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Updated about 3 years ago on . Most recent reply
Moved out of state and struggling with Property
I recently moved out of my home state of NH. I still have my first investment property and am currently residing in Fl. I’m struggling with managing the property. Currently have top unit rented out and bottom unit just left after a 2 yr lease. I had my father in law helping with property when any problems would arise but it’s become too much for him with us out of state. This is my first investment, I want to continue to make income off properties. Needing advice on whether to sell and buy again where I’m living now or if it is a better option to get a property management company to take care of the home/tenants.
Current house stats-
$2500/month top unit rental income lease ends in May. Bottom unit was rented at $1250/month, Current estimate for new rent would be $1500/month. Mortgage is $2400/month.
Home currently valued at $430k-450k. Purchased for 315k.