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Updated over 6 years ago,
Thinking on selling my rental home in Fl
I’m now in Cali and have a rental Home in Florida Jacksonville area. I’ve had a renter in there for two years at 1300 a month mortgage was about 800. It’s been managed by rental property I realize it’s taking time and money for me to travel home and flip the home either for another renter. If we decide to continue renting our place out we have a new renter every year that’s one week of vacation that we could be using to go out of the country but instead have to go to Florida to do little fixes. This is our first time doing this and we thought since we live across the United States that is not a good idea to have a rental property since flying is involved but would be more ideal if we were Driving distance from a rental property. In the past two years with this first renter with little fixes throughout the year and their end lease approaching, We have made a profit of $6000 so is this wrong that we are deciding to sell our home instead of continually have a property management to run our home with a renter? In the end I think due to time and money we would rather spend that time and money on a vacation then have a rental property across the US as a burden to our schedule.