House fully paid off-need best strategy for rental

[Tish Simmons]

I'm ready to move out of a family house that has been occupied for about 30 years in Decatur Ga. But need the best strategy to rent it out and be able to afford a 3500 mortgage. I'm assuming with these rates.

The house needs a few updates,  and are willing to make them of course for an assisted living/group home,  etc. Help!
 

[Mark Faulkner]

@Tish Simmons, Awesome that you have paid off the mortgage and are looking into rental strategies. Sounds like you could have some sentimental value in the house that may lead you to keep it. 

I am a director for a management company in Atlanta, so we are VERY familiar with Decatur properties and some of the challenges they bring. Certain areas of Decatur are easy, while some are not.  The county is also tough to deal with when things go south renting wise, so keep that in mind.

Please feel free to reach out to me with any questions !