All Forum Posts by: Jonathan Fortin

Thanks for your input I appreciate it. It doesn't pull in much. I'm making about $300/ month of cash flow on the house.

The house is 1200 sq ft . Adding mini splits right now isn't an option due to their cost

Hello everyone. I'm fairly new to real estate investing so I have a question for you all. 

(Back story)

I currently have a rental property that uses a coal furnace for heat. I've had it rented out for the last year successfully. It was time to renew the lease and my tenants decided not to renew. Not a big deal. Anyone that has had coal knows that it's more maintenance and upkeep.

Over the year the fire went out a few times due to them not keeping up with it. Each time I had to go a get it started again. 

Question:

Would you continue to rent it out or move on from the property? Converting it to oil heat is out of the question due to the cost of it. 

There is someone local to me that already offered to buy it from me. 

Thanks