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Updated about 7 years ago on . Most recent reply
Should I sell or should I can
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