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Reply to "Sell the house, or rent it?"
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[quote=Anonymous][quote=Anonymous]Personally I would sell and take the (up to) 500k tax free gains. Being a long distance landlord is not a great situation— at best you find a local management company that eats up your projected small profit. You could try renting for a year or two and then decide but in some ways that is the worst of both worlds. [/quote] +1 Also, no renter, no matter how "good" will treat your home the same as you did. They don't tell you about little issues, they wait until it's a big issue and costs you much more to repair. Everyone I know who choose to rent hated it, and in the end barely broke even. If you have to do $10K+ in repairs once you get it back to bring it back to your acceptable level to live, you didnt' earn anything. And all it takes is 3-4 months without renters and you are behind $$$[/quote]
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