All Forum Posts by: Cynthia Johnson

It does. Thank you very much for your feedback.

Thank you Steve. I was just focusing on the short term loss, and I will connect with Brad (and his podcast). 

Very good advice. The home warranty is something I can implement right away. 

Thank you. 

Thank you, Brian, for clarifying my understanding. Yes, cash flowing every month but running into the red by end of year. Rick and Arissa, you’re making me think harder about managing it myself. I’m signed up for the property management class. 

Hello Everyone,

I am a newbie real estate gal in San Antonio, Texas, and it’s taken me some time to feel educated enough to even ask pertinent questions, but things are starting to gel after a year of reading and listening, and I finally have a situation I would really like some advice on:

I have a property I’ve been renting out for two years with a local property management company. The house is 10 years old, and between several AC repairs and multiple plastic PEX plumbing leaks, I’ve officially taken a loss of about $2K for 2018. I’ve run some comps on it, and it would go on the market for about $196K which means I have about $67K in equity.

What would you do with this property? Sell outright? Offer a lease option to tenant? Or, just hold on; maybe it will cash flow next year?

Thank you in advance for taking the time to offer your opinion.