General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago, 05/09/2023
To keep renting or sell
I have a property that I have been renting out for about 6 years. The mortgage is $830 a month and I rent it our for $1850 per month. There is about 250k in equity. I am having to evict the current tenant for non payments for the past 3 months and my property management company is merging with a different one because of health reasons of my current one. Do you all think it would be wise to keep renting with the healthy profit or sell and wait to see what the real estate market does? Im leaning towards keeping it rented because of the low mortgage. Just wanted any other insight.