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Updated about 7 years ago on . Most recent reply

User Stats

95
Posts
12
Votes
Rob Smith
  • Investor
  • Chino Hills, CA
12
Votes |
95
Posts

Should I sell or should I can

Rob Smith
  • Investor
  • Chino Hills, CA
Posted

 Need advice what should I do?

I have a rental property in San Antonio Texas 

Paid 125k 

Currently worth $115k to $129

I owe $92k

PITI = $887.58

Rent=$966  after P.M.

Has had 16k in repairs,maintenance or  Lost rent in the past 10 years  so it has been losing about $134 a month for the past 10 years  I have have the same property management for all 10 years I am changing Property Management at the end of this year because they just replace the stove without my permission I’m hoping a lot of these repairs were maybe due to property management issues  maybe  some of the repairs didn’t even need to be done hopefully new property management will turn this thing around but if they don’t should I sell this  or should I just keep taking $134 loss meanwhile somebody else is paying off a home for me and after tax write off’s I don’t think I’m even losing but I need somebody  to help me analyze what I should do thanks for your guys help 

Most Popular Reply

User Stats

95
Posts
12
Votes
Rob Smith
  • Investor
  • Chino Hills, CA
12
Votes |
95
Posts
Rob Smith
  • Investor
  • Chino Hills, CA
Replied

6919 Hallie ridge San antonio tx 78227

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