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Money and Finances
Reply to "Rent current house or sell and invest?"
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[quote=Anonymous]We rented and sold after 2 years because it wasn't worth the hassle. I wish we'd sold originally, we would have saved so much money and time. Renters will never be as good to your house as you are. If your house is in decent but not great shape, things will break, and it won't be the things you expect. A faucet handle. A toilet that leaks, etc. A property manager will do the bare minimum so you have to plan on actively managing them. If you know that the roof and HVAC need to be replaced, make a plan now and get your quotes. I'd even consider replacing the HVAC before you rent it out because if the heat goes out in the dead of winter, you have a real problem to keep your tenants warm. Especially if equipment is in short supply, there's not time to shop extensively for quotes and parts. [/quote]
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