Rent or sell 4 plex

[Kevin H.]

I have an underperforming 4 plex and I'm trying to decide if I should sell or get it back on track. When I managed the photo perry it was a money maker for a few years. Then I got a property manager and the guy was a complete moron. Long story short repairs were shoddy and tenants were awful. Unfortunately my job doesn't allow me time to properly manage the place myself. Currently one of the four units is rented for $450. Two other units are rent ready and the last needs about $1,000 to get it ready. That includes new appliances which the previous tenant destroyed. If I keep it I'll be hiring a well known management company which will cost 8% a month. The numbers are below. Any advice or input is welcomed. Thanks. $76.57 insurance $215.16 taxes $558.38 mortgage $102 gas & electric $134.31 water, sewer, trash Unit 1 $450 rented - 1 bedroom Unit 2 $425 vacant - studio Unit 3 $450 vacant - 1 bedroom Unit 4 $600 vacant - 3 bedroom