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Reply to "Sell or Rent out?"
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[quote=Anonymous]FWIW I wish we had sold our condo during the last bubble. We hired a management company to handle rentals and maintenance and stuff, but it takes a big bite out of the profit. Then we had to replace some appliances. Another bite. And the HVAC will need to be replaced soon. And on and on. We kept it because it "diversifies our portfolio" and stuff like that. It's in (what is now) a decent area in DC, but we need to worry about things changing in the future. There's a fair chance we will turn a profit when we eventually sell it, but will it be more than if we had just dumped the money into an index fund? Maybe, maybe not. But the index fund would have been a LOT less hassle. [/quote]
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