Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

6
Posts
1
Votes
J.D. Barton
  • Real Estate Agent
  • Kalispell, MT
1
Votes |
6
Posts

Rent or sell that is the ?

J.D. Barton
  • Real Estate Agent
  • Kalispell, MT
Posted

This is my first time posting on here... so don't beat me up.

I have a townhouse in montana that is ready to rent.

Let me lay this out. We bought this townhouse for $176000. We currently owe $128000 on a 15 year mortgage at a 2.75 interest rate. We are roughly two years into the 15 year mortgage. Are mortgage is $1,225 / month. We are asking $1,500 for rent each month. I don't think we are asking too much for rent but when I posted my townhouse online, we got beat up in the forums saying that are rent and security deposit of $3,000 was outrageous. We have a brand new set of Apartments down the street that are renting for 1380 dollars a month 3 bed with just a carport. My townhouse is on a quarter acre with a two car garage, 3 bedroom 2 bath.

I haven't had it on the market for very long. But at this point I am really considering selling it and not dealing with tenants. Please let me know your thoughts on this

Loading replies...