Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
California Real Estate Q&A Discussion Forum
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 6 years ago,

User Stats

4
Posts
0
Votes
Sandy Fu
0
Votes |
4
Posts

Should I lease or sell my condo in Arcadia, CA?

Sandy Fu
Posted

Hello Everyone, 

Would like to seek some recommendation about my situation:

  • Bought my condo (detached garage) 3 years ago at $432k in Arcadia, California
  • I will be moving to Seattle in a couple of months
  • The property management company says I can try to rent it out for $2595 and they charge 5% management fee a month, $130. So my fix cost will be $2250 for mortgage, insurance and tax plus $310 HOA. Which brings me to a total of $2690.
  • If I sell my place now, it's valued at $550k and $570k will be the max

Should I rent it out or sell it?

Loading replies...