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Updated about 6 years ago,
Rent or Sell San Diego Condo?
I have a 1bdrm condo in 92110 that I live in and will be relocating for work. If I rent it out, then I'd "maybe" have a few dollars of cashflow, but most of that would go to maintenance costs. If I sell, then I'd make $40-50k on the sale after realtor fees. It's an older condo (1969), but is in good condition. I worry if I rent then my engineered hardwood floors and nice blinds will be damaged. Although, those aren't too difficult to repair/replace. I've only had the property for 2.5 years. Now is not a good time to sell or rent, so either could take a few months/not be as profitable.
Anyone will experience in San Diego have an opinion?
I also have a single family buy & hold in Texas that I plan to move into when I move out of the San Diego condo. It's 10 years old and is getting to the point of needing repairs, but no mortgage on that property. Just property tax and insurance.