the other hand, I might be able to flip for a reasonable margin next year and forego the stress of managing or dealing with pm's from 3000 miles.
What would you do?
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Most Popular Reply
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I probably wouldn't keep it as a long term rental. AirBnB maybe but it appears to be too high end of a property to get a good return on the money you have invested into it. Also pools are a big liability with rentals, especially one like that with all kinds of dangerous potential jumping places (roof, top of waterfall, slide stairs, etc.)