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.
Real Estate Deal Analysis & Advice
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 about 7 years ago, 11/21/2017

User Stats

6
Posts
1
Votes
Curran Quinlivan
Pro Member
  • Investor
  • Omaha, NE
1
Votes |
6
Posts

Does breaking even on rent make sense

Curran Quinlivan
Pro Member
  • Investor
  • Omaha, NE
Posted

Good morning! I currently own a rental property in Minneapolis. Single family, 3br 2 bth. Our current tenant is leaving at the end of the their lease.  I am told by our current management company we could increase rent to where we would break even each month after taking out 5% each for vacancy, repairs, cap ex and $125 for mgmt. fees. We originally rented because we were upside down and left town for work.  We still live out of state. I could sell and break even or net $2-3K after all realtor fees are paid from the sale.

Does this make sense to hold on to the property if we can break even? Or should we sell?

Any help is greatly appreciated.

Curran Quinlivan

  • Curran Quinlivan
  • Loading replies...