Newbie asking for assistance

[Bryan Sumardi]

Hi, I bought my first property in September of 2018 with a VA loan because I am prior military. I have owned the house for over a year now and my original plan was to hire a property manager to find me a tenant. I bought the house from a previous investor who had tenants already and wanted to liquidate. My property manager is now telling me I need to do more renovations to the house before it can be rented. I don't have the money to complete the renovations. I'm debating on selling the house to break even or just manage the rental myself. The house is in Baltimore, MD. Please advise.

[Robin Duhon]

I would say it would depend on the type of renovations he suggested... if the property is safe to live in, I don't see why you can't rent it out. If it passed a VA inspection, I would think its ok. If the home is remodeled you can charge more rent and the property manager would get more commission... I have rented out my property (also VA loan) for 9 years and the only thing my property manager has recommended is fresh paint or new carpet once and pressure washing the outside every few years.