Sell or Hold until next year?

[Kumar Gaurav]

Hello,

I am somewhat confused whether to sell my owner occupied triplex or hold it little more longer. I had to move out of state due to a job change while my wife was managing the property ,thanks to my wife we managed to continue doing this for over six months since last August 2019, I was contemplating between selling the property or managing the rental from remotely after moving my family to my new job location before the pandemic struck. Post Covid-19 work has been mostly connecting from remotely so it did not really matter and things were really going well after I rejoined my family and two of my other units were fully occupied and rent has been rolling really well.Yesterday morning one of my tenants indicated they are planning to move out of state for another job change. I have three options now : find another tenant and kick the can up to an year and see how things progress, find another job locally or sell home. We are feeling inclined more towards selling the home as we find managing the rental from remotely overwhelming.Should I get in touch with a real estate agent and tell them everything and tell them to either find me a tenant or help me sell?Appreciate inputs from other members.

Thanks

[Derrick Dill]

Why not get a property manager? Accept the 10% loss and keep the place. I'm a busy guy, so I ain't got time to self-manage. Have come to terms that I won't get the full return from managing myself, but worth it. Tenant should have to pay to opt-out of contract as well

[Luke Stewart]

If it were me, I would definitely keep it and handle it remotely. There is definitely the technology and resources to be able to do that. If it becomes too much, you may want to just hire a property manager too.

[Kumar Gaurav]

@Luke Stewart

Thank you Luke! Appreciate if you can provide some tips on technology and resources.

Were you referring to home warranty by any chance?