Sell or Continue to Rent

[Steven Groshong]

Hi all,

I have some tenants who just gave their 30 day notice that they’re moving. Should I sell or continue to rent?

Their reason for moving: over the weekend, while the husband was in the backyard, someone from over one of the neighbors fences shot him with a BB gun (hit him in the face).

They’re not the type to get the police involved (husband runs a police accountability non-profit) so I know that’s a dead end for me. The wife seemed uneasy with that when I brought it up. 

99% chance it’s someone’s nightmare child. I mentioned that they should ask the neighbor who we think it might be, if their child has a BB gun. Most parents would take away their child’s weapon after they’ve shot someone in the face. That would at least stop future occurrences.

So, now I’m wondering, sell the house (and buy a new one) or rent it out. 

What do you think? Recommendations?

[Joe Villeneuve]

I'd call the police, but if your tenant doesn't like the police, they aren't going to cooperate with them, so the police won't be able to do anything since there's no evidence...unless there was a witness,..or two.

Having said that, you haven't mentioned the more important reasons to sell or continue to rent it out.  What are the numbers with $$$ in front?